Posts Tagged ‘estate tax’
Selling Inherited Real Estate Property
For those living here in the U.S., most would rather sell the real estate properties they inherited in the Philippines than deal with the hassle of maintaining properties thousands of miles away, not to mention the costs. There are, however, important things one must know to ensure that the sale goes smoothly and legally. First,…
Read MoreExtrajudicial Settlement of Estate: When Your Loved One Passes Away
Nothing is more difficult than losing a loved one, but we must learn to live with this unavoidable fact of life and move on when it happens. One of the things we have to deal with in moving on is settling the estate of the deceased. In this article we’ll explore two options in the…
Read MoreThe Estate Tax
The estate tax is a tax on the right of the decedent to transmit his/her estate to his/her lawful heirs and beneficiaries at the time of death and on certain transfers, which are made by law as equivalent to testamentary disposition. This is not a tax on the properties inherited, but a tax on the…
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