A Divorce Financial Consent Order is utilized when divorcing couples in Singapore have reached agreement on their financial matters and seek court approval to make their agreement legally binding. The document typically follows divorce proceedings and is submitted to the Family Justice Courts for approval. It comprehensively addresses the division of matrimonial assets including property, savings, investments, CPF accounts, and maintenance obligations. The order must comply with Singapore's Women's Charter and related legislation, and once approved, provides a clear framework for implementing the agreed financial arrangements and prevents future disputes.
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1. Parties: Details of both parties to the divorce
2. Background: Details of marriage, divorce proceedings, and reason for consent order
3. Definitions: Key terms used tHRoughout the order
4. Property Division: Distribution of matrimonial home and other real property
5. Financial Assets: Division of savings, investments, and CPF accounts
6. Maintenance Provisions: Details of any ongoing maintenance payments
1. Business Interests: Division of business assets, used when parties own business together or when either party owns business assets
2. Pension Arrangements: Division of pension or retirement benefits beyond CPF arrangements
3. Debt Distribution: Allocation of joint debts and liabilities between parties
1. Schedule 1: Property Details: Detailed listing of all real property and their agreed values
2. Schedule 2: Financial Assets: Complete list of bank accounts, investments, and CPF accounts
3. Schedule 3: Personal Property: List of significant personal property to be divided
4. Appendix A: Valuation Reports: Professional valuations of significant assets
5. Appendix B: Payment Schedule: Detailed schedule of any lump sum or periodic payments
Relevant legal definitions
Agreement
Assets
Court
CPF
Decree Absolute
Effective Date
Family Justice Courts
Financial Relief
HDB Property
Joint Assets
Lump Sum Payment
Maintenance
Matrimonial Assets
Matrimonial Home
Parties
Payment Date
Petitioner
Private Property
Respondent
Separation Date
Specified Property
Transfer Date
Business Assets
Children
Company
Costs
Investment Portfolio
Life Insurance Policy
Pension Benefits
Personal Effects
Private Vehicle
Professional Practice
Retirement Benefits
Share Transfer
Trust Property
Assets
Court
CPF
Decree Absolute
Effective Date
Family Justice Courts
Financial Relief
HDB Property
Joint Assets
Lump Sum Payment
Maintenance
Matrimonial Assets
Matrimonial Home
Parties
Payment Date
Petitioner
Private Property
Respondent
Separation Date
Specified Property
Transfer Date
Business Assets
Children
Company
Costs
Investment Portfolio
Life Insurance Policy
Pension Benefits
Personal Effects
Private Vehicle
Professional Practice
Retirement Benefits
Share Transfer
Trust Property
Clauses
Recitals
Interpretation
Matrimonial Home Division
Asset Distribution
CPF Arrangements
Maintenance Provisions
Implementation
Financial Disclosure
Tax Provisions
Court Orders
Full and Final Settlement
Business Interest Division
Pension Arrangements
Investment Portfolio Division
Debt Allocation
Life Insurance
Sale of Property
Property Transfer
Vehicle Distribution
Personal Effects Division
Bank Account Division
Further Assurance
Non-Variation
Costs
Foreign Asset Distribution
Trust Arrangements
Business Valuation
Professional Practice Division
Overseas Property
Joint Investment Liquidation
Share Transfer
Interpretation
Matrimonial Home Division
Asset Distribution
CPF Arrangements
Maintenance Provisions
Implementation
Financial Disclosure
Tax Provisions
Court Orders
Full and Final Settlement
Business Interest Division
Pension Arrangements
Investment Portfolio Division
Debt Allocation
Life Insurance
Sale of Property
Property Transfer
Vehicle Distribution
Personal Effects Division
Bank Account Division
Further Assurance
Non-Variation
Costs
Foreign Asset Distribution
Trust Arrangements
Business Valuation
Professional Practice Division
Overseas Property
Joint Investment Liquidation
Share Transfer
Relevant Industries
Relevant Teams
Relevant Roles
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