UNDER TRAIN LAW (RA 10963)

PROPERTY RELATION

QUESTIONS:

1.Pedro died on November 1, 2018, leaving the following properties:

A parcel of land inherited during marriage from his father who died on December 30, 2014

oFair market value in 2010 - Php 3,500,000

oFair market value in 2014 - Php 5,000,000

oMortgage assumed and paid by Pedro - Php 500,000

Conjugal properties valued at Php 20,000,000

Deductions claimed against the estate:

oFuneral expensesPhp 400,000

oJudicial expensesPhp 800,000

oCasualty loss incurred ten (10) months after deathPhp 3,500,000

oUnpaid taxesPhp 2,000,000

oOther claims against the estatephp 4,500,000

How much is the share of the surviving spouse?

a.Php 10,000,000

b.Php 4,500,000

c.Php 5,250,000

d.Php 5,000,000

1.USE THIS FOR THE NEXT TWO QUESTIONS:

A married decedent who was under absolute community of properties died on October 15, 2018. His estate provided the following information:

Real properties inherited during marriage from his fatherPhp 500,000

Real property given as gift by his uncle during marriagePhp 1,500,000

Land received as donation during the marriagePhp 500,000

House built on the donated land using communal fundPhp 900,000

Cash income from the real property received as giftPhp 100,000

Real properties acquired by the spouses during the marriagephp 1,500,000

Real propertied received by the surviving spouse before the marriagePhp 1,800,000

Personal properties acquired during the marriagephp 1,000,000

The following were considered as deductions from the gross estate:

Actual funeral expensesPhp 100,000

Judicial expensesPhp 150,000

Medical expensesphp 200,000

Obligations incurred before marriage that benefited the community properties Php250,000

Claims against insolvent debtorPhp 50,000

Unpaid mortgage on inherited landPhp 100,000

Loss of car through theft on December 31, 2014 (part of personal properties acquired during marriage)Php 300,000

Unpaid realty tax on real property received as gift from his unclePhp 30,000

Additional information:

oThe value of the real properties at the time of inheritance was Php 300,000

oThe value of the real property received as gift from an uncle was Php 1,000,000 at the time of donation

oThe donated land and the house built on it were certified as the family home of the decedent and his family by the Barangay Captain in the locality where they were situated

How much was the total exclusive property?

a.Php 2,100,000

b.2,600,000

c.3,100,000

d.None of the above

How much was the total community property?

e.3,450,000

f.5,250,000

g.5,750,000

h.None of the above