Nonato Nonato Nonato-Luciano and Luciano Law Offices conducted a successful seminar on Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) Law last January 27, 2018. The seminar was held in Palmbeach Resort & Spa and attended by many of the firm's clients and other companies. #TRAINLaw #cebulawofficePhilippinelaborcompliance #CebuBusiness #Cebuinvestments #cebulawoffice #CebuLawyers #cebulawfirm #Philippineslawyer #PhilippineTax #EstateTax

It is of common knowledge that settling the estate of a deceased family member or relative judicially can be very costly and can take years. However, not all estates need to be settled judicially. Under Section 1 of Rule 74 of the Philippine Rules of Court, the extrajudicial settlement of an estate is possible as long as the following requisites are present: The decedent left no will; The decedent has no debts or his debts have been fully paid; The heirs are all of legal age