Learn how to revive expired corporations in the Philippines under SEC MC No. 23. This is a step-by-step guide, list of documentary requirements, and legal effects of the revival explained.
Tag Archives: estate planning attorney
Leveraging the One Person Corporation: A Game-Changer for Estate Planning in the Philippines?
The article discusses the One Person Corporation (OPC) in the Philippines, highlighting its benefits such as limited liability protection, simplified management, and estate planning advantages for real estate consolidation. It also addresses potential drawbacks like access to capital and personal liability risks, while emphasizing the importance of strategic succession planning and professional guidance.
Now is the Time to Talk About Your Estate Plan
Estate planning is an act of love and care. In the Philippines, it is crucial to consider the welfare of your family and business venture in the event of sudden incapacity or death. Research thoroughly, understand basic tools, assess family needs, and involve trusted relatives. Finally, seek professional guidance to create a personalized estate plan for peace of mind.
Understanding Joint Wills and the Alternatives for Couples in the Philippines
While joint wills are prohibited in the Philippines, couples have alternative options to effectively execute their last will and testament. Separate wills, mutual wills, and trusts are recognized under Philippine law and can provide couples with the flexibility to express their individual wishes and preferences for the distribution of their assets after their deaths.
Cultivating Your Legacy: Understanding Probate and the Role of Wills in Estate Planning
Executing a will may be a part of the estate planning process. But it is likewise important to consider ways to avoid the probate process, such as revocable living trusts, gifting, and beneficiary designations.
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