Document background
The Family Property Settlement Agreement is a crucial document used in Singapore when spouses need to formalize the division of their matrimonial assets during separation or divorce. This agreement, regulated under Singapore's Women's Charter or AMLA, provides a detailed framework for asset division, including real estate, financial investments, CPF savings, and personal property. It serves as a legally binding document that can be enforced by Singapore courts and should be drafted with careful consideration of both parties' rights and obligations. The agreement typically results from negotiations between parties and may be developed tHRough mediation or legal consultation.
