If the MPIC shares are held in a scripless or electronic form, you should get in touch with the broker responsible for handling the deceased relative’s electronic shares. Provide the necessary documentation as requested and follow the instructions given by the broker.
If the MPIC shares are held in physical securities, submit the following additional documents to the Tender Offer Agent:
- Certified true copy of the stockholder’s Death Certificate.
- A two-year heir’s bond issued by a duly accredited bonding company in an amount equivalent to the total estimated market value of the shares left by the deceased and the expected dividends thereon for the two-year period.
- Certification confirming the estate tax payment from the BIR or the appropriate Philippine Embassy/Consulate if non-resident, or a tax-exemption certification from the Philippine Consulate Office if applicable.
- In addition, please provide the following documents based on whether the estate is settled judicially or extrajudicially:
|If the estate is settled judicially
|If the estate is settled extrajudicially
Kindly note that if the deceased shareholder is a non-resident, all the required documents for submission must be duly authenticated by the proper officer of the Philippine Embassy or Consulate or apostilled in accordance with the Apostille Convention.
Please note that the process of tendering MPIC shares of a deceased relative can be lengthy and complex. Therefore, it is advisable for the heir/s to act promptly and seek assistance from a lawyer or a financial expert to ensure all required documents are properly prepared and submitted.