17/11/2021
PTPA:
For share; another scenario (again):
May client ako who’s claiming the withheld savings account by the bank under her deceased husband.
Look at the figures below.
P489,555.76 ‘yung GROSS SAVINGS AMOUNT TO BE CLAIMED (‘yun din ‘yung amount of insurance/bond (HEIRS’ BOND) sa illustration).
Pero alam n’yo ba na before makuha ‘yung amount na ‘yan is napakaraming requirements at proseso ang kailangan at mababawasan pa ‘yan?
Need ng: 1). Latest Bank Certificate/Statement of deceased depositor’s account, 2). Extrajudicial Settlement of Estate/Deed of Partition, 3). Affidavit of Publication of the said Extrajudicial Settlement of Estate, 4). Death Certificate of the Deceased, 5). Proof of Relationship of Claiming Heirs, and 6). Security (HEIRS’) Bond/Insurance.
Sa illustration below, P9,024.68 ‘yung cost of HEIRS’ BOND (type of insurance). At gaya nang nasabi ko, babawasan pa ‘yan ng 6% WITHHOLDING TAX ng bank na i-pafile nila sa BIR.
Kaya naman ang total na makukuha at paghahatian na lamang ng mga heirs ay: P451,157.73 almost P39K ang nakaltas agad, wala pa ‘yung naggastos nila sa notario publico/abogado, pagpublish sa dyaryo, pamasahe, at pagod.
Anong punto ko dito? Plan ahead for your retirement and on your untimely demise. Do estate planning. Diversify your funds. Inform your loved ones that you have a SAVINGS ACCOUNT under your name ONLY. Get a LIFE INSURANCE COVERAGE. Inform your loved ones that you have a POLICY. Life insurance proceeds is not subject to TAX.
