Divorce Financial Consent Order Template for Singapore

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Key Requirements PROMPT example:

Divorce Financial Consent Order

"Need a Divorce Financial Consent Order to formalize the division of our HDB flat, CPF savings, and joint investments, with monthly maintenance payments of $2,000 to commence from March 2025."

Document background
A Divorce Financial Consent Order is utilized when divorcing couples in Singapore have reached agreement on their financial matters and seek court approval to make their agreement legally binding. The document typically follows divorce proceedings and is submitted to the Family Justice Courts for approval. It comprehensively addresses the division of matrimonial assets including property, savings, investments, CPF accounts, and maintenance obligations. The order must comply with Singapore's Women's Charter and related legislation, and once approved, provides a clear framework for implementing the agreed financial arrangements and prevents future disputes.
Suggested Sections

1. Parties: Details of both parties to the divorce

2. Background: Details of marriage, divorce proceedings, and reason for consent order

3. Definitions: Key terms used tHRoughout the order

4. Property Division: Distribution of matrimonial home and other real property

5. Financial Assets: Division of savings, investments, and CPF accounts

6. Maintenance Provisions: Details of any ongoing maintenance payments

Optional Sections

1. Business Interests: Division of business assets, used when parties own business together or when either party owns business assets

2. Pension Arrangements: Division of pension or retirement benefits beyond CPF arrangements

3. Debt Distribution: Allocation of joint debts and liabilities between parties

Suggested Schedules

1. Schedule 1: Property Details: Detailed listing of all real property and their agreed values

2. Schedule 2: Financial Assets: Complete list of bank accounts, investments, and CPF accounts

3. Schedule 3: Personal Property: List of significant personal property to be divided

4. Appendix A: Valuation Reports: Professional valuations of significant assets

5. Appendix B: Payment Schedule: Detailed schedule of any lump sum or periodic payments

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
Clauses
Industries

Women's Charter (Chapter 353): Primary legislation governing marriage and divorce in Singapore, containing key sections 112 (Division of matrimonial assets), 113 (Power to order maintenance), 114 (Assessment of maintenance), and 127 (Power to vary orders)

Supreme Court of Judicature Act: Legislation governing procedural matters in Singapore courts, including family proceedings

Women's Charter (Matrimonial Proceedings) Rules: Subsidiary legislation providing detailed procedures for matrimonial proceedings under the Women's Charter

Family Justice Rules 2014: Comprehensive rules governing all family proceedings in Singapore, including specific requirements for consent orders

Family Justice Courts Practice Directions: Detailed guidelines and requirements for court procedures and document formatting in family proceedings

Central Provident Fund (CPF) Act: Legislation governing the handling and division of CPF savings in divorce settlements

Housing and Development Act: Legislation relevant when dealing with the division of HDB properties in divorce settlements

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