SB566: Bill Text

SB566,56,16 acknowledged. Both are not necessary.)

SB566,56,17 *Names of persons signing in any capacity should be

SB566,56,18 typed or printed below their signatures.

SB566,56,19 Signature of Other Spouse: ....

SB566,56,20 Date: ....

SB566,56,21 Print Name Here: ....

SB566,56,22 Residence Address: ....

SB566,56,23 (Make Sure Your Signature is Authenticated or Acknowledged Below.)

SB566,56,24 Authentication

SB566,56,25 Signature .... authenticated this .... day of ...., .... (year)

SB566,57,1 *....

SB566,57,2 TITLE: MEMBER STATE BAR OF WISCONSIN

SB566,57,3 (If not, .... authorized by s. 706.06, Wis. Stats.)

SB566,57,4 Acknowledgment

SB566,57,5 STATE OF WISCONSIN   )

SB566,57,6 )   ss.

SB566,57,7 .... County   )

SB566,57,10 Personally came before me this .... day of ...., .... (year) the above named .... to me known to be the person who executed the foregoing instrument and acknowledge the same.

SB566,57,11 *....

SB566,57,12 Notary Public ...., .... County, Wisconsin.

SB566,57,13 My Commission is permanent.

SB566,57,14 (If not, state expiration date: ...., .... (year))

SB566,57,15 (Signatures may be authenticated or

SB566,57,16 acknowledged. Both are not necessary.)

SB566,57,17 *Names of persons signing in any capacity should

SB566,57,18 be typed or printed below their signatures.

SB566,57,19 Termination of

SB566,57,20 Statutory terminable individual

SB566,57,21 Property classification agreement

SB566,57,22 I UNDERSTAND THAT:

SB566,57,25 1. THIS TERMINATION TAKES EFFECT 30 DAYS AFTER MY SPOUSE IS NOTIFIED OF THE TERMINATION, AS PROVIDED UNDER SECTION 766.589 (4) OF THE WISCONSIN STATUTES.

SB566,58,5 2. THIS TERMINATION IS PROSPECTIVE; IT DOES NOT AFFECT THE CLASSIFICATION OF PROPERTY ACQUIRED BEFORE THE TERMINATION BECOMES EFFECTIVE. PROPERTY ACQUIRED AFTER THE TERMINATION BECOMES EFFECTIVE IS CLASSIFIED AS PROVIDED UNDER THE MARITAL PROPERTY LAW.

SB566,58,8 3. IN GENERAL, THIS TERMINATION IS NOT BINDING ON CREDITORS UNLESS THEY ARE PROVIDED A COPY OF THE TERMINATION BEFORE CREDIT IS EXTENDED.

SB566,58,11 The undersigned terminates the statutory terminable individual property classification agreement entered into by me and my spouse on .... (date last spouse signed the agreement) under section 766.589 of the Wisconsin Statutes.

SB566,58,12 Signature: ....

SB566,58,13 Date: ....

SB566,58,14 Print Name Here: ....

SB566,58,15 Residence Address: ....

SB566,58,16 Schedule “A"

SB566,58,17 Financial Disclosure

SB566,58,21 The following general categories of assets and liabilities are not all inclusive and if other assets or liabilities exist they should be listed. Assets should be listed according to which spouse has title (including assets owned by a spouse or the spouses with one or more third parties) and at their approximate market value.

SB566,58,22 Husband   Wife   Spouse (Name)   Spouse (Name)   Both Names

SB566,58,23 I.   Assets:

SB566,58,24 A.   Real estate (gross value)

SB566,58,25 B.   Stocks, bonds and mutual funds

SB566,59,2 C.   Accounts at and certificates and other instruments issued by financial institutions

SB566,59,4 D.   Mortgages, land contracts, promissory notes and cash

SB566,59,5 E.   Partnership interests

SB566,59,6 EL.   Limited liability company interests

SB566,59,7 F.   Trust interests

SB566,59,8 G.   Livestock, farm products, crops

SB566,59,9 H.   Automobiles and other vehicles

SB566,59,10 I.   Jewelry and personal effects

SB566,59,11 J.   Household furnishings

SB566,59,12 K.   Life insurance and annuities:

SB566,59,13 1.   Face value

SB566,59,14 2.   Cash surrender value

SB566,59,15 L.   Retirement benefits (include value):

SB566,59,16 1.   Pension plans

SB566,59,17 2.   Profit sharing plans

SB566,59,18 3.   HR-10 KEOGH plans

SB566,59,19 4.   IRAs

SB566,59,20 5.   Deferred compensation plans

SB566,59,21 M.   Other assets not listed elsewhere

SB566,59,22 II.   Obligations (total outstanding balance):

SB566,59,23 A.   Mortgages and liens

SB566,59,24 B.   Credit cards

SB566,59,25 C.   Other obligations to financial institutions

SB566,60,2 D.   Alimony, maintenance and child support (per month)

SB566,60,5 E.   Other obligations (such as other obligations to individuals, guarantees, contingent liabilities)

SB566,60,6 III.   Annual compensation for services:

SB566,60,8 (for example, wages and income from self-employment; also include social security,

SB566,60,9 disability and similar income here)

SB566,60,10 (IF YOU NEED ADDITIONAL SPACE,

SB566,60,11 ADD ADDITIONAL SHEETS.)

SB566,138 Section 138 . 767.215 (2) (b) of the statutes is amended to read:

SB566,60,15 767.215 (2) (b) The name and birthdate of each minor child of the parties and each other child born to the wife a party during the marriage, and whether the wife a party is pregnant.

SB566,139 Section 139 . 767.215 (5) (a) 2. of the statutes is amended to read:

SB566,60,19 767.215 (5) (a) 2. The name, date of birth, and social security number of each minor child of the parties and of each child who was born to the wife a party during the marriage and who is a minor.

SB566,140 Section 140 . 767.323 of the statutes is amended to read:

SB566,61,9 767.323 Suspension of proceedings to effect reconciliation. During the pendency of an action for divorce or legal separation, the court may, upon written stipulation of both parties that they desire to attempt a reconciliation, enter an order suspending any and all orders and proceedings for such period, not exceeding 90 days, as the court determines advisable to permit the parties to attempt a reconciliation without prejudice to their respective rights. During the suspension period, the parties may resume living together as husband and wife a married couple and their acts and conduct do not constitute an admission that the marriage is not irretrievably broken or a waiver of the ground that the parties have voluntarily lived apart continuously for 12 months or more immediately prior to the commencement of the action. Suspension may be revoked upon the motion of either party by an order of the court. If the parties become reconciled, the court shall dismiss the action. If the parties are not reconciled after the period of suspension, the action shall proceed as though no reconciliation period was attempted.

SB566,141 Section 141 . 767.80 (1) (intro.) of the statutes is amended to read:

SB566,61,14 767.80 (1) Who may bring action or file motion. (intro.) The following persons may bring an action or file a motion, including an action or motion for declaratory judgment, for the purpose of determining the paternity of a child or for the purpose of rebutting the presumption of paternity parentage under s. 891.405 or 891.41 (1):

SB566,142 Section 142 . 767.80 (1) (c) of the statutes is amended to read:

SB566,61,17 767.80 (1) (c) Unless s. 767.805 (1) applies, a male person presumed to be the child's father parent under s. 891.405 or 891.41 (1).

SB566,143 Section 143 . 767.80 (2) of the statutes is amended to read:

SB566,62,2 767.80 (2) Certain agreements not a bar to action. Regardless of its terms, an agreement made after July 1, 1981, other than an agreement approved by the court between an alleged or presumed father parent and the mother or child, does not bar an action under this section. Whenever the court approves an agreement in which one of the parties agrees not to commence an action under this section, the court shall first determine whether or not the agreement is in the best interest of the child. The court shall not approve any provision waiving the right to bring an action under this section if this provision is contrary to the best interests of the child.

SB566,144 Section 144 . 767.803 of the statutes is amended to read:

SB566,62,13 767.803 Determination of marital children. If the father and mother natural parents of a nonmarital child enter into a lawful marriage or a marriage which appears and they believe is lawful, except where the parental rights of the mother parent who gave birth were terminated before either of these circumstances, the child becomes a marital child, is entitled to a change in birth record under s. 69.15 (3) (b), and shall enjoy all of the rights and privileges of a marital child as if he or she had been born during the marriage of the parents. This section applies to all cases before, on, or after its effective date, but no estate already vested shall be divested by this section and ss. 765.05 to 765.24 and 852.05. The children of all marriages declared void under the law are nevertheless marital children.