EXTRAJUDICIAL SETTLEMENT OF THE ESTATE

(Of the Late _________________)

-with-
WAIVER OF RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

This EXTRA-JUDICIAL SETTLEMENT with WAIVER OF RIGHTS is made and entered

into by and between:

The Heirs of the Deceased:

_________________________, of legal age, Filipino Citizen, married to

_____________________and a resident of _______________________;

_________________________, of legal age, Filipino Citizen, married to

_____________________and a resident of _______________________;

_________________________, of legal age, Filipino Citizen, married to

_____________________and a resident of _______________________;

_________________________, of legal age, Filipino Citizen, married to

_____________________and a resident of _______________________;

WITNESSETH THAT:

1. __________________________ are the legitimate children of deceased

spouses ___________________________.

2. The deceased spouses , ___________________________. died intestate on

_____________________ and ____________________, respectively without leaving any Last
Will or Testament;

3. To the knowledge of the parties herein, the decedents left no debts or

accounts whatsoever;

4. At the time of their death, SPOUSES ____________________, left the a parcel

of land denominated as, located at, and covered by TCT No, which is more particularly
described below:

TCT NO. WITH TECHNICAL DESCRIPTION

5. Being the children of the late spouses,

_______________________________________ are the only compulsory heirs of the
deceased; and,

6. It is in the best interest of the parties herein, to divide, partition, and

adjudicate among themselves the above-described property, left by the deceased, extra-

Extra-Judicial Settlement of Estate: Page 1 of 2

judicially, in the manner and form hereinafter set forth pursuant to Section 1 of Rule 74 of
the Revised Rules of Court of the Philippines.

NOW, THEREFORE, considering the foregoing premises, the parties herein being the
compulsory heirs of deceased spouses ____________ do hereby, by these presents, agree to
adjudicate the above-described property and altogether waive their rights over the same in
favor of __________________________________.

IN WITNESS WHEREOF, the parties hereto have hereunto signed this ___ day of
________ in __________________.

Name ID Signature

SIGNED IN THE PRESENCE OF:

__________________ __________________

REPUBLIC OF THE PHILIPPINES)

__________________I) SS.
x-----------------------------------------x

ACKNOWLEDGMENT

BEFORE ME, this ____ day of A_______________a Notary Public for and in the
Province of Albay, personally appeared the above-named persons, with their respective
competent proof of identity indicated below their names and signatures.

all of whom I have identified through competent evidence of identity and who
represented to me that their respective signatures on the foregoing instrument were
voluntarily affixed by them for the purposes stated in the instrument and who declared that
they have executed the foregoing instrument as their free and voluntary act and deed.

This Instrument consists of only _______ (____) pages, including this page in which
this acknowledgment is written, duly signed by the parties and his instrumental witnesses
on each and every page hereof.

WITNESS MY HAND AND SEAL this 9th August 2019 at Legazpi City, Philippines.

NOTARY PUBLIC

Doc. No. __;

Page No. __;
Book No. __;
Series of 2019.

Extra-Judicial Settlement of Estate: Page 2 of 2