EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE BY THE HEIRS

KNOW ALL MEN BY THESE PRESENTS:

That _______, _______, and _______ of legal age, single, Filipino
citizens and with residence at _______ hereby voluntary:

DECLARE AND MAKE MANIFEST;

1. That they are the legitimate children of their father, _________, who
died on ________ at the Municipality of _________, province of _________,
which was his residence at the time of his date.
2. That said decent died without any debts and without leaving any will,
and the only surviving heirs and above-mentioned _______, _______, and
________.
3. That the deceased also left the following real properties:
4. Describe then, including technical description, with approximate
value of P____.
5. That the deceased also left personal properties, consisting of:
Specify and describe them, with total value of P____.
6. That the parties herein have adjudicated the estate of the decedent
among themselves and they have agreed, as they hereby agree, to divided the
parcels of land and the personal properties equally among themselves, by
partitioning the parcels of land and selling the personal properties, with the value
thereto to be divided equally among them.
7. That to implement this extra-judicial settlement, the parties herein
have authorized, _______, the eldest son of the decedent, as attorney-in-fact to
sell said personal properties, to hire a surveyor to partition the parcels of land
into three parts, each part to implement this extra-judicial settlement.
8. That the parties herein have agreed to equally shoulder the taxes
required to be paid to the government, all costs and expenses of selling the
personal properties and of partitioning the parcels of land among them,
registering the partition to the end that each of them will get certificates of title
of the portions adjudicated to each of them, and all other expenses that may be
entailed to carry out this extra-judicial settlement.
9. That attached hereto is a bond and filed with the said register of
deeds, in an amount equivalent to the value of the personal property involved as
certified to under oath by the parties hereto and conditioned upon the payment
of any just claim that may be filed under Section 4 of Rule 74 of the Rules of
Court.
IN WITNESS THEREOF, the parties have affixed their signatures hereto on
_______, at _______.

_________________ ________________ ________________

SIGNED IN THE PRENSENCE OF:

________________________
________________________

Republic of the Philippines]

____________________] s.s.

ACKNOWLEDGMENT

BEFORE ME, a notary public in and for __________, Philippines,

personally appeared ________, ________ and _________, with CTC No. ________
Issued on _______ at _______, respectively, and they presented to me the
instrument titled EXTRAJUDICIAL SETTLEMENT OF THE ESTATE BY THE HEIRS, of
the deceased ________, who are known to me personally and who executed said
instrument, and who acknowledged to me that the signatures on the instrument
were voluntarily affixed by them for the purposes stated in the instrument, and
declared to me that they have executed the instrument as their free and
voluntary act and deed.

This instrument refers to the extrajudicial settlement of personal

properties and of parcels of land located in _______ and consists of ____ pages,
including this page where the acknowledgement is written, signed by the parties
and their instrumental witnesses at the bottom of the last page and at the left
hand margin of each and every page hereof.

IN WITNESS WHEREOF, I have hereto set my hand and affixed my

notarial seal this ___ day of ___ at _______ Philippines.
 Notary Public
Until ______
Doc. No.
Page No.
Book No.
Series of___.