This form involves a situation where a couple is buying a house prior to their marriage and want to agree in writing how the house and other property should be disposed of if they should separate and not get married.
The Washington Domestic Partnership Agreement is a legally binding contract designed to govern the disposition of real and personal property in the event of the dissolution of a domestic partnership between two unmarried individuals. This agreement outlines the rights, responsibilities, and division of assets for partners who have chosen not to marry but want to establish legal protections for their relationship. In Washington, there are two main types of Domestic Partnership Agreements that address the disposition of real and personal property if the partnership is dissolved. These are the Standard Domestic Partnership Agreement and the Enhanced Domestic Partnership Agreement. 1. Standard Domestic Partnership Agreement: This type of agreement is suitable for partners who wish to establish basic legal protections while keeping the process simple and straightforward. It covers the disposition of real and personal property in the event of a breakup and typically includes provisions for division of assets, debts, and other financial matters. 2. Enhanced Domestic Partnership Agreement: This agreement is more comprehensive and provides additional legal protections beyond those offered in the standard version. It is ideal for partners who have significant assets or complex financial situations and wish to ensure a more detailed and thorough disposition of real and personal property during a dissolution. The enhanced agreement may include provisions for the division of real estate, retirement accounts, investments, business assets, and other valuable possessions. Regardless of the type of agreement chosen, the Washington Domestic Partnership Agreement regarding the disposition of real and personal property if the partnership is dissolved will typically address various important aspects, including: 1. Identification of the partners: The agreement should clearly state the full legal names and addresses of both partners entering into the domestic partnership. 2. Effective date: The agreement should specify the date when it takes effect and is legally binding. 3. Assets and liabilities: The agreement should provide a detailed inventory of all real and personal property, such as homes, land, vehicles, bank accounts, investments, and any outstanding debts held jointly or individually. 4. Division of assets: The agreement should outline how the real and personal property will be divided and distributed between the partners upon the dissolution of the partnership. This may include specifying percentages, particular items, or other arrangements agreed upon by the partners. 5. Debts and liabilities: The agreement should address the responsibility for settling any outstanding debts, loans, or other financial obligations that were accumulated during the partnership. 6. Dispute resolution: The agreement may include provisions for how disputes related to the disposition of property will be resolved, such as through mediation or arbitration. It is important for partners considering a Washington Domestic Partnership Agreement to consult with an experienced attorney who specializes in family law or domestic partnerships to ensure that the agreement meets their specific needs and is legally enforceable.
