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.
Tag Archives: estate tax
From Forebears to Heirs: Bequeathing Property in the Philippines
This article serves as a guide for Filipino-Americans and other expatriates regarding inheritance, estate taxes, and property transfers in the Philippines. It outlines the legal processes for transferring estates with or without wills, highlights the need for estate tax payments, and emphasizes the importance of planning and seeking legal advice to avoid disputes.
Guide to Owning Property in the Philippines as a NRF or Dual Citizen
The article discusses property ownership in the Philippines for Filipinos living abroad, including dual citizens and non-resident Filipinos. It outlines their rights, legal considerations, tax obligations, and the importance of proper title registration. It emphasizes the need for legal guidance to navigate the intricacies of real estate transactions.
How to Sell the Property of a Dead Relative
The article emphasizes the inevitability of death and the challenges of settling a deceased person’s estate, particularly in the Philippines. It stresses the complexity and importance of proper estate settlement. It advises on the crucial steps and legal considerations for heirs, along with the significance of availing the Estate Tax Amnesty.
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