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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

Subject: Practical Exercises - Extrajudicial Settlement

Scenario: Juan recently inherited a large tract of land from his deceased father. He wishes to proceed with the extrajudicial settlement of his father's estate to properly transfer the ownership of the land to him and his siblings. However, he has no idea where to start and what steps to take.

Question: Provide a step-by-step guide on how Juan can successfully carry out the extrajudicial settlement of his father's estate in accordance with Philippine laws.

  1. Identify the documents needed in the extrajudicial settlement process.
  2. Explain the requirements for an extrajudicial settlement to be considered valid.
  3. Discuss the procedure for filing the extrajudicial settlement with the appropriate government agency.
  4. Explain the role of a notary public in the extrajudicial settlement process.
  5. Discuss the effectivity of the extrajudicial settlement once it is executed.


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Bar Review Question: Subject: Practical Exercises - Extrajudicial Settlement Scenario: Juan recently inherited a large