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Divorce Asset Agreement Template for Ireland

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Key Requirements PROMPT example:

Divorce Asset Agreement

"I need a Divorce Asset Agreement under Irish law to handle division of multiple properties (including holiday homes in Spain and France), two family businesses, and investment portfolios, with the agreement to be executed by March 2025."

Document background
The Divorce Asset Agreement is a crucial legal document used in Irish divorce proceedings to formalize the division of matrimonial assets between separating spouses. It becomes necessary when couples pursue divorce under Irish law and need to establish a clear, legally binding arrangement for asset distribution. The agreement must comply with the Family Law (Divorce) Act 1996 and related Irish legislation, requiring careful consideration of all matrimonial assets including real estate, personal property, financial accounts, pensions, and business interests. It serves as a comprehensive record of the agreed terms and can be presented to the court as part of divorce proceedings. The document typically results from negotiations between parties, often with professional legal and financial advice, and may incorporate mediated settlements. Its primary purpose is to ensure proper provision for both parties while providing certainty and finality in asset division matters.
Suggested Sections

1. Parties: Identification of both parties and their current residential addresses

2. Recitals: Background of marriage, separation date, and basis for divorce

3. Definitions and Interpretation: Key terms used throughout the agreement and their meanings

4. Real Property Division: Division of family home and any other real estate, including provisions for sale or transfer

5. Personal Property Division: Division of household contents, vehicles, and personal effects

6. Financial Assets: Division of bank accounts, investments, savings, and other financial assets

7. Pension Arrangements: Treatment of pension rights and pension adjustment orders

8. Debts and Liabilities: Allocation of joint debts and individual liabilities

9. Maintenance and Financial Support: Any ongoing financial support arrangements between parties

10. Tax Provisions: Tax implications and responsibilities arising from the asset division

11. Implementation: Timeframes and procedures for implementing the agreement

12. Future Obligations: Ongoing obligations and responsibilities of both parties

13. Binding Effect: Legal binding nature of the agreement and certification requirements

14. Governing Law: Confirmation of Irish law governance and jurisdiction

Optional Sections

1. Business Interests: Division of business assets and ongoing business arrangements where applicable

2. International Assets: Treatment of assets located outside Ireland

3. Inheritance and Trust Interests: Division of inherited assets or trust benefits

4. Intellectual Property Rights: Division of any intellectual property owned by either party

5. Life Insurance Policies: Arrangements regarding existing life insurance policies

6. Future Asset Acquisition: Treatment of assets acquired after separation but before divorce

7. Digital Assets: Division of cryptocurrency, online accounts, and other digital assets

8. Pets and Animals: Arrangements for family pets where applicable

Suggested Schedules

1. Schedule 1 - Real Property: Detailed listing of all real estate properties with legal descriptions and agreed values

2. Schedule 2 - Personal Property: Itemized list of significant personal property items and their allocation

3. Schedule 3 - Financial Accounts: Complete list of all bank accounts, investments, and financial products

4. Schedule 4 - Pension Details: Specific details of pension arrangements and division

5. Schedule 5 - Business Assets: Detailed inventory of business assets and division arrangements if applicable

6. Schedule 6 - Outstanding Debts: Comprehensive list of all debts and their allocation

7. Appendix A - Valuations: Professional valuations of significant assets

8. Appendix B - Tax Calculations: Detailed tax implications and calculations

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
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Legal Services

Financial Services

Real Estate

Professional Services

Banking

Insurance

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Mediation Services

Relevant Teams

Legal

Family Law

Dispute Resolution

Property Services

Financial Advisory

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Tax Advisory

Compliance

Document Processing

Client Services

Mediation

Relevant Roles

Family Law Solicitor

Divorce Attorney

Legal Counsel

Family Law Partner

Legal Associate

Financial Advisor

Wealth Manager

Tax Consultant

Property Valuer

Pension Advisor

Mediator

Legal Document Specialist

Compliance Officer

Court Registrar

Family Law Paralegal

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