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Property Separation Agreement
"I need a Property Separation Agreement to divide a 3-bedroom condominium in Singapore and various financial assets including CPF accounts between me and my spouse, with completion targeted for March 2025."
1. Parties: Identification and details of both spouses entering into the agreement
2. Background: Context of the separation and brief history of the marriage and property acquisition
3. Definitions: Key terms used tHRoughout the agreement including definitions of Matrimonial Property, Separate Property, and other relevant terms
4. Division of Real Property: Detailed arrangements for division of real estate assets, including primary residence and any investment properties
5. Division of Personal Property: Arrangements for division of personal belongings and chattels, including vehicles, furniture, and personal effects
6. Financial Arrangements: Division of bank accounts, investments, insurance policies, and other financial assets
7. CPF Arrangements: Treatment of CPF accounts and CPF-funded properties, including refund requirements and transfer arrangements
1. Debt Allocation: Division of outstanding debts and liabilities, including mortgages, personal loans, and credit card debts
2. Business Interests: Division of business assets, shares, and intellectual property rights
3. Future Asset Discovery: Provisions for handling subsequently discovered assets and procedure for their division
4. Tax Provisions: Allocation of tax liabilities and benefits, including property tax and income tax considerations
1. Schedule A - Real Property Details: Detailed list and description of all real estate properties, including addresses, title details, and agreed disposition
2. Schedule B - Personal Property Inventory: Comprehensive list of personal property items and their agreed allocation between parties
3. Schedule C - Financial Assets: List of all financial accounts, investments, insurance policies, and their agreed division
4. Schedule D - CPF Account Details: Details of CPF accounts, including account numbers and agreed arrangements for division
5. Appendix 1 - Property Valuations: Professional valuations of significant assets including real estate and business interests
6. Appendix 2 - Supporting Documents: Copies of relevant certificates, titles, account statements, and other supporting documentation
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