Legal Question in Real Estate Law in Philippines
Mother died intestate with several small properties still in her name. How can 7 children get title changed to sell properties? What steps are required, how long does it take and approximately what would cost be?
1 Answer from Attorneys
You and your siblings must execute an Extrajudicial Settlement of the estate of your mother. A notice of extrajudicial settlement must be published in a newspaper of general circulation once a week for three consecutive weeks. Next is the payment of the estate tax, transfer tax and registration fees. The title(s) will be transferred in your names. Once the titles are in your names, you and your siblings can proceed to sell the properties. The time table would be about 3 months. As for the taxes and other fees due, it would depend on the value of the estate of your mother.