The Divorce Property Division Agreement is essential when spouses in Singapore seek to formalize their agreement on asset division during divorce proceedings. This document becomes particularly necessary after an interim judgment for divorce has been granted and before the final judgment. It must align with Singapore's Women's Charter requirements and typically includes detailed provisions for the division of the matrimonial home, financial assets, CPF accounts, and other property acquired during the marriage. The agreement serves as a comprehensive record of the parties' intentions and can be submitted to court for endorsement, making it legally binding and enforceable.
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1. Parties: Identification and details of both divorcing parties
2. Background: Brief history of marriage, divorce proceedings status, and purpose of agreement
3. Definitions: Key terms used tHRoughout the agreement including definition of matrimonial assets
4. Division of Matrimonial Home: Specific arrangements for the matrimonial property including sale or transfer
5. Division of Other Assets: Distribution of other matrimonial assets including investments, vehicles, and personal property
6. Financial Settlement: Details of any lump sum payments or transfer of funds between parties
7. Execution and Effect: Implementation timeline and binding effect of the agreement
1. CPF Division: Division of Central Provident Fund accounts, applicable when parties have CPF assets to be divided
2. Business Interests: Division of business assets and shares, applicable when either party owns business interests
3. Overseas Properties: Division of properties located outside Singapore, applicable when parties own foreign properties
4. Debt Allocation: Distribution of joint debts and liabilities, applicable when there are significant joint debts to be allocated
1. Schedule A - List of Matrimonial Assets: Comprehensive inventory of all matrimonial assets with values
2. Schedule B - Property Valuations: Professional valuations of significant assets including real estate
3. Schedule C - Financial Disclosure: Detailed financial statements from both parties
4. Appendix 1 - Property Documents: Copies of property titles and relevant documentation
5. Appendix 2 - Bank Statements: Recent statements of joint accounts to be divided
Relevant legal definitions
Agreement
Matrimonial Assets
Matrimonial Home
Effective Date
CPF Account
Direct Financial Contributions
Indirect Contributions
Joint Assets
Separate Property
Valuation Date
Final Judgment
Interim Judgment
Transfer Date
Completion Date
Property Transaction
Bank Accounts
Investment Accounts
Insurance Policies
Business Interests
Movable Property
Personal Effects
Pre-marriage Assets
Post-separation Assets
Gifts
Inheritance
Encumbrances
Liabilities
Joint Debts
Market Value
Settlement Sum
Transfer Instrument
Parties
First Party
Second Party
Working Day
Governing Law
Matrimonial Assets
Matrimonial Home
Effective Date
CPF Account
Direct Financial Contributions
Indirect Contributions
Joint Assets
Separate Property
Valuation Date
Final Judgment
Interim Judgment
Transfer Date
Completion Date
Property Transaction
Bank Accounts
Investment Accounts
Insurance Policies
Business Interests
Movable Property
Personal Effects
Pre-marriage Assets
Post-separation Assets
Gifts
Inheritance
Encumbrances
Liabilities
Joint Debts
Market Value
Settlement Sum
Transfer Instrument
Parties
First Party
Second Party
Working Day
Governing Law
Clauses
Division of Matrimonial Home
Asset Distribution
Financial Settlement
CPF Division
Maintenance
Transfer of Ownership
Valuation
Implementation Timeline
Tax Implications
Third Party Claims
Further Assurance
Full and Final Settlement
Non-Variation
Severability
Confidentiality
Costs
Binding Effect
Governing Law
Dispute Resolution
Warranties and Representations
Release and Discharge
Indemnification
Assignment
Notices
Entire Agreement
Amendment
Property Transfer Procedure
Debt Allocation
Bank Account Division
Insurance Policies
Investment Accounts
Business Interests
Personal Effects Distribution
Completion Requirements
Default and Remedies
Asset Distribution
Financial Settlement
CPF Division
Maintenance
Transfer of Ownership
Valuation
Implementation Timeline
Tax Implications
Third Party Claims
Further Assurance
Full and Final Settlement
Non-Variation
Severability
Confidentiality
Costs
Binding Effect
Governing Law
Dispute Resolution
Warranties and Representations
Release and Discharge
Indemnification
Assignment
Notices
Entire Agreement
Amendment
Property Transfer Procedure
Debt Allocation
Bank Account Division
Insurance Policies
Investment Accounts
Business Interests
Personal Effects Distribution
Completion Requirements
Default and Remedies
Relevant Industries
Relevant Teams
Relevant Roles
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