Losing a loved one is difficult, and the legal process of settling an estate can feel overwhelming.
Defining the Deed of Sole Adjudication
Simply put, it is a declaration made by the only heir stating that they are the exclusive successor to the properties left behind. Unlike cases with multiple heirs, there is no need for a division of assets, as everything is transferred to the individual heir.
Applicability of the Deed
You can avail of this process if the following criteria apply:
The decedent left no will.
There are no debts left by the deceased, or all debts have been settled.
The person filing the deed is the What is a Deed of Sole Adjudication? sole legal successor.
Key Differences to Note
Many people confuse an Extrajudicial Settlement with a Deed of Sole Adjudication. An Extrajudicial Settlement is used when there are two or more heirs who consent to divide the estate among themselves.
Requirements for a Deed of Sole Adjudication
To properly file this deed, you will require several documents, including:
Formal evidence of death from the PSA.
Documents showing you are the sole heir.
Land What is a Deed of Sole Adjudication? titles, OR/CR, or bank records.
A legally drafted and notarized Deed of Sole Adjudication.
Do I Need to Publish the Do I need to publish the Deed of Sole Adjudication in a newspaper? Deed?
Neglecting to publish the deed can invalidate the registration process.
Taxes and Fees
The heir Can a Deed of Sole Adjudication be used if there is a will? must file and pay the estate tax with the Bureau Do I need to publish the Deed of Sole Adjudication in a newspaper? of Internal Revenue (BIR).
Impact of a Last Will
The deed is only for intestate succession, where no testamentary disposition was made.
How Long Does it Take?
Typically, the process can take anywhere from several months to a year.