Declaration Of Financial Support Template for Singapore

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Key Requirements PROMPT example:

Declaration Of Financial Support

"I need a Declaration of Financial Support for my nephew who will be studying in Singapore starting March 2025, committing to provide SGD 2,000 monthly support for his living and education expenses during his 3-year university program."

Document background

The Declaration of Financial Support is a crucial document in Singapore's legal framework, particularly in immigration and family support contexts. It serves as a formal commitment by an individual (the declarant) to provide financial support to another person (the beneficiary). This declaration is commonly required for student pass applications, dependent pass applications, or family maintenance arrangements. The document must include specific details about the declarant's financial capacity, the extent of support promised, and the duration of the commitment. Under Singapore law, such declarations must be properly executed before a Commissioner for Oaths and may need to be accompanied by supporting documentation such as income statements and bank records.

Suggested Sections

1. Declarant Details: Full legal name, identification details, address, and contact information of the person making the declaration

2. Beneficiary Details: Full details of the person(s) being supported including their full name, identification, relationship to declarant

3. Financial Commitment: Specific amount or nature of financial support being committed, including frequency and method of support

4. Duration of Support: Period for which the support will be provided, including start date and end date if applicable

5. Declaration Statement: Formal statement affirming the truth of the declaration and understanding of legal obligations

Optional Sections

1. Employment Details: Details of declarant's employment and income, used when required for immigration or visa purposes

2. Asset Declaration: List of assets owned by declarant, included when proving financial capacity

3. Additional Supporters: Details of other individuals providing support, if applicable

4. Special Conditions: Any specific conditions or limitations to the support

Suggested Schedules

1. Proof of Income: Salary statements, tax returns, or other income documentation

2. Bank Statements: Recent statements showing financial capacity

3. CPF Statements: Central Provident Fund statements showing savings and contributions

4. Identity Documents: Copies of identification documents for all parties involved

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Education
Immigration
Family Services
Legal Services

Relevant Teams

Human Resources
Legal
Finance
International Student Services
Compliance

Relevant Roles

Immigration Officer
Student Affairs Officer
Legal Counsel
HR Manager
Financial Officer

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Let's create your Declaration Of Financial Support

Authors

Alex Denne

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