Documents
Community Property Agreement
For married couples, a community property agreement is an excellent tool to confirm that all of the property that either spouse currently owns or will own in the future is: (1) characterized as community property, and (2) upon the death of the first spouse, all of the community property will pass directly to the surviving spouse without going through probate.
Documents
Community Property Agreement
For married couples, a community property agreement is an excellent tool to confirm that all of the property that either spouse currently owns or will own in the future is: (1) characterized as community property, and (2) upon the death of the first spouse, all of the community property will pass directly to the surviving spouse without going through probate.
Documents
Community Property Agreement
For married couples, a community property agreement is an excellent tool to confirm that all of the property that either spouse currently owns or will own in the future is: (1) characterized as community property, and (2) upon the death of the first spouse, all of the community property will pass directly to the surviving spouse without going through probate.
What you get with Orbit Wills:
Classify All Property
Confirm that all property owned by either spouse is characterized as community property.
Bypass Probate
Transfer all community property directly to the surviving spouse without going through probate.
Protect Your Spouse
Ensure your surviving spouse receives everything without court intervention or delays.
Set up your Community Property Agreement
Make sure your spouse inherits your shared property without the hassle of probate.
What you get with Orbit Wills:
Classify All Property
Confirm that all property owned by either spouse is characterized as community property.
Bypass Probate
Transfer all community property directly to the surviving spouse without going through probate.
Protect Your Spouse
Ensure your surviving spouse receives everything without court intervention or delays.
Set up your Community Property Agreement
Make sure your spouse inherits your shared property without the hassle of probate.
What you get with Orbit Wills:
Classify All Property
Confirm that all property owned by either spouse is characterized as community property.
Bypass Probate
Transfer all community property directly to the surviving spouse without going through probate.
Protect Your Spouse
Ensure your surviving spouse receives everything without court intervention or delays.
Set up your Community Property Agreement
Make sure your spouse inherits your shared property without the hassle of probate.
About
For married couples, a community property agreement is an excellent tool to confirm that all of the property that either spouse currently owns or will own in the future is: (1) characterized as community property, and (2) upon the death of the first spouse, all of the community property will pass directly to the surviving spouse without going through probate.
In other words, a community property agreement avoids probate on the first spouse’s death. A community property agreement does not replace a Will. A Will is still needed because it controls what happens on the second spouse’s death. Also, having a community property agreement does not change how your tax returns are prepared.
Set up your Community Property Agreement
Make sure your spouse inherits your shared property without the hassle of probate.
FAQs
Frequently asked questions
In case you missed anything and had some more questions.
I want my estate to skip probate - how do I do that?
First of all, in Washington State, probate is not the nightmare that TV shows and movies will have you believe. It is actually a fairly streamlined process here that need not be avoided at all costs. However, there are times when it is beneficial to skip probate. If you are interested in avoiding probate at all costs, you'll have to meet with an attorney to discuss as it takes very specific planning.
What is a community property agreement?
A community property agreement confirms that everything either spouse owns—now or in the future—is community property, and that it all goes directly to the surviving spouse when the first spouse dies. The big advantage: it skips probate on the first death.
Does a community property agreement replace my Will?
No. You still need a Will because it controls what happens when the second spouse dies. The community property agreement only covers the transfer between spouses on the first death.
Is a community property agreement right for blended families?
It depends. If you want to make sure children from a previous relationship inherit part of your estate, a community property agreement may not be the right fit—since it sends everything to your surviving spouse. In that situation, you should talk to an attorney about other options.
Does signing a community property agreement change how we file taxes?
No. A community property agreement does not change how your tax returns are prepared. It only affects what happens to your property when one spouse dies.
FAQs
Frequently asked questions
In case you missed anything and had some more questions.
I want my estate to skip probate - how do I do that?
First of all, in Washington State, probate is not the nightmare that TV shows and movies will have you believe. It is actually a fairly streamlined process here that need not be avoided at all costs. However, there are times when it is beneficial to skip probate. If you are interested in avoiding probate at all costs, you'll have to meet with an attorney to discuss as it takes very specific planning.
What is a community property agreement?
A community property agreement confirms that everything either spouse owns—now or in the future—is community property, and that it all goes directly to the surviving spouse when the first spouse dies. The big advantage: it skips probate on the first death.
Does a community property agreement replace my Will?
No. You still need a Will because it controls what happens when the second spouse dies. The community property agreement only covers the transfer between spouses on the first death.
Is a community property agreement right for blended families?
It depends. If you want to make sure children from a previous relationship inherit part of your estate, a community property agreement may not be the right fit—since it sends everything to your surviving spouse. In that situation, you should talk to an attorney about other options.
Does signing a community property agreement change how we file taxes?
No. A community property agreement does not change how your tax returns are prepared. It only affects what happens to your property when one spouse dies.
FAQs
Frequently asked questions
In case you missed anything and had some more questions.
I want my estate to skip probate - how do I do that?
First of all, in Washington State, probate is not the nightmare that TV shows and movies will have you believe. It is actually a fairly streamlined process here that need not be avoided at all costs. However, there are times when it is beneficial to skip probate. If you are interested in avoiding probate at all costs, you'll have to meet with an attorney to discuss as it takes very specific planning.
What is a community property agreement?
A community property agreement confirms that everything either spouse owns—now or in the future—is community property, and that it all goes directly to the surviving spouse when the first spouse dies. The big advantage: it skips probate on the first death.
Does a community property agreement replace my Will?
No. You still need a Will because it controls what happens when the second spouse dies. The community property agreement only covers the transfer between spouses on the first death.
Is a community property agreement right for blended families?
It depends. If you want to make sure children from a previous relationship inherit part of your estate, a community property agreement may not be the right fit—since it sends everything to your surviving spouse. In that situation, you should talk to an attorney about other options.
Does signing a community property agreement change how we file taxes?
No. A community property agreement does not change how your tax returns are prepared. It only affects what happens to your property when one spouse dies.