Sep 142021
 

However, where a person receives the property as a gift or inheritance or acquired it before the marriage or domestic partnership, that property is considered to be separate property. Washington law allows a husband, wife, or national partner to sign and sign a condominium agreement, a document that automatically transfers a person`s co-ownership shares to their spouse or registered partner in the event of death. In order to avoid a reduction after the death of the first spouse or registered national partner, the agreement must stipulate that all property, including all property acquired by both persons after signing the document, is the common property. This means that subsequent donations and inheritances will also have become common property. After the death of the first person, the survivor has full control of the collective property. While a comprehensive analysis of community and separate ownership is beyond the scope of this blog post, it`s important for spouses to understand what a “standard” condominium agreement is and whether it could benefit them. . . .

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