Community Property Agreement

Community Property Agreement

_____________________________ (hereafter "Spouse 1") and _________________________ (hereafter "Spouse 2") hereby agree to the following:

That all property owned by Spouse 1, including property that may be purchased, inherited, or received in the future, and including any property registered solely in {his/her} name or purchased with {his/her} money from {his/her} account, will be considered community property from this date forth, to be shared equally with Spouse 2.

That all property owned by Spouse 2, including property that may be purchased, inherited, or received in the future, and including any property registered solely in {his/her} name or purchased with {his/her} money from {his/her} account, will be considered community property from this date forth, to be shared equally with Spouse 1.

That the following property owned by Spouse 1 will be exempt from this agreement: {List of exempt property and assets that will not be shared property}.

That the following property owned by Spouse 2 will be exempt from this agreement: {List of exempt property and assets that will not be shared property}.

That, should Spouse 2 survive Spouse 1, all community property shall be vested to Spouse 2 on the occasion of Spouse 1's death, in accordance with all state and federal laws.

That, should Spouse 1 survive Spouse 2, all community property shall be vested to Spouse 1 on the occasion of Spouse 2's death, in accordance with all state and federal laws.

In witness to their agreement to the terms of this contract, the parties affix their signatures below:

____________________________________
Spouse 1, signature & date

____________________________________
Spouse 2, signature & date

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