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MULVANEY LAW OFFICES, PLLC does not do Prenuptial Agreements.
RCW 26.16.120 gives spouses the right to agree to property division.
Many other rights are contained in Title 26 Section 16.
Married people in Community Property states such as Washington have the right to hold separate property during marriage.
Holding Separate Property during marriage does not require the consent of a spouse for property owned before marriage, gifts, inheritance, and pain and suffering damages which are all presumed to be Separate Property. However, proceeding with your spouse’s knowledge and written consent is best.
Key to enforceability is not commingling Separate Property with Community Property. Doing so creates a blended asset which can be difficult, time consuming and expensive to separate. Separate Property is like a tax deduction – if you can’t prove it, then you can’t take it.
Increasing enforceability of a Prenuptial Agreement requires each Party to have their own Counsel.
I believe that having one lawyer prepare estate plans for both Parties is best. The Parties waive potential conflicts of interest and each agree that they can hire their own lawyers at any time. Since I represent both Parties, I have to be fair to both and cannot keep confidences from either Party from each other. I also can never represent one Party against the other because of conflicts of interest. This promotes harmony and communication between the Parties.
Prenuptial Agreements attempt to address two main issues:
- Attempting to add to Separate Property during marriage; and
- Attempting to limit or eliminate Spousal Support in the event of Divorce.
Prenuptial Agreements are less enforceable the closer they are executed to the date of marriage.
Prenups should be signed at least six (6) months prior to the wedding in order to be knowing and voluntary and not subject to undue influence.
A Divorce Court can void a Prenuptial Agreement in whole or in part to the extent that it is not fair and equitable.
A Prenuptial Agreement can also be voided by the conduct of the Parties in not following their Agreement.
I believe that each Party listing and sharing assets and debts has value. Learning to talk about financial issues effectively during marriage has value and reduces disputes. If you start doing so when you each have your own lawyers, I believe you are more likely to each have your own lawyers in divorce. By learning to communicate if you do end up divorced, I believe it is more likely to be an uncontested divorce by mail which is permitted in Washington State.
I believe that having accounts in your name as Trustee of your Separate Property Trust into which gifts and inheritance can be deposited has value. It is a hedge against divorce and a hedge against disinheritance of children if you predecease them and your spouse remarries someone who likes their own kids better than yours. This is what happened to Cinderella. If Cinderella’s father would have had a Separate Property Trust as a Married Person, then the story would have been very boring because Cinderella would have had the irrevocable gift from her father that the step-mother couldn’t touch.
I had a case in which a father linked his bank account to his daughter’s Married Separate Property Trust Account so that he could give his daughter as much as he wanted whenever he wanted. This had the effect of empowering his daughter because she had her own money and could leave if she wanted to do so. Her husband had to be nice to her and treat her well, which is exactly what the father intended to accomplish.
I believe writing down how you are going to care for your Spouse, Children, Parents, Siblings, Charities, Churches and others has value. Doing so reduces anxiety and reduces disputes. Having some mortality awareness tends to make people behave in kinder ways and to have more gratitude.
I believe naming your Healthcare Agents and stating whether you want to be an Organ Donor has value. In the Terri Schiavo case, her parents and her husband litigated for 15 years (1990 to 2005) all the way to the Supreme Court before she died because she did not have a Medical Power of Attorney and Living Will.
I believe that stating whether you want your Healthcare Agent to “pull the plug” and whether you want food and water after that is done has value. Being on a ventilator is more likely because of the global pandemic. These are not the type of issues you want your family to fight about.
I believe that having appointing Mental/Behavioral Health Agent (including addiction issues) has value. Knowing how to both grant and restrict access to your sensitive Healthcare information can protect you from unauthorized access or use. Having some awareness of people’s issues with mental illness or addiction makes us all better and more compassionate human beings.
All of these things are included in Estate Planning. None are included in Prenuptial Agreements.
That is why MULVANEY LAW OFFICES, PLLC does not do Prenuptial Agreements.