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Butsoy

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lets say the scenario is this. 1997, client died. account was put on hold. 2006, heirs with complete documents claim the money from the bank. are they entitled to the interest earned from 1997-2006?

 

Yes of course. If the account was a savings account, they get savings account interest. If it was a money market account, they get what was earned thru roll overs if it was in fact rolled over. Some banks just simply put it in savings if there are no instructions, and in that case, whatever the savings interest rate was earned will also go to the heirs.

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I am seriously considering applying for dual citizenship and I need help deciding whether it is a good idea or not. I have heard the benefits that I am supposed to get but it's hard to obtain information on the negative side of having dual citizenship. Can someone tell me if there are issues that I may run into if I apply dual citizenship?

 

btw, I am currently a US citizen.

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I am seriously considering applying for dual citizenship and I need help deciding whether it is a good idea or not.  I have heard the benefits that I am supposed to get but it's hard to obtain information on the negative side of having dual citizenship.  Can someone tell me if there are issues that I may run into if I apply dual citizenship?

 

btw, I am currently a US citizen.

 

 

Before responding to your query, please state circumstances/dates/facts relating to your claim of dual citizenship such as date of birth, citizenship of your parents etc. Note that you must be a natural-born Filipino to be able to qualify. If you want to read up on the matter, then just go to this address: http://www.gov.ph/faqs/dualcitizenship.asp. Or you may go to www.gov.ph and click "foreign affairs" on the side bar.

 

Or you may simply type the key words "dual", "citizenship" and Philippines and you will see a lot of hits pertaining to Republic Act No. 9225 (Citizenship Retention and Re-Acquisition Act of 2003).

 

Word of caution lang. Japan and Germany (im not sure about this second country) both have sent formal communications to the DFA that their citizens who apply for dual citizenship under RA 9225 and swear allegiance to the Philippines run the risk of losing their Japanese/German (?) citizenship. Thus, if I were you, check muna with a U.S. lawyer on the effects of what you intend to do. The benefits to be derived include the right to vote, run for public office, own land, practice profession etc. . The unmarried, minor children of those who re-acquire Filipino citizenship under the said Act also become Filipinos.Lahat yan nasa FAQ link that I gave above.

Edited by agentjackbauer
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What law firm would you like to work for? Do we have any MTC members working in these firms?

 

Sycip?

Villaraza?

Romulo Mabanta?

Quisumbing Torres?

ACCRA?

Picazo?

Castillo Laman?

 

Survey lang  :)

 

No MTC in their right mind will admit that they work for any of these firms. They have a rep to protect. They can tell people privately but they won't broadcast it.

 

QT is the best firm to work for because they pay the most money. Who cares if they lack substance. Plus, if you make sipsip enough in that firm, you can become an International Partner for Baker McKenzie.

 

Out of law school, you are full of gusto and principle. You want to become a top notch lawyer. After three years, people move. After four years, you realize that you want to buy that new car, you want to put a downpayment for that condo, your girlfriend wants to get married. You need money.

 

Trust me, 5 years after law school, money is a very important factor in life. So, go where the money is.

 

There is a time table in law firm life. If you are not an SA (Senior Associate) in 3-5 years, you will never be partner (you can after 15 years). When you get "invited" for an interview, ask about the partnership tract of a entry level lawyer. Ask the success stories.

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i am not working in any of them, and i dont intend to, even if i am invited to be part of the firm.

 

what they can do, any lawyer can

 

Yes, but they get paid twice a month. They get transpo allowance for the MP adventures and escort meetings.

 

But if you are in solo practice, you have all the time in the world to do hanky panky business.

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Questions for the MTC Lawyers,

 

This is regarding the dual citizenship law that was passed by Congress a few years ago. What are its provisions regarding property ownership? (land) What are the conditions for a Filipino to be granted dual citizenship?

 

Any guidance or input will be very much appreciated. Thank you very much.

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hi guys,

 

hope you can help,

 

i applied for an nso copy of my birth certificate  . pagkakuha ko alang first name. pinapuntahan ko sa pasay city hall civil registrar. pati yung copy nila alang name. nag-issue lang sila ng copy of my birth cert tapos nilagyan ng marginal note  na first name was supplied from supplemental records two years after i was born.

 

the way i see it ang pumalpak dito e yung ermats ko .spilt milk.i might be needing a good nso copy (with a first name) by middle of june. does anyone here know what's the best way to go about it.

 

my sis says late registration nalang raw. is this a good idea ren? thanks

 

Late registration would definitely be a bad idea. Since you already have a birth certificate, any application for late registration would be falsification of public documents, as you would be claiming that you have not yet been registered with the Civil Registrar, which is untrue.

 

Since most persons have to have a first name and a surname (the NSO recognizes that members of indigenous cultural communities might have a tradition of having only one name and allows this exception), your lack of a first name can be corrected by a mere supplemental report to be submitted to the Civil Registrar. Ang nakapagtataka, parang nagawa na ito sa kaso mo (since you say that there is a marginal note where your first name was supplied). Maybe the addition of a first name in your birth records need to be formalized by the submission of a supplemental report. Go to the Pasay City Civil Registrar and inquire if you can just submit a supplemental report to add your first name.

 

Or you can go the NSO at EDSA (near Quezon Ave) and ask the help of Director Lourdes Hufana in adding a first name to your birth records.

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Willow_boy, to answer ur query, please allow me to quote an earlier post of agentjackbauer:

 

"If you want to read up on the matter (i.e., dual citizenship), then just go to this address: http://www.gov.ph/faqs/dualcitizenship.asp. Or you may go to www.gov.ph and click "foreign affairs" on the side bar.

 

Or you may simply type the key words "dual", "citizenship" and Philippines and you will see a lot of hits pertaining to Republic Act No. 9225 (Citizenship Retention and Re-Acquisition Act of 2003)."

 

Happy reading.

 

Ms. lyssaHOT,

 

Kumusta na? Thank you very much for the info. I'll check that web address you mentioned. Maraming salamat uli. Regards. :cool:

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hello po...

 

well tanong lang po...

 

my lola died (she was an old maid) meron syang alzheimers disease...she has 4 living siblings ( 3 are dead)...wala po syang will

 

would the children of her dead siblings be heirs to her properties (intestate succession)

 

ive read sa civil code book ko and it says yes...i just need to confirm from you geniuses

 

thanks!

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hello po...

 

well tanong lang po...

 

my lola died (she was an old maid) meron syang alzheimers disease...she has 4 living siblings ( 3 are dead)...wala po syang will

 

would the children of her dead siblings be heirs to her properties (intestate succession)

 

ive read sa civil code book ko and it says yes...i just need to confirm from you geniuses

 

thanks!

 

Yes, I think they would by right of representation in the collateral line.

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