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Sworn Declaration Of All Properties Of The Estate for Philippines

Sworn Declaration Of All Properties Of The Estate Template for Philippines

A comprehensive legal document required under Philippine law for estate administration, where the executor or administrator provides a detailed and sworn inventory of all properties, assets, and liabilities belonging to a deceased person's estate. This document serves as a fundamental requirement for estate tax assessment, probate proceedings, and the proper distribution of assets to heirs. It must comply with the Philippine Civil Code, Rules of Court, and taxation regulations, requiring thorough documentation and notarization to ensure its legal validity.

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What is a Sworn Declaration Of All Properties Of The Estate?

The Sworn Declaration of All Properties of the Estate is a mandatory legal document in the Philippines, required during the administration of a deceased person's estate. This declaration must be filed by the estate's executor or administrator and serves multiple crucial purposes: it provides the basis for estate tax assessment by the Bureau of Internal Revenue, informs the court during probate proceedings, and ensures transparent disclosure of all assets for proper distribution to heirs. The document must include comprehensive details of real properties, personal assets, financial accounts, business interests, and liabilities, all verified under oath. It forms part of the broader estate settlement process and must comply with various Philippine laws including the Civil Code, National Internal Revenue Code, and Rules of Court. This declaration is particularly important as it helps prevent the omission of assets and ensures proper tax compliance.

What sections should be included in a Sworn Declaration Of All Properties Of The Estate?

1. Title and Jurisdiction: States the document type and the legal jurisdiction (Philippines)

2. Declarant Information: Details of the person making the declaration, including legal capacity and relationship to the deceased

3. Deceased's Information: Full details of the deceased person, including date and place of death

4. Declaration Statement: Formal statement declaring the completeness and truthfulness of the property listing

5. Real Properties: Comprehensive list of all real estate owned by the deceased at time of death

6. Personal Properties: List of all personal properties including vehicles, jewelry, artwork, and other movable assets

7. Financial Assets: Details of bank accounts, investments, stocks, bonds, and other financial instruments

8. Business Interests: Information about business ownerships, partnerships, and shares in companies

9. Known Liabilities: List of all known debts and obligations of the estate

10. Verification and Oath: Sworn statement affirming the truthfulness and accuracy of the declaration

What sections are optional to include in a Sworn Declaration Of All Properties Of The Estate?

1. Foreign Assets: Section for declaring properties located outside the Philippines (if applicable)

2. Trust Properties: Details of properties held in trust by the deceased (if any)

3. Conjugal Properties: Section specifically addressing properties co-owned with surviving spouse

4. Disputed Properties: Declaration of properties subject to ongoing legal disputes or claims

5. Insurance Policies: Details of life insurance policies and their beneficiaries

6. Agricultural Properties: Specific section for agricultural lands subject to special laws

What schedules should be included in a Sworn Declaration Of All Properties Of The Estate?

1. Schedule A - Real Property Details: Detailed inventory of real properties including titles, locations, and current market values

2. Schedule B - Personal Property Inventory: Itemized list of personal properties with descriptions and estimated values

3. Schedule C - Financial Accounts: Comprehensive list of bank accounts, investments, and other financial instruments

4. Schedule D - Business Interests Documentation: Details of shares, partnerships, and other business interests including valuation

5. Schedule E - Liability Documentation: Detailed list of outstanding debts with supporting documentation

6. Appendix 1 - Property Titles and Deeds: Copies of all relevant property titles and deed certificates

7. Appendix 2 - Financial Statements: Recent bank statements, investment certificates, and other financial documents

8. Appendix 3 - Tax Records: Recent tax declarations and receipts related to declared properties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Ƶ

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions






































Clauses

























Relevant Industries

Legal Services

Real Estate

Banking and Finance

Taxation

Public Administration

Notarial Services

Property Management

Wealth Management

Insurance

Professional Services

Relevant Teams

Legal

Tax Advisory

Wealth Management

Estate Planning

Property Services

Compliance

Document Processing

Client Relations

Financial Advisory

Risk Management

Relevant Roles

Estate Lawyer

Tax Attorney

Probate Counsel

Estate Administrator

Property Assessor

Legal Consultant

Tax Manager

Wealth Manager

Estate Planning Specialist

Notary Public

Court Clerk

Real Estate Attorney

Financial Advisor

Trust Officer

Compliance Officer

Industries








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