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Quezon City, Philippines Attorneys in related practice areas.
Private Client law in Quezon City, Philippines, refers to a specialized area of legal practice that focuses on assisting individuals and families with personal legal matters. These matters often include estate planning, wills and succession, trusts, probate, wealth management, tax planning, guardianship, and powers of attorney. In a fast-growing urban center like Quezon City, Private Client law provides clients with peace of mind by protecting their interests and ensuring their personal and family assets are managed and transferred in accordance with Philippine law and their own wishes.
There are several situations where engaging a lawyer experienced in Private Client law is essential. Some of the most common scenarios include:
In these scenarios, the knowledge and guidance of a legal expert are invaluable for ensuring compliance with local laws and achieving your personal and family objectives.
In Quezon City, Private Client matters are primarily governed by national laws, especially the Civil Code of the Philippines, the Family Code, and relevant tax laws, but implementation and court procedures may vary locally. Key legal elements include:
It is essential to understand both the letter of the law and its local application in Quezon City to avoid complications or unnecessary costs.
A will is a legal document stating how a person's assets will be distributed after their death, while a trust is an arrangement where legal ownership of assets is transferred to a trustee to manage on behalf of beneficiaries, during or after the trustor's lifetime.
Compulsory heirs include the spouse, legitimate and illegitimate children, and in some cases, parents. Philippine law protects their rights to a fixed portion of the estate.
While not required by law, having a lawyer draft or review your will ensures it complies with legal formalities, reducing the risk of future disputes or invalidation.
Estate tax is computed based on the net value of all property, rights, and obligations of a deceased person at death, minus allowable deductions. Current rates and computations are set by the Bureau of Internal Revenue.
Probate is the legal process of proving the validity of a will and overseeing the distribution of the estate. It is required for both notarial and holographic wills before any estate property can be transferred.
Estate taxes must generally be paid within one year from the date of death, with possible extensions upon approval by the BIR. Delays can result in penalties and interest charges.
Foreigners can inherit property, but land ownership is restricted. They may inherit and own land in certain situations but typically must dispose of the land within a reasonable period as provided by law.
If someone passes away intestate (without a will), Philippine law provides for how their assets will be distributed among legal heirs, following the rules of intestate succession under the Civil Code.
Only for specific causes outlined in the Civil Code can compulsory heirs be disinherited, and these reasons must be clearly stated and proven. Not all relatives can be freely excluded from inheritance.
Commonly required documents include the will, death certificate, list of assets and liabilities, certificate of no pending case, and affidavits as needed. A lawyer can guide you in gathering and preparing all necessary paperwork.
If you need more information or services related to Private Client matters in Quezon City, consider reaching out to the following resources:
If you think you need legal assistance with Private Client matters in Quezon City, consider the following steps:
Taking these proactive steps will help safeguard your rights and those of your family members, giving you peace of mind while ensuring your wishes are respected according to law.
