My Disclaimer
Disclaimer
Last updated: August 10, 2025
The information provided on this website is for general informational purposes only. While every effort has been made to ensure the accuracy, reliability, and completeness of the information, Sarah Songalia and her affiliated entities make no representations or warranties, express or implied, about the suitability, reliability, or accuracy of the content provided.
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Any references to financial products, markets, or investments are for informational purposes only. All investments carry inherent risks, and past performance is not a guarantee of future results.
Limitation of Liability
Under no circumstances will Sarah Songalia, her affiliates, or her team be liable for any direct, indirect, incidental, special, or consequential damages arising out of the use or inability to use this website or its contents.
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Updates to This Disclaimer
We reserve the right to modify or update this disclaimer at any time without prior notice. Please review this page periodically to stay informed about any changes.
“Use at Your Own Risk” Disclaimer
All information in the Service is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose.
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Frequently Asked Questions
Sarah Songalia is a Philippine CPA, CTEP®-certified estate planner, RFC, FChFP, CMC, and MDRT Lifetime Member with over 25 years of experience. She is the Managing Director of SS & Associates, Program Director of the Entrepreneurs Accounting Academy, founder of Quenta Technologies, and currently serves as President of ACPAFSI.
CTEP® stands for Chartered Trust and Estate Planner. It is a professional designation for estate and trust planning requiring rigorous training in Philippine estate law, taxation, insurance, and succession structures — one of the rarest and most relevant credentials for this work in the Philippines.
Under the TRAIN Law (RA 10963), the estate tax rate is a flat 6% on the net taxable estate after allowable deductions, including a standard deduction of ₱5,000,000. Without proper planning, business owners can face significant liquidity challenges when heirs need to pay this tax.
Yes. Life insurance proceeds paid to a named irrevocable beneficiary are generally exempt from estate tax in the Philippines. They also provide immediate cash to pay the estate tax and maintain business operations while the estate is being settled.
