In our past videos, we have discussed the basic concepts of succession and the testamentary succession. You may watch it here;
1. Basic Succession: • [TOPIC 3] BASIC SUCCES...
2. Testamentary Succession: • [TOPIC 4] TESTAMENTARY...
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In this video, we discuss intestate succession. In this succession process, the entire inheritance is given to the compulsory heirs at hundred percent, and no free portion is available for non-compulsory heirs unlike in the testamentary succession. Though there are a lot of similarities between the testamentary and intestate succession, there are also some noticeable differences among them.
Please watch this video for more detailed discussion and for more illustrative examples.
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Also, if you want to learn more about income taxes, please open this playlist and enjoy every video: • Income Taxation (Phili...
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If you want to learn more about business and transfer taxes, watch the following videos:
1. Overview of the National Internal Revenue Taxes: • [TOPIC 1] OVERVIEW OF ...
2. Basic Succession Concepts: • [TOPIC 3] BASIC SUCCES...
3. Testamentary Succession: • [TOPIC 4] TESTAMENTARY...
4. Intestate Succession: • [Topic 5] INTESTATE SU...
5. Causes of Disinheritance: • [TOPIC 6] DISINHERITAN...
6. Gross Estate Valuation of Real Properties, Personal Properties and Usufructuary Rights: • [TOPIC 7] GROSS ESTATE...
7. Gross Estate Valuation of Shares of Stocks: • [TOPIC 8] GROSS ESTATE...
8. Additions to Gross Estate: • [TOPIC 9] ADDITIONS TO...
9. Other Additions to Gross Estate: • [TOPIC 10] GROSS ESTAT...
10. Property of Relations: • [TOPIC 11] GROSS ESTAT...