Municipal Treasurer's Office, Agoo, La Union

‼️KNOWLEDGE 103‼️
🏡How to Transfer a Land Title from a Deceased Parent 🏡
‼️Certain things you need to take care of legally, especially if there is no will created before the parents passed away.
How do you go about the process?
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🔴 Extrajudicial Settlement of the Estate
In order to have the land title transferred, it needs to be settled first in what is legally called the Extrajudicial Settlement of the Estate. The estate is the property involved. The process involves drafting a contract which clearly indicates how the property will be distributed among the heirs. This process is also known as out of court settlement because as the term suggests, the heirs will no longer have to go to court to distribute the properties which the deceased parent/s left.
Following Rule 74, Section 1 of the Rules of Court, the heirs need to secure and execute a Deed of Extrajudicial Settlement of Estate and Adjudication of Estate with the help of a lawyer. However, all heirs must get into an agreement, including those who are not interested in the property. The deed should specify the following information:
🔸The absence of a will
🔸Proof that the deceased parent/s has no debts left
🔸Name and relationship to the deceased; Heirs should be of legal age, otherwise, minors should have a legal representative
🔸Affidavit of self-adjudication, and deed of extrajudicial settlement of estate and adjudication of the estate (should be signed by all the heirs and afterward notarized before a Notary Public)
🔸Description of the property to be divided among the heirs
🔸Bond fixed by the court, should there be personal property involved
After a certain number of weeks, the heirs will have to obtain the certification and publication and have it affirmed and verified by the Bureau of Internal Revenue (BIR). They will release a certificate to the heirs which should be submitted to the Registry of Deeds or Land Registration Authority.
📸© ᴄʀᴇᴅɪᴛꜱ ᴛᴏ ᴛʜᴇ ʀɪɢʜᴛꜰᴜʟ ᴏᴡɴᴇʀ Pinoy Bahay Ideas

*REAL ESTATE PROPERTY INVESTING 101*

WHY TITLING a TAX DEC is so IMPORTANT?

The titling of a property is important for several reasons. Here are some advantages of having a title:

1. Legal Ownership: The title serves as legal proof of ownership. It establishes your rights and claims over the property, allowing you to exercise control, sell, or transfer the property in accordance with the law. Without a title, it can be challenging to prove your ownership and protect your rights.

2. Security and Protection: A title provides security and protection against potential disputes or claims to the property. It helps safeguard your investment and prevents others from making false claims or attempting to take ownership of your property.

3. Access to Financing: Having a titled property can provide you with better access to financing options such as obtaining a mortgage or using the property as collateral for loans. Financial institutions and lenders often require a clear title as it provides assurance that the property can be used as security for loans.

4. Marketability and Value: A titled property is generally more marketable and has a higher value compared to an untitled property. When you decide to sell or lease the property, potential buyers or tenants will have more confidence in the transaction knowing that there is a clear title.

5. Legal Protection: A title ensures that the property is protected under the law. It provides legal recourse in case of disputes, encroachments, or other issues related to the property. Having a title allows you to seek legal remedies and protections available for titled properties, which may not be accessible to properties without titles.

6. Inheritance and Estate Planning: A titled property simplifies inheritance and estate planning. With a title, it is easier to transfer ownership to heirs or beneficiaries and ensure a smooth transition of the property upon your passing.

In summary, having a title provides legal recognition, security, marketability, and protection for your property. It establishes your rights as the rightful owner and offers various advantages, making it an essential document for property owners. It's important to undergo the proper titling process to obtain a title and enjoy these benefits.

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Pakaammo Kakailian:

With the directive of Mayor Frank O. Sibuma and with the support of Sangguniang Bayan Members headed by Vice Mayor Antonio Eslao, the Local Government Unit of Agoo La Union granted the Moratorium in the payment of Annual Five Percent (5%) increase in the stall rentals of all LGU owned enterprises as an Economic Relief to business Owners.

Good News to all Business Taxpayers:

📌Renewal of Business Permits is EXTENDED!
🗓 Until February 28, 2023
📍 Municipal Treasurer's Office, Agoo, La Union (Business Permits and Licensing Office, Window 9-12)

Maari ring mag-apply online sa pamamagitan ng Integrated Business Permits and Licensing System, bisitahin lang ang https://prod4.ebpls.com/agoolaunion/index.php/businessPermit/Application

PAKAAMMO:

Good news to all Businessmen:

For easier application or renewal of business permits and better public service, Business Permits and Licensing Office, Agoo, La union now offers online payments via www.landbank.com.

Here are the 6 easy steps to complete the online payment.

LGU-AGOO BAGS THREE AWARDS ON COLLECTION EFFICIENCY

The Local Government of Agoo, La Union, under the leadership of Mayor Stefanie Ann Y. Eriguel-Calongcagon has received three awards during the La Union’s League of Municipal Treasurer's Meeting on March 25, 2022 at Bacnotan Farmers Agri-Tourism Center, Bacnotan, La Union based on the 2020 Collection Efficiency of Locally Sourced Revenues.

The hard works of the Municipal Treasurer’s Office of LGU in enhancing the local revenue generation and in stirring the financial state of Municipality of Agoo with the notable strategy of the Municipal Treasurer, Elena M. Oribello have paid off as they received the plaque of recognition for being the Top Performing LGU in Collection Efficiency for Local Economic Enterprises Financial Income , Top Performing LGU in Collection Efficiency for Local Fees and Charges both for 1st Class Municipality Category and the Overall Top Performing LGU In Collection Efficiency in the Province of La Union.

The said plaques were awarded by the Provincial Treasurer, Ms. Janet D. Molina in behalf of the Provincial Governor Francisco Emmanuel “Pacoy” R. Ortega III. Aside from the plaques, LGU-Agoo was also awarded one desktop computer set and three printers.

The Collection Efficiency is based on the estimated total revenue set for every LGU against its total revenue billed. Local Sourced Revenue includes real property taxes, business and other taxes, and economic enterprises.