The Uncontested Divorce Property Settlement Agreement is a crucial document in Singapore divorce proceedings where both parties have reached mutual agreement on asset division. It is used when couples seek to divorce amicably and have agreed on how to divide their matrimonial assets without court intervention. The document must comply with Singapore's Women's Charter and related legislation, including provisions for CPF division and HDB property considerations. This agreement typically includes detailed arrangements for the division of the matrimonial home, financial assets, investments, and other property acquired during the marriage. It serves as a fouNDAtion for the divorce proceedings and can expedite the process when properly executed.
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1. Parties: Identification and details of both spouses entering into the agreement
2. Background: Brief history of marriage, separation, and intent to divorce
3. Definitions: Key terms used tHRoughout the agreement including definitions of matrimonial assets
4. Division of Matrimonial Home: Agreed terms for division or disposal of the matrimonial property, including HDB considerations if applicable
5. Division of Other Assets: Agreement on division of other matrimonial assets including investments, vehicles, and personal property
6. CPF Division: Terms for division of Central Provident Fund savings and investments between parties
7. Financial Settlement: Details of any lump sum payments or financial transfers between parties
8. Execution and Effect: Terms regarding the execution, binding nature and effectiveness of the agreement
1. Maintenance Provisions: Terms for spousal maintenance when one party agrees to provide maintenance to the other
2. Business Interests: Division of business assets and interests when either party owns business interests
3. Overseas Assets: Division of assets located outside Singapore when parties have foreign assets
4. Debt Settlement: Agreement on handling existing debts when there are significant joint debts to be addressed
1. Schedule A - Property Details: Detailed description of matrimonial home and property valuations
2. Schedule B - Asset Inventory: Complete list of matrimonial assets and their agreed values
3. Schedule C - CPF Account Details: Breakdown of CPF accounts and agreed transfers between parties
4. Appendix 1 - Property Valuations: Professional valuation reports for significant assets
5. Appendix 2 - Financial Statements: Relevant financial documents supporting asset values and divisions
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