Specialist Divorce & Family Lawyer
Divorce in Singapore

Financial Settlements Advice

If you are going through a divorce or separation, one of the main issues to be resolved would be your finances. Though you can do this with or without the help of a family lawyer, it would be prudent to get legal advice on your options and make sure any agreement you reach is confirmed in writing and, if necessary, made into a Court order.

It is important to have a comprehensive and objective understanding of the following:

  • Is the proposed settlement fair?
  • Does it take into account the needs of any children and who will be looking after the children?
  • Does the settlement take into account all assets held by both parties, including property, business interests, savings and investments?
  • Have you, or should you, obtain the proper valuations for your significant assets before agreeing on the division?

If you have any doubts on any of these points, it is best to consult an experienced family lawyer who will have the objectivity to assess the situation clearly. Having come to a mutually agreed settlement, it is important to have a formal agreement drawn up to reflect your decision. This is done in the form of a Consent Order which, once approved and sealed by the Court, is a legally binding document. If the Consent order takes the form of a lump sum payment or Clean Break Order, no further financial claims can be made by either party.

Without a Consent Order it will be possible for your ex spouse to make a claim on your assets in the future. If you won the lottery or received an inheritance, for example, your ex spouse might be able to claim a share.

At Yeo Law, our knowledgeable and experienced lawyers will be able to advise you on the implications of your financial arrangements. We can also advise on and help draw up a Consent Order if required. Call us at 62203400 today.


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