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SB70-AA10,272,44 (Signatures may be authenticated or
SB70-AA10,272,55 acknowledged. Both are not necessary.)
SB70-AA10,272,66 *Names of persons signing in any capacity should be
SB70-AA10,272,77 typed or printed below their signatures.
SB70-AA10,272,8 8Termination of statutory terminable
SB70-AA10,272,9 9marital property classification agreement
SB70-AA10,272,1010 I UNDERSTAND THAT:
SB70-AA10,272,1311 1. THIS TERMINATION TAKES EFFECT 30 DAYS AFTER MY SPOUSE IS
12NOTIFIED OF THE TERMINATION, AS PROVIDED UNDER SECTION 766.588
13(4) OF THE WISCONSIN STATUTES.
SB70-AA10,272,1814 2. THIS TERMINATION IS PROSPECTIVE; IT DOES NOT AFFECT THE
15CLASSIFICATION OF PROPERTY ACQUIRED BEFORE THE TERMINATION
16BECOMES EFFECTIVE. PROPERTY ACQUIRED AFTER THE TERMINATION
17BECOMES EFFECTIVE IS CLASSIFIED AS PROVIDED UNDER THE MARITAL
18PROPERTY LAW.
SB70-AA10,272,2119 3. IN GENERAL, THIS TERMINATION IS NOT BINDING ON CREDITORS
20UNLESS THEY ARE PROVIDED A COPY OF THE TERMINATION BEFORE
21CREDIT IS EXTENDED.
SB70-AA10,272,2422 The undersigned terminates the statutory terminable marital property
23classification agreement entered into by me and my spouse on .... (date last spouse
24signed the agreement) under section 766.588 of the Wisconsin Statutes.
SB70-AA10,272,2525 Signature: ....
SB70-AA10,273,1
1Date: ....
SB70-AA10,273,22 Print Name Here: ....
SB70-AA10,273,33 Residence Address: ....
SB70-AA10,273,4 4Schedule “A"
SB70-AA10,273,5 5Financial Disclosure
SB70-AA10,273,96 The following general categories of assets and liabilities are not all inclusive
7and if other assets or liabilities exist they should be listed. Assets should be listed
8according to which spouse has title (including assets owned by a spouse or the
9spouses with one or more third parties) and at their approximate market value.
SB70-AA10,273,10 10Husband   Wife   Spouse (Name)   Spouse (Name)   Both Names
SB70-AA10,273,1111 I.   Assets
SB70-AA10,273,1212 A.   Real estate (gross value)
SB70-AA10,273,1313 B.   Stocks, bonds and mutual funds
SB70-AA10,273,1514 C.   Accounts at and certificates or other
15instruments issued by financial institutions
SB70-AA10,273,1716 D.   Mortgages, land contracts, promissory notes
17and cash
SB70-AA10,273,1818 E.   Partnership interests
SB70-AA10,273,1919 EL.   Limited liability company interests.
SB70-AA10,273,2020 F.   Trust interests
SB70-AA10,273,2121 G.   Livestock, farm products, crops
SB70-AA10,273,2222 H.   Automobiles and other vehicles
SB70-AA10,273,2323 I.   Jewelry and personal effects
SB70-AA10,273,2424 J.   Household furnishings
SB70-AA10,273,2525 K.   Life insurance and annuities:
SB70-AA10,274,1
11.   Face value
SB70-AA10,274,22 2.   Cash surrender value
SB70-AA10,274,33 L.   Retirement benefits (include value):
SB70-AA10,274,44 1.   Pension plans
SB70-AA10,274,55 2.   Profit sharing plans
SB70-AA10,274,66 3.   HR-10 KEOGH plans
SB70-AA10,274,77 4.   IRAs
SB70-AA10,274,88 5.   Deferred compensation plans
SB70-AA10,274,99 M.   Other assets not listed elsewhere
SB70-AA10,274,1010 II.   Obligations (total outstanding balance):
SB70-AA10,274,1111 A.   Mortgages and liens
SB70-AA10,274,1212 B.   Credit cards
SB70-AA10,274,1313 C.   Other obligations to financial institutions
SB70-AA10,274,1514 D.   Alimony, maintenance and child support (per
15month)
SB70-AA10,274,1816 E.   Other obligations (such as other obligations
17to individuals, guarantees, contingent
18liabilities)
SB70-AA10,274,1919 III.   Annual compensation for services:
SB70-AA10,274,2120 (for example, wages and income from
21self-employment; also include social security,
SB70-AA10,274,2222 disability and similar income here)
SB70-AA10,274,2323 (IF YOU NEED ADDITIONAL SPACE,
SB70-AA10,274,2424 ADD ADDITIONAL SHEETS)
SB70-AA10,574 25Section 574. 766.589 (10) (form) 14. of the statutes is amended to read:
SB70-AA10,275,4
1766.589 (10) (form) 14. IF AFTER ENTERING INTO THIS AGREEMENT
2ONE OR BOTH OF YOU ESTABLISH A DOMICILE OUTSIDE THIS STATE, YOU
3ARE URGED TO SEEK LEGAL ADVICE CONCERNING THE CONTINUED
4EFFECTIVENESS OF THIS AGREEMENT.
SB70-AA10,275,5 5Statutory terminable individual
SB70-AA10,275,6 6Property classification agreement
SB70-AA10,275,77 (Pursuant to Section 766.589, Wisconsin Statutes)
SB70-AA10,275,168 This agreement is entered into by .... and .... (husband and wife who are
9married
) (who intend to marry) (strike one). The parties hereby classify the marital
10property owned by them when this agreement becomes effective, and property
11acquired during the term of this agreement which that would otherwise have been
12marital property, as the individual property of the owning spouse. The parties agree
13that ownership of such property shall be determined by the name in which the
14property is held and, if property is not held by either or both spouses, ownership shall
15be determined as if the parties were unmarried persons when the property was
16acquired.
SB70-AA10,275,2017 Upon the death of either spouse the surviving spouse may, except as otherwise
18provided in a subsequent marital property agreement, and regardless of whether
19this agreement has terminated, elect against the property of the decedent spouse as
20provided in section 766.589 (7) of the Wisconsin Statutes.
SB70-AA10,275,2421 One spouse may terminate this agreement at any time by giving signed notice
22of termination to the other spouse. Notice of termination by a spouse is given upon
23personal delivery or when sent by certified mail to the other spouse's last-known
24address. The agreement terminates 30 days after such notice is given.
SB70-AA10,276,5
1The parties (have) (have not) (strike one) completed Schedule “A", “Financial
2Disclosure", attached to this agreement. If Schedule “A" has not been completed, the
3duration of this agreement is 3 years after both parties have signed the agreement.
4If Schedule “A" has been completed, the duration of this agreement is not limited to
53 years after it is signed.
SB70-AA10,276,146 IF THE DURATION OF THIS AGREEMENT IS NOT TO BE LIMITED TO 3
7YEARS, MAKE SURE THAT SCHEDULE “A", “FINANCIAL DISCLOSURE", IS
8COMPLETED AND THAT YOU HAVE REVIEWED THE SCHEDULE BEFORE
9SIGNING THE AGREEMENT. IF YOU AND YOUR SPOUSE HAVE PREVIOUSLY
10ENTERED INTO A STATUTORY TERMINABLE INDIVIDUAL PROPERTY
11CLASSIFICATION AGREEMENT WITH EACH OTHER WHICH WAS
12EFFECTIVE DURING YOUR PRESENT MARRIAGE AND YOU AND YOUR
13SPOUSE DID NOT COMPLETE SCHEDULE “A", YOU MAY NOT EXECUTE THIS
14AGREEMENT IF YOU DO NOT COMPLETE SCHEDULE “A".
SB70-AA10,276,1515 Signature of One Spouse: ....
SB70-AA10,276,1616 Date: ....
SB70-AA10,276,1717 Print Name Here: ....
SB70-AA10,276,1818 Residence Address: ....
SB70-AA10,276,1919 (Make Sure Your Signature is Authenticated or Acknowledged Below.)
SB70-AA10,276,20 20Authentication
SB70-AA10,276,2121 Signature .... authenticated this .... day of ...., .... (year)
SB70-AA10,276,2323 TITLE: MEMBER STATE BAR OF WISCONSIN
SB70-AA10,276,2424 (If not, .... authorized by s. 706.06, Wis. Stats.)
SB70-AA10,276,25 25Acknowledgment
SB70-AA10,277,1
1STATE OF WISCONSIN   )
SB70-AA10,277,22 )   ss.
SB70-AA10,277,33 .... County   )
SB70-AA10,277,64 Personally came before me this .... day of ...., .... (year) the above named .... to
5me known to be the person who executed the foregoing instrument and acknowledge
6the same.
SB70-AA10,277,88 Notary Public ...., .... County, Wisconsin.
SB70-AA10,277,99 My Commission is permanent.
SB70-AA10,277,1010 (If not, state expiration date: ...., .... (year))
SB70-AA10,277,1111 (Signatures may be authenticated or
SB70-AA10,277,1212 acknowledged. Both are not necessary.)
SB70-AA10,277,1313 *Names of persons signing in any capacity should be
SB70-AA10,277,1414 typed or printed below their signatures.
SB70-AA10,277,1515 Signature of Other Spouse: ....
SB70-AA10,277,1616 Date: ....
SB70-AA10,277,1717 Print Name Here: ....
SB70-AA10,277,1818 Residence Address: ....
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