Marital, Co-Habitation, and Property Agreements
Couples use property agreements to clearly designate—in advance—how assets are to be distributed under certain circumstances. This planning up front means less court involvement down the line, which saves time, money, and frustration. Property agreements can also provide a comprehensive plan for managing assets and can serve to limit interference from third parties.
Prenuptial and postnuptial agreements are contracts made between spouses governing how their property will be managed during their marriage, or distributed upon divorce, separation, or death.
Couples who cohabitate without marriage may also be well advised to sign agreements that clarify property division in the event of death or separation. Washington Courts may assign property rights as though the cohabitating couple were married. Having an agreement that identifies property ownership and distribution can avoid costly and emotional litigation for the couple, or for the surviving family.
Our goal is to clearly identify your assets, ensure that all parties involved make sound and informed decisions, and provide a structure to fairly resolve issues that may arise in the future.
Disclaimers: This material is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use of and access to this material does not create an attorney-client relationship. The opinions expressed here are the opinions of the individual author and may not reflect the opinion of the firm or any other individual attorney. Any tax advice contained in this communication is not intended to be sided, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties.