Рет қаралды 5,886
So, how many of you have family properties that are still in the name of your grandparents... Or, worse, how about great grandparents? Yeah.
How many of you are worried that the government will charge you so much in back taxes and fees?
There's a lot.
Now, how many of you would like to get all of these issues settled legally with the most minimum taxes?
That has the most amount. Day in, and day out we see this.
Families don't transfer their properties from their parents or grandparents because they're all afraid of how much it will cost.
So what happens? Many times they ignore the issue or leave the problem to the next generation.
Usually, some of the kids from the next generation, go abroad, build their lives there and only deal with the problem when there is someone offering them to buy the property here in the Philippines.
And this is exactly the situation of one of our readers, Elaine G.
"Attorney, my mom, and her siblings inherited property from our disease lolo sometime in 2001.
It was our ancestral home, located in a town center. They didn't do anything to transfer the title to them. They recently decided to sell the property and got a very good offer.
We found out that we still need to pay estate taxes from when my lolo died.
This is potentially very big since he died in 2001. Is there any way to get a discount or some consideration from the tax?
My mom is currently living in the US and had no idea that this needed to be paid at the time. It seems unfair that we will now have to pay for this. Is there something that we can bring or ask the BIR to do to get any discounts or deductions?"
If you or anyone in your family is in a similar situation as Elaine, stay tuned.
This video is brought to you by the Estate Settlement Guide. The fastest
way to Orient surviving family members when a loved one passes away.
You will learn the basics of succession to know who can inherit and how much it will guide you through the next steps your family needs to take so you don't incur penalties and you transfer the property to the heirs properly protect your family legacy, avoid unnecessary penalties.
Go to info.legalguide.ph/estate to learn more.