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Succession Divorce Agreement
"I need a Succession Divorce Agreement drafted by March 2025 that specifically addresses the division of my technology business assets and includes comprehensive succession planning for multiple family trusts, with particular attention to protecting intellectual property rights."
1. Parties: Identification of all parties to the agreement, including full legal names and addresses
2. Background: Brief history of the marriage, divorce proceedings, and context for the succession arrangements
3. Definitions: Definitions of key terms used throughout the agreement
4. Acknowledgments: Statements acknowledging the parties have received independent legal advice and understand the agreement's implications
5. Property Settlement: Details of how matrimonial assets are to be divided between the parties
6. Succession Rights: Clear statements regarding mutual waiver or modification of succession rights
7. Mutual Release: Provisions for mutual release of claims against each other's estates
8. Future Wills: Agreements regarding the making of new wills and treatment of existing wills
9. Binding Effect: Provisions ensuring the agreement binds the parties' estates and legal representatives
10. Governing Law: Specification that the agreement is governed by Australian law
11. Execution: Formal execution provisions including witness requirements
1. Superannuation: Details of superannuation splitting arrangements, required if either party has substantial superannuation assets
2. Business Interests: Provisions dealing with business assets and succession, needed if either party owns a business
3. Family Trust Arrangements: Provisions regarding family trusts and their treatment, required if trust structures exist
4. Life Insurance: Arrangements regarding life insurance policies and beneficiaries, needed if policies exist
5. Children's Provisions: Special provisions for children's inheritance rights, required if there are children from the marriage
6. International Assets: Special provisions for overseas assets, required if either party has significant foreign assets
7. Intellectual Property: Provisions regarding intellectual property rights, needed if relevant IP exists
8. Future Acquisitions: Provisions dealing with assets acquired after divorce but before death, optional for comprehensive planning
1. Schedule A - Asset Register: Comprehensive list of all assets subject to the agreement
2. Schedule B - Superannuation Interests: Details of all superannuation accounts and their agreed treatment
3. Schedule C - Real Property: Detailed listing of all real estate properties and their disposition
4. Schedule D - Personal Effects: List of significant personal items and their agreed distribution
5. Schedule E - Business Assets: Detailed inventory of business assets and their treatment
6. Schedule F - Outstanding Liabilities: List of debts and liabilities and their allocation
7. Appendix 1 - Independent Legal Advice Certificates: Certificates from each party's legal advisors
8. Appendix 2 - Valuation Reports: Professional valuations of significant assets
9. Appendix 3 - Existing Wills: Copies of current wills to be superseded or modified
Authors
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Family Law
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Banking
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Trust Services
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Compliance
Risk Management
Wealth Management
Estate Planning
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Document Management
Client Services
Advisory Services
Dispute Resolution
Family Lawyer
Estate Planning Attorney
Wealth Manager
Financial Advisor
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Probate Specialist
Trust Officer
Family Court Judge
Mediator
Property Settlement Officer
Risk Management Officer
Compliance Officer
Legal Administrator
Family Law Paralegal
Estate Planning Consultant
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