What is an Heir’s Bond ?

heir's bond

What is an Heir’s Bond ?

Heir’s Bond: Broadly speaking, the term “heir” includes all persons, whether relatives or not, who succeed or inherit from a deceased person either by will or under the laws  of intestate succession (when the decedent left not will). The “estate” of the deceased constitutes the mass or totality of properties, whether real or personal, including the transmissible rights and obligation of the deceased.

This has been a requirement of Buyers when the property they are buying is coming from an extra judicial settlement.   When a new title goes through Estate Taxes and Extra Judicial Settlement, an annotation called ” Section 4, Rule 74, Rules of Court is annotated on the title.

Due diligence must be done on the history of the deceased person as one may never know who may have a claim on the property and it’s to the disadvantage of the new owner when this issue arises.  Thus, the need for an “Heir’s Bond”.

The coverage for the policy ( Heir’s Bond ) should be the amount the property was purchased for and the standard terms is two years as that’s the length of time any party / ies could pursue their claim on the property as dictated by law.

There are several companies in the Philippines offering this coverage, it pays to shop around as the rates vary.

It’s best to consult an Insurance Brokerage Company for this need.


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Thank you.

Robert G. Sarmiento Properties
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