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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

Topic: Extrajudicial Settlement

Scenario:

John and Jane are siblings who inherited a piece of land from their deceased parents. They both agree that it would be best to settle the estate through an extrajudicial settlement. However, they are unsure about the specific steps and requirements in carrying out this process.

In light of their situation, answer the following questions:

  1. What are the documents required in an extrajudicial settlement of estate?
  2. What are the necessary steps that John and Jane need to undertake to complete the extrajudicial settlement?
  3. Are there any restrictions or limitations in conducting an extrajudicial settlement of estate?


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Bar Review Question: Subject: Practical Exercises Topic: Extrajudicial Settlement Scenario: John and Jane are siblings