Washington Community Property Affidavit Re Financial Accounts

• Category: Affidavits
• State: Washington
• Control #: WA-S004ST
• Format: Word; Rich Text

Description

Community Property included the financial accounts held in Decedent's names as described in the attachment to this Affidavi. tA financial affidavit is a written statement that shows your income, expenses, assets, and liabilities.

A Washington Community Property Affidavit Re Financial Accounts is a document that is used in the state of Washington to legally divide financial accounts between two spouses who have decided to terminate their marriage. This affidavit is typically used when both parties agree to the division of property, and it is usually filed during the divorce process. There are two types of Washington Community Property Affidavit Re Financial Accounts: the “Full Community Property Affidavit” and the “Limited Community Property Affidavit.” The Full Community Property Affidavit is used when both parties agree that all the property is to be divided equally between them. The Limited Community Property Affidavit is used when one party is willing to concede some property, usually in exchange for something else. Both of these affidavits must be signed by both parties and notarized, in order to be valid. The affidavit must also contain detailed information about the marital assets and liabilities that will be divided between the two parties. This includes the account numbers, account titles and balances of any financial accounts that are to be divided. The affidavit must also include a statement describing the rights and obligations of each party with respect to the accounts.