All ▸ Bar 2024 ▸ REMEDIAL LAW, LEGAL AND JUDICIAL ETHICS ▸ VIII. LEGAL AND JUDICIAL ETHICS WITH PRACTICAL EXERCISES ▸ B. Code of Professional Responsibility and Accountability (A.M. No. 22-09-01-SC) ▸ D. Practical Exercises ▸ 4. Extrajudicial Settlement

Question

D. Practical Exercises: Extrajudicial Settlement

Scenario:

Mr. Santiago, an elderly widower, passed away, leaving behind several properties to his four children, Alex, Beth, Carlos, and Diana. The siblings have decided to settle the estate through extrajudicial settlement, as provided under the law.

Question:

Outline the steps and requirements that Alex, Beth, Carlos, and Diana must follow in order to execute a valid extrajudicial settlement of their father's estate. Cite the applicable laws and regulations governing extrajudicial settlement in the Philippines.

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