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The Legal Side of Real Estate


rickyv

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  • 1 month later...

My parents has multiple properties. Since they are old and proactive, they want to transfer these properties to me while they are still able and reduce the Estate Tax to be shouldered by me in the future. My questions are: what is the process to do this? Are there other ways/process to go around future Estate Tax? and, Is a fake sale needed to do this?

Thanks in advance.

 

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  • 3 weeks later...
On 1/29/2021 at 7:25 PM, Burdaw said:

Whos willing to help me, i need adivses.. we have property(school) then were willing to file bankruptcy because we cannot manage it well, my uncle whos the original owner, who passes away already, left too much debt in bank, thats why the pdic take our property with interest.. we tried to continue the school, whos named under my father.. question: hows the process will be in this situation? Thank you in advanced

is the school corporation or single proprietorship set up? your uncle is the owner but under your father's name? if that is the case who acquired the loan from the bank?

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On 11/7/2021 at 3:53 AM, TrueLife_FunLife said:

My parents has multiple properties. Since they are old and proactive, they want to transfer these properties to me while they are still able and reduce the Estate Tax to be shouldered by me in the future. My questions are: what is the process to do this? Are there other ways/process to go around future Estate Tax? and, Is a fake sale needed to do this?

Thanks in advance.

 

it can be a donation or deed of sale ro be transferred ,amount of taxes and fees is about 8% od the amount. 20k the agent transfer paperworks.

On 11/24/2021 at 6:20 PM, paupau said:

Who has the right sa firewall in between 2 townhouse units? What if gusto taasan nung kabilang party pero ayaw nung kabila?

consult the developer as to what is stated in the regulation development

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  • 2 weeks later...
  • 2 months later...

wishing everyone a fine day.

consult lang ako:

Scenario :
land owner - (deceased)

Naiwan: Legitimate Wife + with 3 Children

pede po makahingi ng advice kung ano ang hatian ng mana?

tapos isa sa mga anak ng land owner died, naghahabol po yung mga apo ng share ng mana ng landowner.

Maghahati-hati muna ang wife and 3 children tapos yung hatian ng apo ay doon lamang sa share ng childer ng landowner.

 

Salamat.

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On 2/21/2022 at 11:19 AM, ~~gwa7~~ said:

wishing everyone a fine day.

consult lang ako:

Scenario :
land owner - (deceased)

Naiwan: Legitimate Wife + with 3 Children

pede po makahingi ng advice kung ano ang hatian ng mana?

tapos isa sa mga anak ng land owner died, naghahabol po yung mga apo ng share ng mana ng landowner.

Maghahati-hati muna ang wife and 3 children tapos yung hatian ng apo ay doon lamang sa share ng childer ng landowner.

 

Salamat.

Ang unang hati ay sa mag-asawa (lahat ng pag-aari ng isang taong kasal ay nagiging pag-aari nilang mag-asawa), so 50% ng lupa ay pag-aari ni Landowner, at ang naiiwang 50% ay pag-aari ni Legitimate Wife. 

 

Sa 50% ni Landowner, ito ay hahatiin sa 5 (kay Legitimate Wife, sa 3 children, at sa mga anak nung namatay na anak)

Kaya, in ending 60‰ nung lupa ay pag-aari ni Legitimate Wife, tig-10‰ yung 3 anak, at 10% din yung mga apo. . 

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  • 1 month later...
  • 2 weeks later...
On 3/30/2022 at 12:01 AM, GRos2021 said:

20 years ago, my father sold my titled land to my aunt without my consent.

Is there a way for my aunt to validly transfer the title to her name?

nasaan ang owner's duplicate copy ng title? Kung nasa iyo, hindi niya matratransfer yun (unless she files a petition in court to declare it lost).

 

Kung nasa kanya, hindi pa rin kung ang deed of sale niya ay hindi sa pangalan mo as seller (posible kasi na your father sold it as attorney-in-fact mo, e.g. may SPA siya galing sa iyo, in that case, maaaring valid yung sale). kung walang SPA, .hindi rin pupwede maitransfer

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  • 1 month later...

Good morning. I was hoping to get free legal advice here. Our company deals with the transfer of real properties. One of our clients is a bank. What happened here is they had a former employee who embezzled a substantial amount of money. This employee is now hiding and cannot be found. The bank filed a sum of money case against the former employee. Luckily there are properties under the name of the said employee. There's already a notice of levy on attachment on the former employee's properties. This notice was annotated on the titles. The properties were awarded to the bank as the highest bidder on the auction date. The one-year redemption period has already lapsed, and thus our services were tapped by the bank. My question here is, do we need to reconstitute the title? Or can we proceed with the registry of deeds for the transfer of title even if we do not have the owner's duplicate copy? 

 

Thank you in advance and stay safe!

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  • 3 weeks later...

May batas ba o guidelines kung sakaling mag decide ang members ng family to convert a vacant lot para paglibingan ng member ng family. Just like a family cemetery. The vacant lot is located on the rear and within the enclosed compound of the family. It will also be enclosed from the rest of the lots.

Thanks.

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