View source for Property Inheritance Limitation Act for Public Officials' Heirs (Proposed)

Across generations, public office has too often served as a gateway to unchecked accumulation of wealth, quietly passed on to heirs with no regard for public trust, origin of funds, or social equity. To disrupt this cycle and restore balance between privilege and responsibility, this proposed law sets a definitive cap on the amount of inheritance that legal heirs of elective and appointed public officials may receive.

Under the '''Property Inheritance Limitation Act''', legal heirs shall be limited to a maximum inheritance of '''₱10 million''', covering the total value of real estate, cash holdings, investments, and all other tangible or intangible assets. The amount shall be divided equally among all eligible heirs. For example, two children may inherit ₱5 million each; if there are three, each shall be entitled to approximately ₱3.33 million. ''The ₱10 million can be changed to any amount just enough for retirement.''

To ensure fairness, the law provides clear exemptions: any assets declared in the official’s first filed '''Statement of Assets, Liabilities, and Net Worth (SALN)''' or income proven through official '''Income Tax Returns (ITRs)''' will not be subject to the ₱10 million limit.

'''As a demonstration of ethical leadership, all members of ''The Great Nation 2025 Political Party'' shall execute a sworn affidavit committing that their heirs will inherit no more than ₱10 million - or any amount deemed reasonable solely for retirement and modest living.''' This public declaration of voluntary limitation reinforces the party’s foundational principle: that public office must never be used as a vehicle for private empire-building.

This measure does not criminalize legitimate wealth but introduces a moral and constitutional ceiling to protect the Republic from dynastic accumulation and undisclosed enrichment. It promotes the idea that public service is not a family business - and that legacy should be built on merit, not on untraceable inheritance.

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