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Separation And Property Settlement Agreement
"I need a Separation and Property Settlement Agreement for a couple in Manila, Philippines, where the main assets are two residential properties and joint savings accounts, with a planned separation date of March 15, 2025."
1. Parties: Identification and details of both spouses entering into the agreement
2. Background: Brief history of the marriage, date of separation, and reasons for entering into this agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Separation Terms: Agreement to live separately and independently, including terms of non-interference
5. Mutual Release and Discharge: Mutual release of marital rights and obligations except as specified in the agreement
6. Division of Real Property: Detailed arrangements for the division or disposition of all real estate owned jointly or separately
7. Division of Personal Property: Distribution of personal effects, vehicles, furniture, and other tangible personal property
8. Financial Accounts: Division of bank accounts, investments, and other financial assets
9. Debts and Liabilities: Allocation of responsibility for existing debts and future liabilities
10. Tax Provisions: Agreements regarding tax filings, liabilities, and allocations
11. Mutual Covenants: Promises regarding future conduct, including non-harassment and cooperation
12. Future Dispute Resolution: Process for resolving any future disputes regarding the agreement
13. Governing Law: Specification that Philippine law governs the agreement
14. General Provisions: Standard clauses including severability, entire agreement, and amendments
1. Child Custody and Support: Required if there are minor children, covering custody arrangements, visitation rights, and support obligations
2. Spousal Support: Include if there will be ongoing financial support from one spouse to another
3. Business Interests: Required if either party owns business interests that need to be divided or addressed
4. Pension and Retirement Benefits: Include if there are retirement accounts or pension benefits to be divided
5. Life Insurance: Include if maintaining life insurance policies is part of the agreement
6. Intellectual Property Rights: Required if either party has intellectual property that needs to be addressed
7. Future Inheritance Rights: Include if there are specific agreements about future inheritance rights
8. Religious Requirements: Include if there are specific religious considerations that need to be addressed
1. Schedule A - Real Property Inventory: Detailed list of all real property with legal descriptions and agreed disposition
2. Schedule B - Personal Property Division: Itemized list of personal property and their allocated recipient
3. Schedule C - Financial Accounts: Complete list of all financial accounts with account numbers and agreed division
4. Schedule D - Debt Schedule: Comprehensive list of all debts and liabilities with assigned responsibility
5. Schedule E - Business Assets: Detailed inventory of business assets and their agreed disposition
6. Appendix 1 - Supporting Documents: Copies of relevant certificates, titles, and other supporting documents
7. Appendix 2 - Valuation Reports: Any professional valuations of property or businesses
8. Appendix 3 - Tax Documentation: Relevant tax returns and documentation supporting the agreement
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Risk Management
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Family Law Attorney
Property Lawyer
Notary Public
Financial Advisor
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Property Valuator
Real Estate Agent
Tax Consultant
Family Court Judge
Legal Documentation Specialist
Paralegal
Court Clerk
Marriage Counselor
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