EXPLAIN THE FOLLOWING IN TAGALOG (OWN WORDS/UNDERSTANDING)   EXPLANATON IN TAGALOG(OWN WORDS/UNDERSTANDING) Losses These pertains to losses of properties of the estate during the settlement of the estate

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EXPLAIN THE FOLLOWING IN TAGALOG (OWN WORDS/UNDERSTANDING)

	EXPLANATON IN TAGALOG(OWN WORDS/UNDERSTANDING)
Losses These pertains to losses of properties of the estate during the settlement of the estate. These may arise from casualty such as fires, storms, shipwreck, robbery, theft or embezzlement when such losses are not compensated for by insurance.
1.Family benefit rule If the obligation was contracted or incurred for the benefit of the family, the claim shall be classified as deduction against common property. Otherwise, the property classification rule shall be applied. Examples: a. A mortgage which was contracted for the education of the children of the spouses shall be deducted against common properties even if the same is constituted against a separate property of either spouse. b. An unpaid real property tax on the family home shall be deducted against common property even if the family home is a separate property of either spouse. c. Obligations constituted for the medication or other support expenses of any family member shall be considered deductions against common properties.
2. Property classification rule Claims follow the classification of the relevant property.   Examples: a. A mortgage or unpaid taxes on property inherited or acquired before marriage shall be classified following the classification of the property based on the applicable family regime of the spouses. b. An obligation arising from exclusive property shall be considered as deduction from exclusive properties unless it accrued or was used for the benefit of the family.