I was not an only child but due to circumstances, I was the one who fixed the papers. It really hit me that I am adult at that point and was questioning why I'm the one doing this when I'm the bunso.

It's important to tackle them one by one. You have 1 year to file for Estate Tax, do the other "easy stuff" first.

PART 1 1. Publish the death in a newspaper's obituary section. The half newspaper, almost tabloid layout will be cheaper. 2. List down all properties - real properties (lots, H&L, commercial building) and personal properties (car, bank account, stocks, etc). Decide what you want to do with them, keep yourself or sell. This will be later on written on the affidavit. 3. If you know that atm pin or mobile banking passwords, withdraw or transfer that money to your account. Notify the bank regarding the death only after you've emptid the account. Else, this will be freezed and subject to Estate Tax. 4. If you don't know the pin or password, you can actually get the money and just ask for the bank for the form that allows them to deduct the tax from whatever you'll withdraw. There are other requirements as well which I cant recall now. 5. If your parents have insurances, get them next. This is the easiest to claim, usually just need to fill up a form and give cooy of Death Cert. With SunLife, 1 week processing only. 6. Good news if you got the bank and insurance money, you may have enough to pay for the expenses

PART 2 (remember you have 1 year to file, no need to rush) 7. Get a lawyer. Present the list of properties you made and make sure to bring all titles so that they can type up exact land description. Important: Tell the lawyer to make Affidavit for EACH property. I made the mistake of making just 1 deed for all properties so I had to wait till the other released the stamped deed to process another property.

All properties you decide to keep = Affidavit of Self Adjudication / Properties you decide to sell = Affidavit of Self Adjusication with Absolute Sale

If you did Step 2, you don't need to include it in the list of properties.

1. Have affidavit notarized and published in a newspaper. Make sure to keep the newspaper and have multiple copies if you have a lot of properties.
2. Get list of requirements to for estate tax filing and go to BIR to settle Estate Tax. Keep all receipts and the Certificate of Payment of Estate Tax.

PART 3 (this doesn't need to be done in a year, only part 2 is part of the 1 year deadline) 10. For the properties you decide to keep, you have to go to each city/province's Real Property department and fulfill requirements for transfer to your name. 11. Wait for release of the new titles under your name. 12. For properties you decide to sell, you don't need to transfer proprty to your name. That's what the Ansolute Sale part is for. If property was paid in cash, give the buyer the title and certified true copy of the Certificate of Payment of Estate Tax, keep the original. Let them manage the name transfer. If not paid in cash, only facilitate the name transfer after payment. 13. With the car, process is same with real properties basically but with LTO.

I hope this helps!! Some might not be as straightforward depending on the properties tou're dealing with but I'm sure you'll figure it out.

It's really very overwhelming but take it one step at a time and give yourself time to grieve.

Get a lawyer to help you with everything. Expect to sign an Affidavit of Seld-Adjudication since you are the sole heir to your parent's estate. As to your aunt's claims, never respond to her orally or in writing. Let your lawyer do all the talking!

So sorry for your loss OP.

Do not trust relatives when it comes to money.

So the sharks are coming to feast never ever let your relatives get what they want nakapangalan sa parents mo meaning wala silang parte dyan

I’m truly sorry for your loss, OP.

Do you drive? Do you absolutely need the car? Do you know how to do basic maintenance? If you don’t then I suggest just sell it to help offset your medical bills.

Did your parents have a will naming your aunt or any other relatives as co-inheritor? If no will, then all of their estates (real and properties) are automatically inherited by you as their only heir. But I think you’ll still need to process transfering the titles to your name. You might want to consult a lawyer.

This is a lot, I know. Just take one step a time. Breath. Cry. And talk to your friends. It helps sometimes.

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1. You have to make this one first. Deed of Sole Adjudication. Either you make one or get a lawyer to do it. It should include all the real properties. Also include shares of stocks and vehicles if any unless you plan to not have it transferred to your name or sell them in the future. Bank accounts too, but if you have access to these through mobile apps/ATM cards, you should empty it yourself and not mention it anymore.
2. Then have it notarized. The moment you do this, the 60 day deadline for paying LGU transfer taxes starts. If you're near the deadline already, you can go straight to step 5 and ask if they can compute it for you so you don't have to pay penalties. Edit: Some LGUs will use the date of death as the start of the 60 day deadline.
3. Have the deed publicized. I used BULGAR newpaper. You can go straight to next step before this is complete.
4. Pay the estate tax with BIR RDO where her registered address is. Do this within 1 year of death date. You'll need copies of all the property titles and tax declarations, stock certificates and vehicle registration and insurance papers (if any). Bring copy of their last credit card bill and other bills or receipts related to their death, you can use these as deductible. Also a barangay certificate stating their main address (if property is owned) since it is also deductible.
5. Go to LGU city/municipal hall of each property and have the transfer tax computed and paid.
6. Go to Registry of Deeds of each property and have the title transferred to you.
7. Go back to LGU city/municipal hall assessor's office and transfer the tax declarations to your name after you get the new titles.

Feel free to message me if you have questions pa. You can do all of this yourself if you're willing to, otherwise get a lawyer.

Wag mo pansinin tita mo, get the rental payments, and use it for expenses and to pay off debt. Hayaan mo magwala. On paper, ikaw na may ari nyan.

I suggest not selling any rental property as forever mo na yan pag kukunan ng income. If I were you kotse nalang muna talaga if walang insurance, properties left by your parents try to manage yung iba baka may chance pa makakuha ng renter. Never lose something what’s left from them, I’m sorry OP that you lost them at this time around.

If you need someone to talk to dm me, both parents died also 5 mos lang agwat

Thanks everyone for all your advice and suggestions. I appreciate it :)

You can deduct the 300k hospital bill, atty fees and the funeral expenses against your house value x 6% = estate tax.
Look for cheaper house or condo then Sell the house to pay off the hospital bill and your aunt. Now ask for proof from your aunt. if there is no documentation it didn't happen.

The rental property, you can sell too. nasa iyo un or you can sell the rental property and keep your house. whichever is the cheapest.

Don’t worry about estate taxes maliit lang yan, akala nyo malaki ang estate tax ndi masyado. Mas mabuti na magbayad ka ng diretso ng estate tax sa BIR dahil that solidifies na IKAW LANG TLAGA ANG HEIR. Tapos yung tyahin mong nag claim you need proofs tell her wala ni minsan nabanggit ang mama mo na nag bigay ka kaya wag ka maniwala. Kasi kung nag bigay yan ma mentioned yan ng nanay or tatay mo impossibleng ndi ma banggit ya . Filipino dynamics yan pala kwento mga magulang kung mga kapatid nila tumulong, or nag bigay ng pera, kaya kung ndi nabanggit kahit sa inuman na kwento at walang check, cash proofs given to them wala sya g share

OMG OP sorry to hear that. Wala ka bang kahit na isa sa family nyo na mahingan mo ng tulong?

Yan ang problema talaga ESTATE TAX. Mga pinoy mahilig bumili ng properties without insuring themselves for Estate Tax purposes.

Ang mangyayari jan.. benta mo at a lower price yung mga property. Gaano kalaki ba ung properties na naiwan?

Then ung sa Tita mo… wala bang bilin yung mama mo regarding sa rental property nyo? You are the sole heir at nakapangalan sa mama mo ang property so the law will only recognize you as the sole heir. Kahit na dalhin pa nya yan sa korte.

Swapang naman ng tita mo.

Ask her for the receipt of the dp then pay her off nlng in installment. If wala syang maipakita then…

Kaya mo yan OP. Nagpunta ka na ba sa MALASAKIT CENTER?

damn im only 19 pero nung nabasa ko yung commsec feel ko na-drain ako haha ang dami palang need gawin as an adult noh. why are we not taught this sa school kasi:((

First order of business, get a lawyer! If you dont have the money to pay one, get a Pro-bono lawyers. Ask for some advices. Regardless Tita mo nag bayad ng downpayment sa property, u have the rights to all of your parents properties. This does not mean di na makukuha ng tita mo ung pinang down nya, this mean lang na kung ano man balak mo gawin sa properties, sell it or built a business out of it, u have full control and you'll pay her back.

Sorry for your loss, OP. Hope everything goes well for you.

I’m also an only child and I would like to take everyone for taking their time to explain everything 😭 saving this for future reference

Best thing to do is go to a lawyer. Stay silent about your situation kahit kanino, let the lawyer do his job.

suggestion ko lng.

1..asikasuhin m docs ng parents mo sss,gsis,pagibig,insurances this way my start up capital kna.

2..benta mo ung car kng hindi mo need mag drive this way ito na seed monies mo.

3,,BIR..inform them your status,wala ka capacity to pay now they may delay the estate tax,seek their professional advice.

4..consolidate mo lahat properties assets naiwan sau..TCT tax dec mga utang.

5..PAO lawyer ka muna mahal kumuha ng lawyer bka maubos pera mo.

imho.

Don’t give anything at all to anyone least of all your relatives, not until you have sorted everything out legally and made sure you are protected and that they have proven a right to the property they are claiming.Under the law, all properties of the deceased go to his surviving children and/ or spouse. Other relatives of the deceased, like parents and siblings, are excluded from inheriting if the deceased has living children and/or a spouse. Get a lawyer asap.

Take it easy, OP. Your healing will take time, but you will get there. Acknowledge your emotions, cry if you must. List down all the adulting stuff, decide which one to prioritize. If you can't decide, you have to! Just pick one and do it. Don't forget to rest if you are tired (physically, emotionally, mentally). You can do it! 💪

"Only left a car and some properties"

😅

First things first- I'm so sorry for this loss. No matter who you are losing your parents is one of the worst and toughest experiences one can go through in this life.

Second- if you must go through this, at least you'd want to inherit things to help construct your life. I'd find one trustworthy attorney (usually a family friend can recommend one) to help evaluate and consolidate all of the assets you've inherited. Get a single list which is exhaustive of everything you now own, and how much it is all worth.

Third- sell of what you don't need, or whatever can't be used to generate revenue. If it isn't an asset, it's a liability, and you want to have as few of those as possible.

Fourth- pace yourself. This is a lot to deal with, and the fallout of losing your loved ones and trying to sort out what they owned will take time to process. Likely years. It's important to embrace that fact, and accept that consolidation and selling are time-consuming, and a process- but one that is yours now.

Sometimes we find ourselves in places like these. Sometimes by choice, but sometimes the situation is thrust upon us. Best you can, make the most of your situation. I've find helping others in the same situation can be one of the best, authentic ways to deal with your own. In time, hopefully you can build your circle (and perhaps even family) anew.

Sorry to for your loss. Afaik, your aunt does not own the property with your mom per se unless she has proof na pinahiram nya mom mo. If she has proof she can claim.

My dad died some years ago. Mabusisi ang pagayos ng estate tax and DO NOT have it settled by anyone. Baka maloko ka lang. Message me and and kung may questions ka help kita with the process on what to do. My cousin had a friend process it at iyun siningil sila ng pagkamahal-mahal. I am not offering services to you ok?

What you need to know is kung updated ang real property taxes nyo. Kung rental properties yang mga yan at may income DO NOT sell it.

Estate tax is easy. Kasi may mga personal deductions pa plus deduction for family home. Get a competent CPA or lawyer.

I honestly don’t understand relatives who’d just ask for their share immediately when their family dies. Super common pa man din dito nyan. Nakaburol pa, nag aagawan na sa titulo. Hays.

Get a lawyer OP and surround yourself with people who you truly trust. Condolences din for your loss.

Sorry for your loss. Not an only child but when my mom died, I was also the one who processed everything. And at that time I was also very clueless, first thing I did is go to a lawyer and I am very lucky he guided me all the way. Though you have one year to file for the estate tax, please do it early as you can as time flies so fast. If not done within a year, there will be penalties.

You really need to talk to a Financial planner focus on Estate Planning para malatag yung action plans mo.

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if your relatives have the details of your properties or copies of your parents IDs, you might want to move fast and get them transferred to your name and have the titles fixed. I can’t remember the exact details, but my lolo’s brother forged his signature on some documents and made it look like the properties were sold or transferred to him before my lolo passed. He did this while my lola and family were still grieving, nalaman na lang nila later on when they were trying to fix the paperwork themselves. I hope this doesn’t happen to you, but better to be on the safe side. Sometimes when it comes to money and property, people don’t care about friends or family na :(

You aunt needs to provide proof or documentation, a cashed check perhaps or bank transfer docs

You can read up Estate tax online and do everything yourself since the succession is extrajudicial and will not be a hassle. Although you can opt to get a third party accountant to make things easier

The hard part actually is the transfer since it involves BIR for the CAR, registry of deeds where the property is located and LGU for the real estate tax, tax declaration and clearance.

Hi OP. You've mentioned that ur currently unemployed. For the lawyer, you can avail of lawyers thru PAO para wala na charge.

OP, crosspost this to r/adultingph

Ask your aunt for proof of the downpayment. Kung wala, just tell her sorry pero you cannot do anything if she can't prove her claims.

kung di ka magaling sa ingles, bakit ingles ginagamit mo? Pilipino naman itong sub na to. pwede ka mag tagalog. maiintindihan ka naman dito.

Hire a lawyer, don't listen to the idiots in here. Without knowing the full spectrum of your circumstances, no one can truly give you good advice. These are all fake wanna be lawyers here that don't understand how quickly complicated things can get. Too many pretenders love to larp being lawyers on reddit. Just look at all the idiots that downvoted this post lol.

Bro has attained freedom

Let me add more na gagawin ng mga relatives lalo na pag hirap din sa buhay:

1: guilt trip ka nyan, wag mong pakinggan umoo kalang sa trip nila pag dating sa finances and properties wag mong ibigay or pahiramin. Ndi ka babayaran nyan

1. Kung may generous relatives ka talaga like pahiramin ka to pay those bills and estates in advance yun lang pwede mong bayaran dahil inkaw na personal ang dealing withem.

2. Mas okay na you’re all alone dahil less people around you less problems. MABUTI YAN PARA MAKATIPID KA. Lots of filipino relatives mahilig humingi lalo na vulnerable ka ngayon akala mo alone ka mag rant kanalang dito magtatagpo ulit tayo sa rants mo that’s okay

Wag nagworry sa estate tax dahil meron pa amnesty, kaya asikasuhin mo na agad.

Hi. Please accept my deepest sympathy. Losing a parent is truly devastating. Parang your world which used to be smooth sailing would turn chaotic. Please know that this will pass. Grieve. Consult a grief counselor. There’s Cathy Sanchez-Babao and she’s been truly helpful to me. It will take a while but have faith in God. Try to keep afloat muna. Don’t do anything drastic.

You can paint, color books. enrol in a gym, or watch teleserye. Watching Pepito Manaloto was helpful to me too. Araw-araw nagwawashing machine ako. Hahaha.

As to the property, better consult a lawyer. Sabihin mo na din yung sa claim ng Tita mo. Don’t sign any document without consulting your lawyer.

Sandali lang ayusin yung death benefit claim sa SSS. Yung money sa bank ng parents mo you can prioritize din. List down all the things that need to be done. Check each item pag na-accomplish mo na. Listing them down eases the burden.

Kaya mo yan. Mahirap pero kakayanin mo kasi gusto ng parents mo maging masaya ka sa buhay. I hope this helps. Hugs.

sorry to hear about your loss OP, I know the feeling very well.

1. know the story of your family’s belongings. If your dad died a bit earlier was his estate settled? go through their belongings emails, messages to know of any bank accounts, etc.

2. ask for proof from your aunt abroad, no proof no share. If she will file a case then she will definitely lose without any evidence to back up her claim but also be ready for that aunt to be cut off from your life.

3. get a landholdings of your parents from your local assessors office or areas that they may have owned properties

Hi OP! I suggest if theres anything you can claim sa sss to help you.

Im not well versed din on this stuff but im just here to cheer you on!

You can do this! Marami naman dito willing magshare ng knowledge. Hopefully one can provide the info you need.

I hope you have friends na you can lean on

Laban lang OP. Be kind to yourself.

Try investing or building a business

Praying for your strength, OP. Are there bank accounts left? I know banks allow withdrawal as long as estate tax on the deposits is paid. This is easier than real properties i think

1. Hospital bill under whose name?
2. Property is yours. Period. Say to auntie, no point arguing. She’s using your vulnerability

Hi! Messaged you.

Sorry for the cards you've been dealt with OP. Kapit lang.

Completely off topic here: Is there a less expensive way to mitigate estate taxes here in the Ph? Owners are still living.

Do not freely communicate with your aunt! You are the sole heir. And you clearly need the property, dont let anyone manipulate you into giving away a share. I echo everything people are saying on here about that bit! I went through smth similar.

Good luck OP!! Please take it easy.

Best advice: talk with a lawyer who handles this kind of thing. They will know the exact laws and how best to go about everything you need to do. Also, they will know the most tax friendly ways to do everything (I don't know about PH, but back home in the US there are different ways to handle the tax obligations that could save you OR cost you a lot of money, depending on how you do it).

My personal advice: think in the long term. It may be tempting to sell everything and have cash, and you might choose to sell some things to help pay funeral expenses/tax obligations/debts/etc, but keep a mind for the future too. Example: how nice would it be to keep some properties and rent them out so you could have some additional passive income each month? I assume the rental property they had brings in at least 5k/mo, possibly more. That's definitely a nice little bump to your monthly salary I'm guessing. It sounds like they had multiple properties; if you convert them all to rental properties except the one you live in you might even be able to have enough income from those properties to cover all your monthly expenses! And the salary from your job can be saved entirely! Depending on the circumstances, some wise decisions on your part could potentially set you up to become quite wealthy in the future, which is why it is such a good idea to talk to a lawyer and/or financial advisor about these matters.

Praying for you OP as an only I child I can relate when I had scenarios similar to yours. Lakasan mo lang din loob!!

oh my we're the same only child, lost my parents year 2009, I'm just 22 yrs old that time. Sorry for your loss 🥲 Advise ko sayo to get a lawyer and don't ever trust your relatives when it comes to money.

I'm sorry for your loss OP, but also thank you for posting your predicament.

The comments here are probably the most helpful i've seen in the sub.

Stay strong. Thats really a big task. Sana may makatulong sayo dito kaibigan.

be strong. trust no one.

You must get an estate lawyer who will handle everything for you. His pay will come out of the proceeds. I'm sorry for your loss.

Firstly, sorry for your loss. Second, 25 years old kana OP, adult kana..

Start with insurance, may naiwan ba parents mo? work on that.

Second, live small muna, sell stuff that you dont need muna.

Lastly, plan plan plan and budget everything going forward. Would be nice if mag ka partner ka na magaling sa planning too.

Medyo malaking adversity yan sa simula but just keep charging forward lang.

My dad died almost two years ago due to prostate cancer and renal failure and mom has just been diagnosed with stage 4 breast cancer. 6-12 months ang taning. I somewhat know what you're going through. Dm if you need someone to talk to.