Divorce Property Settlement Agreement Template for Denmark

The Divorce Property Settlement Agreement is a crucial document used in Danish divorce proceedings to formalize the division of assets and liabilities between separating spouses. It is prepared in accordance with Danish law, particularly the Marriage Act (Ægteskabsloven) and Property Formation Act, and can be used either during amicable settlements or as part of court proceedings. This document becomes necessary when married couples decide to divorce and need to legally document how their joint and separate property will be divided. It covers all aspects of property division, including real estate, financial assets, pensions, personal property, and debts. The agreement must comply with Danish legal requirements regarding property division in divorce cases, including the principle of equal division of community property unless specific circumstances warrant a different arrangement. Once signed and properly executed, it becomes a legally binding document that can be enforced through the Danish legal system.

1. Parties: Identification of both spouses, including full legal names, addresses, and CPR numbers (Danish personal identification numbers)

2. Background: Brief history of the marriage, date of separation, and confirmation that both parties seek divorce by mutual consent

3. Definitions: Key terms used throughout the agreement, including definitions of separate property, community property, and other relevant terms

4. Division of Community Property: Detailed provisions for the division of property acquired during marriage, following Danish equal division principles

5. Separate Property: Identification and confirmation of assets that remain separate property of each spouse

6. Real Estate: Specific arrangements for any real estate owned jointly or separately, including primary residence and vacation properties

7. Financial Assets: Division of bank accounts, investments, stocks, bonds, and other financial instruments

8. Pension Rights: Agreement on the division or compensation of pension rights accumulated during marriage

9. Personal Property: Division of household items, vehicles, and personal effects

10. Debts and Liabilities: Allocation of joint and separate debts, including mortgages, loans, and credit card debts

11. Tax Implications: Agreement on handling tax consequences of property division and any tax liabilities

12. Implementation: Timeframe and process for implementing the property division

13. Dispute Resolution: Process for resolving any disputes arising from the agreement

14. Final Provisions: Governing law, severability, and complete agreement clauses

15. Signatures: Execution section including date, signatures of both parties, and witness requirements