Washington Spouses' Mutual Disclaimer of Interest in each Other's Property with Provision for Use of Family Residence by one Spouse

State:
Multi-State
Control #:
US-01993BG
Format:
Word
Instant download

Description

This form is a post-nuptial agreement between husband and wife. A post-nuptial agreement is a written contract executed after a couple gets married, to settle the couple's affairs and assets in the event of a separation or divorce. Like the contents of a prenuptial agreement, it can vary widely, but commonly includes provisions for division of property and spousal support in the event of divorce, death of one of the spouses, or breakup of marriage.

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FAQ

Washington is one of a few remaining community property states in the country, which means items considered marital property are generally split equally. According to Washington law, marital (or community) property is that which was acquired by either party during the course of the marriage, with some exceptions.

In some states, the living owner automatically gains the deceased person's property under the right of survivorship. Washington, however, does not extend survivorship to community property.

Washington is a community property state. In a community property state, all property and all debt accumulated during the course of a marriage including income of both spouses is presumed "community property" belonging to both spouses.

Community property. If the deceased has a Community Property Agreement in place, this property can go directly to the surviving spouse. If there is no CPA, then community property typically must go through probate before being distributed to the surviving spouse.

Probably not. Washington law permits spouses to make agreements concerning the character of their assets. Community property may be changed to separate property.

In some states, the living owner automatically gains the deceased person's property under the right of survivorship. Washington, however, does not extend survivorship to community property. Instead, according to 26.16. 030(1), individual owners may include all or part of their shares in a will.

One Party's Separate Property. Courts usually award each spouse his or her separate property and divide community property 50/50. Consequently, if the house is entirely one spouse's separate property, he or she almost always receives it unless the parties agree otherwise.

025, upon the death of a decedent, a one-half share of the community property shall be confirmed to the surviving spouse or surviving domestic partner, and the other one-half share shall be subject to testamentary disposition by the decedent, or shall descend as provided in chapter 11.04 RCW.

If you die intestate in Washington leaving a spouse but no children, parents or siblings, your spouse will inherit everything. However, if you die leaving a spouse and children, the spouse will inherit all your community property and one-half of your separate property.

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Washington Spouses' Mutual Disclaimer of Interest in each Other's Property with Provision for Use of Family Residence by one Spouse