After Divorce Settlement Agreement Template for New Zealand

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Key Requirements PROMPT example:

After Divorce Settlement Agreement

"I need an After Divorce Settlement Agreement for a mutual separation with straightforward division of one residential property and personal assets, to be executed by March 2025, with no children or ongoing maintenance obligations involved."

Document background
The After Divorce Settlement Agreement is a crucial legal document used in New Zealand following the dissolution of marriage. It is typically prepared after divorce proceedings have been completed and serves to document the final arrangements agreed upon by the former spouses. This agreement is governed by several key pieces of New Zealand legislation, including the Property (Relationships) Act 1976 and the Family Proceedings Act 1980. It comprehensively addresses the division of relationship property, financial settlements, ongoing obligations, and where applicable, arrangements for children. The document becomes particularly important when there are significant assets, business interests, or complex financial arrangements to be settled. It provides legal certainty and protection for both parties and can be relied upon for enforcement through the New Zealand Family Court system if necessary.
Suggested Sections

1. Parties: Identification of the former spouses who are parties to the agreement

2. Background: Brief history of the marriage, divorce date, and context for the settlement agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Division of Property: Comprehensive arrangements for division of relationship property and separate property

5. Financial Settlement: Details of any lump sum payments, transfers, or settlements between parties

6. Release and Indemnity: Mutual releases from future claims and indemnifications

7. Tax Matters: Treatment of tax implications and responsibilities

8. Dispute Resolution: Process for resolving any future disputes regarding the agreement

9. Governing Law: Confirmation of New Zealand law governing the agreement

10. Execution: Signing requirements and attestation provisions

Optional Sections

1. Child Custody and Care Arrangements: Details of custody, access, and care arrangements for children (include if parties have children)

2. Child Support: Terms of child support payments and arrangements (include if parties have children)

3. Spousal Maintenance: Terms of any ongoing spousal maintenance (include if applicable)

4. Business Interests: Division or treatment of business assets and interests (include if parties have business interests)

5. Superannuation: Division of retirement accounts and pension benefits (include if applicable)

6. International Assets: Treatment of overseas properties or investments (include if parties have international assets)

7. Insurance Policies: Arrangements regarding life, health, or other insurance policies (include if applicable)

8. Intellectual Property: Division of intellectual property rights (include if applicable)

Suggested Schedules

1. Schedule A - Property Assets: Detailed list of all real estate properties and their agreed disposition

2. Schedule B - Personal Property: Inventory of personal property items and their allocation

3. Schedule C - Financial Assets: List of bank accounts, investments, and other financial assets

4. Schedule D - Liabilities: Schedule of debts and responsibilities for payment

5. Schedule E - Children's Arrangements: Detailed parenting schedule and specific care arrangements

6. Schedule F - Supporting Documents: List of relevant certificates, valuations, and supporting documentation

7. Appendix 1 - Payment Schedule: Timeline and details of any periodic payments or settlements

8. Appendix 2 - Property Valuations: Professional valuations of significant assets

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

Legal Services

Financial Services

Real Estate

Professional Services

Family Services

Insurance

Banking

Property Management

Wealth Management

Public Sector

Relevant Teams

Legal

Family Law

Dispute Resolution

Property Services

Financial Advisory

Court Administration

Document Processing

Client Services

Compliance

Risk Management

Relevant Roles

Family Lawyer

Legal Counsel

Divorce Attorney

Mediator

Family Court Judge

Legal Executive

Paralegal

Financial Advisor

Property Valuer

Wealth Manager

Estate Planner

Family Law Specialist

Settlement Officer

Court Registrar

Legal Administrator

Industries
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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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