Divorce Property Settlement Agreement Template for England and Wales

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Key Requirements PROMPT example:

Divorce Property Settlement Agreement

"I need a Divorce Property Settlement Agreement to handle the division of our family home in London, two investment properties in Manchester, and pension arrangements, with specific provisions for monthly maintenance payments of £2,000 until January 2025."

Document background
A Divorce Property Settlement Agreement is a crucial document used when married couples in England and Wales are seeking to formalize the division of their assets during divorce proceedings. This agreement is particularly important when substantial assets, property, or complex financial arrangements are involved. The document must comply with the Matrimonial Causes Act 1973 and is typically prepared after financial disclosure has been completed by both parties. It can cover everything from real estate and personal property to pensions, investments, and business interests, providing certainty and clarity for both parties moving forward.
Suggested Sections

1. Parties: Identification and details of both spouses

2. Background: Marriage date, separation date, divorce status, and reason for agreement

3. Definitions: Key terms used throughout the agreement

4. Division of Property: Detailed breakdown of how matrimonial assets will be divided

5. Financial Provisions: Details of any ongoing financial support, maintenance payments

6. Implementation: Timeframes and mechanisms for implementing the agreement

Optional Sections

1. Pension Arrangements: Details of pension sharing/splitting arrangements when either party has pension assets to be divided

2. Business Interests: Division of business assets and interests when either party owns business assets

3. International Assets: Treatment of overseas property or assets when parties have assets in multiple jurisdictions

4. Tax Provisions: Tax implications and arrangements when significant tax considerations exist

Suggested Schedules

1. Schedule of Assets: Comprehensive list of all matrimonial assets and their values

2. Property Details: Legal descriptions and valuations of real property

3. Pension Documentation: Details of pension arrangements and actuarial calculations

4. Financial Disclosure: Form E or similar financial disclosure documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries
Relevant Teams
Relevant Roles
Industries

Matrimonial Causes Act 1973: The primary legislation governing divorce and financial settlements in England and Wales. Contains Section 25 factors which courts must consider when making financial orders and guidelines for property division.

Family Law Act 1996: Key legislation covering property rights in divorce, including occupation rights and protection of the matrimonial home.

Matrimonial and Family Proceedings Act 1984: Legislation dealing with financial relief after overseas divorce and jurisdictional matters in divorce proceedings.

Family Procedure Rules 2010: Comprehensive rules governing court procedures in family matters, including procedural requirements, form and content requirements, and disclosure obligations for divorce settlements.

Divorce, Dissolution and Separation Act 2020: Recent legislation implementing no-fault divorce reforms in England and Wales, changing how divorce proceedings are initiated and conducted.

Trusts of Land and Appointment of Trustees Act 1996: Legislation governing property ownership and trust arrangements, relevant for complex property holdings in divorce settlements.

Civil Partnership Act 2004: Legislation relevant when dealing with dissolution of civil partnerships or conversion from civil partnership to marriage.

Married Women's Property Act 1882: Historic legislation that remains relevant for certain property rights in marriage and divorce.

Land Registration Act 2002: Legislation governing property registration requirements, crucial for implementing property transfers in divorce settlements.

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