Community Property Agreement Washington State Rcw

If you are a married couple in Washington State, you may want to consider signing a community property agreement (CPA). A CPA is a legal document that allows couples to define how their assets and debts will be divided in the event of separation, divorce, or death.

Washington State Revised Code of Washington (RCW) Chapter 26.16 governs community property agreements. To be valid, a CPA must meet certain requirements, including being in writing and signed by both parties. The agreement must also be notarized and recorded with the county in which the parties reside.

A CPA allows couples to keep certain property separate, even though they live in a community property state. This can include assets that each party brought into the marriage or inherited during the marriage. Couples can also use a CPA to detail how they will divide property and debts in the event of a divorce.

It`s worth noting that a CPA does not override a will or trust. Instead, it allows couples to specify how community property will be divided if one spouse dies without a will. In Washington State, if a married person dies without a will, their community property generally goes to the surviving spouse.

If you are considering a community property agreement in Washington State, it`s important to consult with an attorney who is knowledgeable about family law. A lawyer can help ensure that your CPA is legally binding and that it meets your specific needs.

In summary, a community property agreement in Washington State can provide valuable protection for married couples. By allowing them to define how their assets and debts will be divided in the event of a separation, divorce, or death, a CPA can provide peace of mind and financial security. As always, it`s important to consult with an experienced attorney to ensure that your CPA is legally sound and reflects your wishes.