Document background
A Binding Financial Agreement After Separation is utilized when married couples in Singapore have separated and wish to formalize their financial arrangements without proceeding to divorce. This document, regulated under Singapore's Women's Charter, provides a comprehensive framework for asset division, maintenance obligations, and financial responsibilities. It must include full financial disclosure from both parties and requires independent legal advice for each spouse. The agreement can cover various assets including property, CPF accounts, investments, and business interests, making it a crucial document for protecting both parties' financial interests post-separation.
