The Separation And Property Settlement Agreement is a crucial legal document in Singapore used when married couples decide to live separately but are not yet pursuing divorce. This agreement, governed by the Women's Charter and other relevant Singapore legislation, provides a comprehensive framework for managing the separation process. It typically includes detailed provisions for asset division, including CPF monies, property distribution, financial arrangements, and where applicable, child custody and maintenance matters. The document serves as a binding contract that protects both parties' interests and can later form the basis for divorce proceedings if pursued. It requires full financial disclosure from both parties and is typically drafted with legal representation to ensure compliance with Singapore law.
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1. Parties: Identification and details of both parties
2. Background: Marriage details, reason for separation, and current circumstances
3. Definitions: Key terms used tHRoughout the agreement
4. Separation Terms: Agreement to live separately and details of living arrangements
5. Division of Property: Distribution of matrimonial assets including real estate and personal property
6. Financial Arrangements: Division of bank accounts, investments, and other financial assets
7. CPF Arrangements: Division and handling of CPF monies
8. Execution: Signing requirements and effective date
1. Child Custody and Access: Arrangements for custody, care and control, and access when parties have minor children
2. Maintenance Provisions: Financial support arrangements for spouse and/or children when maintenance is being provided
3. Business Interests: Division of business assets and arrangements when parties have shared business interests
4. Insurance Policies: Arrangements for existing insurance policies when parties have joint or relevant insurance coverage
5. Future Inheritance: Provisions regarding future inheritance rights when parties wish to address inheritance matters
1. Schedule of Assets: Comprehensive list of all matrimonial assets and their agreed values
2. Schedule of Properties: Details of all real estate properties and their distribution
3. Schedule of CPF Accounts: Details of CPF accounts and agreed transfers
4. Schedule of Debts: List of all joint and individual debts and their allocation
5. Child Care Schedule: Detailed arrangements for child care and access times
6. Financial Disclosure Statements: Declaration of assets and financial position of both parties
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