CLINICAL LEGAL EDUCATION (PRACTICUM 1)

DEVELOPMENTAL LAWYERINGENGAGING IN COMMUNITY LEGAL EDUCATION &

CONSULTATION SERVICES

Team 1 Estate Taxes and Settlement of Estate

Background
Tax is as certain as death. Tax is a natural consequence of death for individuals leaving
significant amount of assets to their loved ones. Some people are able to plan ahead to manage their
asset base in the event of death. Tax may not be the primary driver but it is always a key factor to
consider.

Everyone wants to leave a legacy, but it is also important how leaving such a legacy can
financially affect your loved ones. Knowing about estate tax in the Philippines can help you plan for your
estate and the inevitable, making sure that your loved ones are taken care of even when you’re gone.

After a family member passes away, one of the common questions among the surviving family
members is how to deal with the properties that the Decedent left behind. There may be real and
personal properties registered under the name of the Decedent. Money deposited in the bank, stock
certificates, club shares, and the proceeds of a life insurance policy are some examples of personal
properties. All of these properties left behind form part of the “Estate” of the Decedent.

Objectives

1. To determine the right practices and applicable processes in this kind of matter simply because it
is a tax on the right of the deceased person to transfer to the heirs and beneficiaries such as money
and properties that a person can inherit.
2. To determine the effects of TRAIN Law in computing the estate tax
3. To determine the impact of the Estate Tax Amnesty

Scope
[What will be the end result of the project? Describe here what phases of work will be undertaken.]

Timeframe

Description of Work Start and End Dates

Phase One … …
Phase Two … …
Phase Three … …

Project Budget
 Description of Work Anticipated Costs
Phase One … …
Phase Two … …
Phase Three … …
Total Php

Key Stakeholders

Client [name]
Sponsor [name]
Project manager [name]

Monitoring and Evaluation

[Describe how progress will be evaluated throughout and at the end of the project. Formulate clear
indicators for objectives and result.]