The Marital Settlement Agreement is utilized in Singapore when married couples seek to formalize their divorce arrangements tHRough mutual agreement. This document, regulated under Singapore's Women's Charter and related laws, provides a structured approach to resolving matrimonial issues including asset division, maintenance, and child custody. It serves as a crucial tool for couples who wish to avoid contested court proceedings and prefer to mutually agree on settlement terms. The agreement must comply with Singapore's legal requirements and can be used as the basis for divorce proceedings or incorporated into the final judgment.
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1. Parties: Identification and details of both spouses
2. Background: Marriage details, separation circumstances, and purpose of agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Division of Matrimonial Assets: Detailed allocation of joint assets and properties
5. Financial Settlement: Terms of financial arrangements including maintenance
6. Governing Law: Specification of Singapore law as governing jurisdiction
1. Child Custody Arrangements: Used when there are children from the marriage, detailing custody, care and access arrangements
2. CPF Division: Required when CPF savings need to be divided
3. Business Interests: Needed when either party has business ownership to be divided
4. International Assets: Required when parties have assets in other jurisdictions
1. Schedule of Assets: Comprehensive list of all matrimonial assets and their agreed values
2. Property Details: Details of real estate properties including ownership documents
3. Financial Disclosure: Complete financial statements from both parties
4. Child Care Schedule: Detailed visitation and care arrangements for children
5. Maintenance Payment Schedule: Schedule of maintenance payments including dates and amounts
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