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Clean Break Agreement
"I need a Clean Break Agreement for a divorce where both parties own shares in a family business, and there are significant pension interests to be divided by March 2025; the agreement must include comprehensive valuation mechanisms for the business interests."
1. Parties: Full details and identification of both spouses entering into the agreement
2. Background: Details of the marriage, including date and property regime, and confirmation that parties intend to divorce
3. Definitions: Definitions of key terms used throughout the agreement
4. Acknowledgments: Parties' confirmation that they understand the agreement's implications and have received independent legal advice
5. Division of Joint Estate: Detailed provisions for how the joint estate will be divided, if applicable
6. Immovable Property: Arrangements regarding any real estate owned by either party
7. Movable Property: Division of vehicles, furniture, and other movable assets
8. Financial Accounts: Treatment of bank accounts, investments, and other financial assets
9. Mutual Waivers: Parties' waiver of future claims against each other's estates
10. Tax Implications: Acknowledgment and handling of tax consequences
11. Implementation: Practical steps and timeframes for implementing the agreement
12. Costs: Allocation of legal and other costs related to the agreement
13. General Provisions: Standard contractual clauses including entire agreement, amendments, governing law
1. Pension Interest: Required when pension interests need to be divided, including details of pension funds and allocation
2. Business Interests: Needed when either party owns business interests that need to be addressed
3. Maintenance Arrangements: Required when there are maintenance obligations to be recorded
4. Joint Liabilities: Needed when there are joint debts to be allocated between parties
5. Foreign Assets: Required when parties own assets in other jurisdictions
6. Children's Arrangements Note: Brief reference to separate parenting plan/children's arrangements if applicable
7. Insurance Policies: Required when there are life insurance or other policies to be divided or transferred
8. Restraint of Trade: Needed when business interests require protection post-divorce
1. Schedule A - Immovable Property Details: Detailed list and descriptions of all immovable property including title deed numbers
2. Schedule B - Movable Property Inventory: Comprehensive list of movable assets allocated to each party
3. Schedule C - Financial Accounts Schedule: List of all bank accounts, investments, and financial products with account numbers
4. Schedule D - Pension Interests: Details of pension, provident funds, and retirement annuities including fund numbers
5. Schedule E - Outstanding Liabilities: List of all debts and liabilities with allocation between parties
6. Appendix 1 - Supporting Documents: Copies of relevant certificates, title deeds, and account statements
7. Appendix 2 - Valuation Reports: Any professional valuations of property or business interests
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Insurance
Banking
Pension Fund Administration
Property Valuation
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Professional Services
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Compliance
Family Law
Property Law
Financial Advisory
Wealth Management
Document Processing
Risk Management
Actuarial Services
Client Relations
Family Law Attorney
Legal Counsel
Divorce Lawyer
Pension Fund Administrator
Financial Advisor
Estate Planner
Property Lawyer
Conveyancing Attorney
Actuary
Wealth Manager
Legal Document Specialist
Compliance Officer
Risk Manager
Property Valuer
Settlement Officer
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