In this story, everything could have turned out differently because the situation is contested. However, accepting gifts from people in exchange for something is concerning. Interested parties can prove that the transaction is for compensation.
Now you know that a gift deed can be revoked, challenged and canceled for a number of reasons. These include improper execution of documents, breach of the essence of the gift agreement, or misconduct by the donee.
The topic of death is taboo in society. People are not used to talking about this. However, many people sooner or later face a situation where a relative dies and savings, loans, and possibly debts are inherited. How to understand them and what to do with them?
will decision
testamentary disposition
Can I withdraw money from a deceased relative?
Deposits and bank cards
Loans and Debt
life insurance
pension
How to check debts, savings and loans of a deceased person
How to learn about deposits and savings
How to check the debt status of a philippine whatsapp number deceased relative
Can I check your credit history?
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image of money from deceased loved ones
Sometimes you want someone to tell you what to do in a difficult situation. Source: Shutterstock
will decision
If a person leaves a will distributing specific amounts and shares of property among relatives, then the situation becomes several times simpler: just wait until the moment of inheritance.
There is no need to argue with anyone, prove to relatives your rights to the funds you are owed, etc. Everything is governed by Chapter 62 of the Civil Code.
testamentary disposition
Don’t worry if you hear the term “testamentary disposition” from a notary. The difference with a will is that only the finances of a specific bank (deposits, funds on accounts and cards, etc.) can be transferred to heirs through a will.
Otherwise, disposition is no different from volition. The procedure for its preparation and the rights of relatives are set out in Article 1. Article 1128 of the Civil Code.
