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Uncontested Divorce Property Settlement Agreement
"I need an Uncontested Divorce Property Settlement Agreement for a couple in Ontario with one matrimonial home, shared retirement accounts, and a jointly-owned small business, where the parties have agreed to sell the business and split all assets equally."
1. Parties: Identification of both spouses and their current contact information
2. Background: Details of marriage, separation date, and confirmation that both parties seek an uncontested divorce
3. Definitions: Definitions of key terms used throughout the agreement
4. Acknowledgments: Statements confirming independent legal advice, full disclosure, and voluntary participation
5. Division of Matrimonial Home: Details regarding the disposition or division of the family home
6. Division of Financial Assets: Division of bank accounts, investments, and other financial assets
7. Division of Personal Property: Division of vehicles, furniture, and personal belongings
8. Treatment of Debts: Allocation of responsibility for joint and individual debts
9. Release of Claims: Mutual release of future claims against divided property
10. Implementation: Timeframes and procedures for implementing the property divisions
11. Governing Law: Specification of applicable provincial law and jurisdiction
12. Binding Effect: Statement that the agreement is binding on parties, heirs, and assigns
13. Execution: Signature blocks and witnessing requirements
1. Division of Pensions: Required when either spouse has pension benefits to be divided
2. Business Assets: Required when either spouse owns business interests that need to be divided
3. Tax Provisions: Detailed tax arrangements when complex asset transfers are involved
4. Insurance Policies: Required when life insurance or other policies are being transferred or beneficiaries changed
5. Intellectual Property: Required when either spouse owns intellectual property rights
6. First Nations Property: Required for property on First Nations reserves
7. Foreign Property: Required when parties own property in other jurisdictions
8. Future Dispute Resolution: Optional mechanisms for resolving future disputes about property division
9. Confidentiality: Optional provisions for keeping settlement terms private
1. Schedule A - Real Property: Detailed list and description of all real estate properties and their agreed disposition
2. Schedule B - Financial Assets: Comprehensive list of all financial accounts, investments, and their agreed division
3. Schedule C - Personal Property: Itemized list of significant personal property items and their allocation
4. Schedule D - Debts: Complete list of all debts and liabilities and their allocation
5. Schedule E - Pension Information: Details of pension valuations and division calculations
6. Appendix 1 - Property Valuations: Professional valuations of significant assets
7. Appendix 2 - Supporting Documents: Copies of relevant property titles, account statements, and other supporting documentation
8. Appendix 3 - Tax Calculations: Details of tax implications and calculations for property transfers
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