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Extra Judicial Settlement With Waiver

Extra judicial settlement required by banks for the release to the heirs of decedent's bank accounts
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80% found this document useful (10 votes)
13K views3 pages

Extra Judicial Settlement With Waiver

Extra judicial settlement required by banks for the release to the heirs of decedent's bank accounts
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH WAIVER

AND RENUNCIATION OF RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

That this Deed of Extrajudicial Settlement of Estate with Waiver and


Renunciation of Rights, entered into this ________ day of May 2019, in Pio V.
Corpus, Masbate, made and executed by and among legal and compulsory heirs
of the deceased Yolanda Raypan Mativo-Dollison, namely:

1. VICTORINO TABLANTE DOLLISON, JR., widower, of legal age,


Filipino citizen and a resident of Poblacion, Pio V. Corpus, Masbate;

2. VICTORINO MATIVO DOLLISON III, married to Ma. Concepcion B.


Longares-Dollison, of legal age, Filipino citizen and resident of Unit 6,
Sunray’s Townhomes, Carmencita Village, San Pedro Ext., Talon Tres,
Las Piñas City;

3. SHIELA MAY MATIVO DOLLISON-AGLAY, married to Ariel Aglay, of


legal age, Filipino citizen and resident of Poblacion, Pio V. Corpus,
Masbate;
4.
5. CLEMENTE MATIVO DOLLISON, married to _____full name of ate
yvette________, of legal age, Filipino citizen and resident of Poblacion,
Pio V. Corpus, Masbate;

6. VICTORINO MATIVO DOLLISON IV, married to _____full name of ate


telay________, of legal age, Filipino citizen and resident of Poblacion,
Pio V. Corpus, Masbate;

7. SHIELA JOY MATIVO DOLLISON-BARCELONA, married to


_____Barcelona, of legal age, Filipino citizen and resident of Poblacion,
Pio V. Corpus, Masbate;

WITNESSETH, that:

WHEREAS, YOLANDA MATIVO DOLLISON, died intestate on March ___,


2019 at Masbate City, Masbate (copy of her death certificate is hereto attached as
Annex “A”) without Will or testament and without any debt in favor of any person
or entity;

WHEREAS, her only surviving legal and compulsory heirs are the herein
parties, namely:
VICTORINO T. DOLLISON, JR. – husband
VICTORINO M. DOLLISON III - son
SHIELA MAY M. DOLLISON-AGLAY – daughter
CLEMENTE M. DOLLISON – son
VICTORINO M. DOLLISON IV – son
SHIELA JOY M. DOLLISON-BARCELONA– daughter

WHEREAS, the deceased left a bank account with Development Bank of


the Philippines (DBP), Masbate City with Savings Account No. 0625-
540528-530;

WHEREAS, in view of the above facts and circumstances, the


abovementioned legal heirs are therefore co-owners of the
value/proceeds/money in the abovementioned bank account by virtue of the law
on succession.

Page 1 of 3
WAIVER OF RIGHTS

WHEREAS, We, VICTORINO M. DOLLISON III, SHIELA MAY M. DOLLISON-


AGLAY, CLEMENTE M. DOLLISON, VICTORINO M. DOLLISON IV and SHIELA JOY
M. DOLLISON-BARCELONA (whose personal circumstances are mentioned above)
have agreed and covenanted to CEDE, TRANSFER and CONVEY our respective
shares/inheritance in the proceeds of the abovementioned DBP Savings Account
No. 0625-540528-530 unto our co-heir/father VICTORINO TABLANTE
DOLLISON, JR. (whose personal circumstances are mentioned above);

NOW, THEREFORE, for and in consideration of the foregoing premises,


we waived and renounced, as by these presents, we hereby WAIVE and
RENOUNCE our respective shares, rights and participation, as stated above,
over the above-mentioned DBP Savings Account No. 0625-540528-530 in favor
of our father Victorino T. Dollison, Jr..

IN WITNESS WHEREOF, we have hereunto set our hands on the date


and place first written above.

_________________________ ________________________
VICTORINO T. DOLLISON, JR. VICTORINO M. DOLLISON III
TIN No. TIN No.

_________________________ ________________________
SHIELA MAY M. DOLLISON-AGLAY CLEMENTE M. DOLLISON
TIN No. TIN No.

_________________________ ________________________
VICTORINO M. DOLLISON IV SHIELA JOY M. DOLLISON-BARCELONA
TIN No. TIN No.

SIGNED IN THE PRESENCE OF:

1. __________________________ 2. ____________________________

Page 2 of 3
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )


PROVINCE OF MASBATE ) S.S.
CITY/MUNICIPALITY OF )

BEFORE ME, a Notary Public for and in the City/Municipality of


_____________________________________, on this ____day of May 2019 personally
appeared the following persons, who are identified by me through competent
evidence of identity::

Name Competent Evidence of Identity Date/Place Issued


VICTORINO T. DOLLISON, JR.__________________________________ ____________________________

VICTORINO M. DOLLISON III __________________________________ ____________________________

SHIELA MAY D. AGLAY __________________________________ ____________________________

CLEMENTE M. DOLLISON __________________________________ ____________________________

VICTORINO M. DOLLISON IV__________________________________ ____________________________

SHIELA JOY D. BARCELONA __________________________________ ____________________________

known to me and to me made known to be the same persons who executed the
foregoing instrument and acknowledged to me that the same is their own free
voluntary act and deed.

This instrument refers to a Deed of Extrajudicial Settlement of Estate with


Waiver and Renunciation of Rights, consisting of three (3) pages including this
page on which the acknowledgment is written and duly signed by the parties and
their instrumental witnesses.
WITNESS MY HAND AND NOTARIAL SEAL on the date and place first
above written.

Doc. No. _______


Page No. _______
Book No. _______
Series of 2019

Page 3 of 3

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