Financial Affidavit For Divorce Template for Singapore

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Key Requirements PROMPT example:

Financial Affidavit For Divorce

"I need a Financial Affidavit For Divorce that focuses on declaring multiple overseas properties and business interests in both Singapore and Malaysia, as I'm a business owner with assets in both countries preparing for divorce proceedings starting January 2025."

Document background

The Financial Affidavit For Divorce is a mandatory document required by the Singapore Family Justice Courts when parties file for divorce. It serves as a sworn statement detailing a party's complete financial position, including all assets, liabilities, income sources, and regular expenses. This document is crucial for ensuring transparency in divorce proceedings and enables the court to make fair decisions regarding asset division and maintenance. The affidavit must comply with the Women's Charter and Family Justice Rules, requiring comprehensive disclosure of financial information including CPF accounts, properties, investments, and business interests. False declarations can result in serious legal consequences.

Suggested Sections

1. Personal Information: Declarant's details including name, NRIC, address, occupation

2. Employment Details: Current employment status, employer information, position, length of service

3. Income Declaration: All sources of income including salary, bonuses, commissions, rental income

4. Asset Declaration: Complete list of assets including properties, vehicles, investments, bank accounts

5. Liability Declaration: All outstanding debts, loans, mortgages, and other financial obligations

6. Monthly Expenses: Detailed breakdown of regular monthly expenditure

Optional Sections

1. Business Interests: Details of business ownership or shareholdings, used when declarant has business interests

2. Overseas Assets: Declaration of foreign assets, used when party has assets outside Singapore

3. Children's Expenses: Detailed breakdown of children's expenses, used when there are children of the marriage

Suggested Schedules

1. Schedule A - Bank Statements: Last 6 months of statements from all bank accounts

2. Schedule B - CPF Statements: Recent CPF contribution history and account balances

3. Schedule C - Property Valuations: Recent valuations of real estate properties

4. Schedule D - Salary Documents: Recent payslips and employment contract

5. Schedule E - Tax Returns: Latest income tax assessment and returns

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

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Legal Services
Financial Services
Property
Accounting

Relevant Teams

Legal
Finance
Compliance
Administration
Document Management

Relevant Roles

Family Law Attorney
Divorce Lawyer
Financial Advisor
Paralegal
Court Administrator

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Let's create your Financial Affidavit For Divorce

Authors

Alex Denne

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