Document background
The Divorce Property Settlement Agreement is a crucial document used when spouses in Singapore have reached consensus on how to divide their matrimonial assets during divorce proceedings. It must align with the Women's Charter and Singapore's divorce laws, which emphasize fair and equitable distribution based on both direct and indirect contributions to the marriage. The agreement typically includes detailed provisions for the division of property, financial assets, CPF accounts, and personal belongings, while considering factors such as the length of marriage, financial and non-financial contributions, and the welfare of any children. This document serves as a formal record of the agreed terms and can be submitted to the court for approval as part of the divorce process.
