AB50: Bill Text

AB50,1513,13 *....

AB50,1513,14 TITLE: MEMBER STATE BAR OF WISCONSIN

AB50,1513,15 (If not, .... authorized by s. 706.06, Wis. Stats.)

AB50,1513,16 Acknowledgment

AB50,1513,17 STATE OF WISCONSIN   )

AB50,1513,18 )   ss.

AB50,1513,19 .... County   )

AB50,1513,22 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.

AB50,1513,23 *....

AB50,1514,1 Notary Public ...., .... County, Wisconsin.

AB50,1514,2 My Commission is permanent.

AB50,1514,3 (If not, state expiration date: ...., .... (year))

AB50,1514,4 (Signatures may be authenticated or

AB50,1514,5 acknowledged. Both are not necessary.)

AB50,1514,6 *Names of persons signing in any capacity should be

AB50,1514,7 typed or printed below their signatures.

AB50,1514,8 Signature of Other Spouse: ....

AB50,1514,9 Date: ....

AB50,1514,10 Print Name Here: ....

AB50,1514,11 Residence Address: ....

AB50,1514,12 (Make Sure Your Signature is Authenticated or Acknowledged Below.)

AB50,1514,13 Authentication

AB50,1514,14 Signature .... authenticated this .... day of ...., .... (year)

AB50,1514,15 *....

AB50,1514,16 TITLE: MEMBER STATE BAR OF WISCONSIN

AB50,1514,17 (If not, .... authorized by s. 706.06, Wis. Stats.)

AB50,1514,18 Acknowledgment

AB50,1514,19 STATE OF WISCONSIN   )

AB50,1514,20 )   ss.

AB50,1514,21 .... County   )

AB50,1515,2 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.

AB50,1515,3 *....

AB50,1515,4 Notary Public ...., .... County, Wisconsin.

AB50,1515,5 My Commission is permanent.

AB50,1515,6 (If not, state expiration date: ...., .... (year))

AB50,1515,7 (Signatures may be authenticated or

AB50,1515,8 acknowledged. Both are not necessary.)

AB50,1515,9 *Names of persons signing in any capacity should be

AB50,1515,10 typed or printed below their signatures.

AB50,1515,11 Termination of statutory terminable

AB50,1515,12 marital property classification agreement

AB50,1515,13 I UNDERSTAND THAT:

AB50,1515,16 1. THIS TERMINATION TAKES EFFECT 30 DAYS AFTER MY SPOUSE IS NOTIFIED OF THE TERMINATION, AS PROVIDED UNDER SECTION 766.588 (4) OF THE WISCONSIN STATUTES.

AB50,1515,21 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.

AB50,1516,2 3. IN GENERAL, THIS TERMINATION IS NOT BINDING ON CREDITORS UNLESS THEY ARE PROVIDED A COPY OF THE TERMINATION BEFORE CREDIT IS EXTENDED.

AB50,1516,5 The undersigned terminates the statutory terminable marital property classification agreement entered into by me and my spouse on .... (date last spouse signed the agreement) under section 766.588 of the Wisconsin Statutes.

AB50,1516,6 Signature: ....

AB50,1516,7 Date: ....

AB50,1516,8 Print Name Here: ....

AB50,1516,9 Residence Address: ....

AB50,1516,10 Schedule “A”

AB50,1516,11 Financial Disclosure

AB50,1516,15 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.

AB50,1516,16 Husband   Wife   Spouse (Name)   Spouse (Name)   Both Names

AB50,1516,17 I.   Assets

AB50,1516,18 A.   Real estate (gross value)

AB50,1516,19 B.   Stocks, bonds and mutual funds

AB50,1516,21 C.   Accounts at and certificates or other instruments issued by financial institutions

AB50,1516,23 D.   Mortgages, land contracts, promissory notes and cash

AB50,1517,1 E.   Partnership interests

AB50,1517,2 EL.   Limited liability company interests.

AB50,1517,3 F.   Trust interests

AB50,1517,4 G.   Livestock, farm products, crops

AB50,1517,5 H.   Automobiles and other vehicles

AB50,1517,6 I.   Jewelry and personal effects

AB50,1517,7 J.   Household furnishings

AB50,1517,8 K.   Life insurance and annuities:

AB50,1517,9 1.   Face value

AB50,1517,10 2.   Cash surrender value

AB50,1517,11 L.   Retirement benefits (include value):

AB50,1517,12 1.   Pension plans

AB50,1517,13 2.   Profit sharing plans

AB50,1517,14 3.   HR-10 KEOGH plans

AB50,1517,15 4.   IRAs

AB50,1517,16 5.   Deferred compensation plans

AB50,1517,17 M.   Other assets not listed elsewhere

AB50,1517,18 II.   Obligations (total outstanding balance):

AB50,1517,19 A.   Mortgages and liens

AB50,1517,20 B.   Credit cards

AB50,1517,21 C.   Other obligations to financial institutions

AB50,1517,23 D.   Alimony, maintenance and child support (per month)

AB50,1518,2 E.   Other obligations (such as other obligations to individuals, guarantees, contingent liabilities)

AB50,1518,3 III.   Annual compensation for services:

AB50,1518,5 (for example, wages and income from self- employment; also include social security,

AB50,1518,6 disability and similar income here)

AB50,1518,7 (IF YOU NEED ADDITIONAL SPACE,

AB50,1518,8 ADD ADDITIONAL SHEETS)

AB50,3034 Section 3034. 766.589 (10) (form) 14. of the statutes is amended to read:

AB50,1518,13 766.589 (10) (form) 14. IF AFTER ENTERING INTO THIS AGREEMENT ONE OR BOTH OF YOU ESTABLISH A DOMICILE OUTSIDE THIS STATE, YOU ARE URGED TO SEEK LEGAL ADVICE CONCERNING THE CONTINUED EFFECTIVENESS OF THIS AGREEMENT.