Affidavit Of Assets Template for Singapore

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Key Requirements PROMPT example:

Affidavit Of Assets

"I need an Affidavit of Assets for my upcoming divorce proceedings in Singapore, specifically detailing my property investments, cryptocurrency holdings, and overseas bank accounts, to be submitted by March 2025."

Document background

The Affidavit of Assets is a crucial legal document in Singapore's legal system, primarily used when a comprehensive declaration of an individual's financial position is required. This sworn statement must detail all assets, including real estate, vehicles, bank accounts, investments, and valuable personal property. The document is commonly required in divorce proceedings, bankruptcy cases, estate matters, or when ordered by the court. The affidavit must be properly executed before a Commissioner for Oaths and comply with Singapore's legal requirements, including the Oaths and Declarations Act and Rules of Court. Making false declarations in an Affidavit of Assets can result in serious legal consequences, including penalties for perjury.

Suggested Sections

1. Title and Introduction: Identifies the document as an affidavit and provides deponent details

2. Personal Information: Deponent's full name, NRIC/passport number, address, and occupation

3. Purpose Declaration: States the purpose for which the affidavit is being made

4. List of Assets: Comprehensive listing of all relevant assets with values

5. Declaration of Truth: Sworn statement that all information provided is true and accurate

6. Signature and Date: Space for deponent's signature and date of execution

7. Attestation: Commissioner for Oaths' certification and stamp

Optional Sections

1. Liabilities Section: List of debts and obligations (required for bankruptcy proceedings)

2. Income Declaration: Details of regular income (relevant for matrimonial or bankruptcy matters)

3. Business Interests: Declaration of business ownership and interests (if applicable)

4. Foreign Assets: Details of assets held outside Singapore (if any)

Suggested Schedules

1. Bank Statements: Recent statements from all bank accounts

2. Property Valuations: Official valuations of real estate assets

3. Vehicle Registration Documents: Proof of vehicle ownership and value

4. Investment Portfolios: Statements showing securities and investment holdings

5. Supporting Documents: Any additional documentation proving ownership or value of assets

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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Authors

Alex Denne

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