revised share of illegitimate
Post on 24-Jan-2016
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GROSS ESTATET-239195 1,308,750.00T-231852 /2 1,546,875.00T-139657T-64128T-129796 1,584,000.00Total Real Estat 4,439,625.00
MetroBank 1,158,589.92BPI 45,936.08 1,204,526.00TOTAL 5,644,151.00Divided by 2 /2Estate of Eulalio Gumabon 2,822,075.50
Tax:2,000,000.00 135,000.00822,075.50 x 11% 90,428.31Total 225,428.31
Penalty 25% 56,357.08Interest 20% 10 yrs 450,856.62Compromise Penalty 20,000.00
527,213.70 527,213.70Total 752,642.01
Other Expenses:Publication 3 weeks 30,000.00Heirs Bond 10,000.00Attorney's Fee 50,000.00Notarial Fee 2,000.00CPA's fee 10,000.00Attachments 20,000.00Total 122,000.00
Share on Estate Share on Tax
Share on Expenses Net Share
Legitimate Children (6) 1,881,383.67 501,761.34 81,333.33 1,298,289Legal Wife (1) 313,563.94 83,626.89 13,555.56 216,381.49Illegitimate Children (4) 627,127.89 167,253.78 27,111.11 432,763.00
- BPI 60,000.00Due to Illegitimate Children 372,763.00
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