Advise Needed!!! Selling Property

[_Cathy_]

Even in families that get along well, sometimes nasisira din because of people who marry into the family, and lumalabas lang yung totoong ugali nung asawa later on. Sometimes, even the kids are used as “weapons”...

Isa pa yan! In laws na nilalayo or sinisira ang mga asawa nila from their family.

a family i know,
the matriarch dies.
"ninong, maganda naman ang tayo nyo diyan. wag na kayo sumama dito. kami na lang ang maki-mana dito."
"anukayo! para sa anak ko ang manang 'yan! can you guarantee he will be as successful in life as i am?"

In the case of my Tita Greedy (Dad's sister), I should waive my rights since apo lang ako at hindi anak

I have an Aunt naman (Mom's sister) voluntarily waived on PH properties (sa proceeds hindi na siya humahati). I wish to be on that level of financial success. hehehe.

Most families with assets go through this. Arm urself with a good lawyer.

Im expecting this as well as our family has significant land assets, company holdings, partnerships, on going businesses, etc.

Thats why i made it on my own. Gambled a lot during my early years on real estate. Everything else will be gravy. But even that will be a struggle.

Lesson for me is to liquidate most if not all before i go..and divide na while i am alive.

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Yes, that's why I think sulit na what I spent for my lawyer. He's UP law and used to hold a position in government so I trust him to protect my interest well.

Another issue is I don't have an heir and I want my assets to go to my direct bloodline naman or at least my spouse.

I rmember my lolo/lola transfer all their property belongings before they turn 80 to my erpat and titas and equally divided it, this make it easier eventually when they oassed away in their early 90’s.

my erpat is now late 70's and I started discussing with him to do the same before things become an issue later on.

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when my parents died, they were literally dirt-poor.
all the assets had already been transferred to us.

I want to clarify lang, may estate planning naman kami. lol. My grandparents already gave assets to their children/separate individual properties. These properties na may issue are properties that were transferred to ALL HEIRS (multiple names sa title)

These are properties that have been in our family for centuries and the surrounding properties are also owned by relatives. Dati kasi it was kept in the family kasi the siblings/relatives would just buy out each other. Unfortunately, sa line ng Lolo, sa generation namin, we don't have enough cash to buy each other out. Yung Tita Greedy ko, siya ang nagi insist to sell because she badly needs cash at lahat kami nakikisama lang.

Wala na sa control ng grandparents ko na hindi magkasundo ang heirs, buhay pa sila, they did their part which is to transfer and equally divide the properties to their heirs. May natira konti properties that were not transferred but the value isn't significant.