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Financial Agreement Divorce

Financial Agreement Divorce Template for New Zealand

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Key Requirements PROMPT example:

Financial Agreement Divorce

"I need a Financial Agreement Divorce document for a separation effective March 1, 2025, covering the division of our family home in Auckland, two cars, and joint savings accounts, with both parties agreeing to a clean break with no ongoing maintenance."

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Document background
The Financial Agreement Divorce document is a crucial legal instrument used in New Zealand divorce proceedings to formalize the division of relationship property and financial arrangements between separating spouses or partners. It must comply with the Property (Relationships) Act 1976 and other relevant New Zealand legislation. This document is typically prepared after parties have decided to separate or divorce and have reached agreement on property division, either through direct negotiation, mediation, or legal counsel assistance. The agreement covers all financial aspects of the separation, including real estate, personal property, investments, debts, and potential ongoing obligations. Both parties must receive independent legal advice before signing, and the agreement must meet specific legal requirements to be enforceable in the New Zealand Family Court system.
Suggested Sections

1. Parties: Identification and details of both parties to the agreement

2. Background: Information about the marriage/relationship, date of separation, and context for the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Independent Legal Advice: Acknowledgment that both parties have received independent legal advice

5. Division of Relationship Property: General principles and agreement on how relationship property will be divided

6. Real Property: Details regarding the division of real estate and property interests

7. Personal Property: Agreement on division of vehicles, furniture, and personal effects

8. Financial Accounts: Division of bank accounts, investments, and financial assets

9. Debts and Liabilities: Allocation of joint debts and individual liabilities

10. Mutual Release: Mutual release of future claims against relationship property

11. Implementation: Timeframes and procedures for implementing the agreement

12. Governing Law: Confirmation that the agreement is governed by New Zealand law

13. Execution: Signing requirements and witness provisions

Optional Sections

1. Superannuation: Division of retirement accounts and pension schemes, if applicable

2. Business Interests: Division of business assets and interests, if parties own businesses

3. Spousal Maintenance: Provisions for ongoing financial support between parties, if agreed

4. Child Support Arrangements: Financial arrangements for children's support, if children are involved

5. Overseas Assets: Treatment of any foreign property or investments

6. Insurance Policies: Division or transfer of life, health, or other insurance policies

7. Tax Implications: Handling of tax liabilities and benefits

8. Future Inheritance: Treatment of potential future inheritances

9. Confidentiality: Provisions for keeping the agreement terms confidential

10. Dispute Resolution: Process for resolving future disputes about the agreement

Suggested Schedules

1. Schedule A - Real Property: Detailed list of all real estate properties with values and allocation

2. Schedule B - Personal Property: Comprehensive inventory of personal property items and their allocation

3. Schedule C - Financial Accounts: List of all bank accounts, investments, and financial assets with current balances

4. Schedule D - Debts and Liabilities: Detailed list of all debts and liabilities with allocation

5. Schedule E - Business Assets: Inventory of business assets and their agreed values

6. Appendix 1 - Valuations: Professional valuations of significant assets

7. Appendix 2 - Legal Advice Certificates: Certificates from lawyers confirming independent legal advice

8. Appendix 3 - Financial Disclosure: Statements of financial position from both parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Clauses



































Relevant Industries

Legal Services

Financial Services

Real Estate

Family Services

Professional Services

Banking

Insurance

Wealth Management

Property Management

Relevant Teams

Legal

Family Law

Property Law

Dispute Resolution

Client Services

Documentation

Compliance

Advisory Services

Settlement Services

Court Services

Relevant Roles

Family Law Attorney

Legal Partner

Associate Lawyer

Legal Executive

Paralegal

Financial Advisor

Property Valuer

Mediator

Family Court Judge

Court Registrar

Legal Secretary

Settlement Officer

Relationship Property Specialist

Divorce Lawyer

Estate Planning Attorney

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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