Philippine Estate Administration

Administration of an estate in the Philippines can be overwhelming – and at times frustrating – for loved ones. These feelings are understandable, as there are many steps in Philippine estate administration, including but not limited to the following:

  • Marshalling of all Assets of Decedent;
  • Obtaining valuation of Estate Assets (i.e. Zonal value, Market value, etc.) for Estate Tax Purposes;
  • Preparing, Filing and Paying the Estate Tax within one (1) year after Date of Death;
  • Procuring of C.A.R. (Certificate Authorizing Registration) from the B.I.R. (Bureau of Internal Revenue of the Philippines);
  • Updating of Tax Declaration with local Government;
  • Preparing and/or obtaining transfer documents (i.e. Extra Judicial Agreements, Affidavit of Self Adjudication, or Probate Court Order, etc.;
  • Presenting all required documentation to the Register of Deeds in order to transfer title of Real Property (or to Financial Institutions for Financial Accounts);
  • Obtaining new titles/transfers of properties to beneficiaries;
  • and much more.

The Estate Tax must be filed and paid within the allotted time after a decedent’s date of death. Unfortunately, most decedent’s estates in the Philippines are subject to the Philippine Estate Tax. And a failure to file and pay this tax will result in penalties and interests being added to the amount of tax owed. To learn more about the Estate Tax and the current AMNESTY that will allow you to avoid having to pay the tax and any associated penalties and interests you may be facing, click: Here

We can help you through the entire Estate Administration process; from the preparation of the Estate Tax Return to obtaining all necessary documents in order to transfer legal title of real and personal property into your name.

To learn how to get started, click:  Here.