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(Pursuant to Section 766.587, Wisconsin Statutes)
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This agreement is made and entered into by .... and ...., (
husband and wife who
10are married) (who intend to marry) (strike one).
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The parties to this agreement agree to classify all their property, including
12property owned by them now and property acquired before January 1, 1987, as the
13individual property of the owning spouse, and agree that ownership of their property
14shall be determined as if it were December 31, 1985.
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This agreement terminates on January 1, 1987.
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Signature .... Date ....
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Print Name Here: ....
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Address: ....
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Signature .... Date ....
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Print Name Here: ....
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Address: ....
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[
Note: Each spouse should retain a copy of the agreement for himself or
23herself.]
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24Section 228
. 766.588 (9) (form) 13. of the statutes is amended to read:
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1766.588
(9) (form) 13. IF AFTER ENTERING INTO THIS AGREEMENT ONE
2OR BOTH OF YOU ESTABLISH A DOMICILE OUTSIDE THIS STATE, YOU ARE
3URGED TO SEEK LEGAL ADVICE CONCERNING THE CONTINUED
4EFFECTIVENESS OF THIS AGREEMENT.
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5Statutory terminable marital
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6Property classification agreement
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(Pursuant to Section 766.588, Wisconsin Statutes)
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This agreement is entered into by .... and .... (
husband and wife who are
9married) (who intend to marry) (strike one). The parties hereby classify all of the
10property owned by them when this agreement becomes effective, and property
11acquired during the term of this agreement, as marital property.
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One spouse may terminate this agreement at any time by giving signed notice
13of termination to the other spouse. Notice of termination by a spouse is given upon
14personal delivery or when sent by certified mail to the other spouse's last-known
15address. The agreement terminates 30 days after such notice is given.
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The parties (have) (have not) (strike one) completed Schedule “A", “
Financial
17Disclosure", attached to this agreement. If Schedule “A" has not been completed, the
18duration of this agreement is 3 years after both parties have signed the agreement.
19If Schedule “A" has been completed, the duration of this agreement is not limited to
203 years after it is signed.
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IF THE DURATION OF THIS AGREEMENT IS NOT TO BE LIMITED TO 3
22YEARS, MAKE SURE SCHEDULE “A", “FINANCIAL DISCLOSURE", IS
23COMPLETED AND THAT YOU HAVE REVIEWED THE SCHEDULE BEFORE
24SIGNING THE AGREEMENT. IF YOU AND YOUR SPOUSE HAVE PREVIOUSLY
25ENTERED INTO A STATUTORY TERMINABLE MARITAL PROPERTY
1CLASSIFICATION AGREEMENT WITH EACH OTHER WHICH WAS
2EFFECTIVE DURING YOUR PRESENT MARRIAGE AND YOU AND YOUR
3SPOUSE DID NOT COMPLETE SCHEDULE “A", YOU MAY NOT EXECUTE THIS
4AGREEMENT IF YOU DO NOT COMPLETE SCHEDULE “A".
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Signature of One Spouse: ....
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Print Name Here: ....
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Residence Address: ....
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(Make Sure Your Signature is Authenticated or Acknowledged Below.)
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10Authentication
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Signature .... authenticated this .... day of ...., .... (year)
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TITLE: MEMBER STATE BAR OF WISCONSIN
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(If not, .... authorized by s. 706.06, Wis. Stats.)
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15Acknowledgment
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STATE OF WISCONSIN
)
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.... County
)
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Personally came before me this .... day of ...., .... (year) the above named .... to
20me known to be the person who executed the foregoing instrument and acknowledge
21the same.
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Notary Public ...., .... County, Wisconsin.
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My Commission is permanent.
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(If not, state expiration date: ...., .... (year))
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1(Signatures may be authenticated or
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acknowledged. Both are not necessary.)
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*Names of persons signing in any capacity should be
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typed or printed below their signatures.
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Signature of Other Spouse: ....
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Print Name Here: ....
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Residence Address: ....
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(Make Sure Your Signature is Authenticated or Acknowledged Below.)
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10Authentication
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Signature .... authenticated this .... day of ...., .... (year)
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TITLE: MEMBER STATE BAR OF WISCONSIN
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(If not, .... authorized by s. 706.06, Wis. Stats.)
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15Acknowledgment
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STATE OF WISCONSIN
)
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.... County
)
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Personally came before me this .... day of ...., .... (year) the above named .... to
20me known to be the person who executed the foregoing instrument and acknowledge
21the same.
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Notary Public ...., .... County, Wisconsin.
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My Commission is permanent.
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(If not, state expiration date: ...., .... (year))
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1(Signatures may be authenticated or
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acknowledged. Both are not necessary.)
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*Names of persons signing in any capacity should be
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typed or printed below their signatures.
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5Termination of statutory terminable
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6marital property classification agreement
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I UNDERSTAND THAT:
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1. THIS TERMINATION TAKES EFFECT 30 DAYS AFTER MY SPOUSE IS
9NOTIFIED OF THE TERMINATION, AS PROVIDED UNDER SECTION 766.588
10(4) OF THE WISCONSIN STATUTES.
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2. THIS TERMINATION IS PROSPECTIVE; IT DOES NOT AFFECT THE
12CLASSIFICATION OF PROPERTY ACQUIRED BEFORE THE TERMINATION
13BECOMES EFFECTIVE. PROPERTY ACQUIRED AFTER THE TERMINATION
14BECOMES EFFECTIVE IS CLASSIFIED AS PROVIDED UNDER THE MARITAL
15PROPERTY LAW.
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3. IN GENERAL, THIS TERMINATION IS NOT BINDING ON CREDITORS
17UNLESS THEY ARE PROVIDED A COPY OF THE TERMINATION BEFORE
18CREDIT IS EXTENDED.
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The undersigned terminates the statutory terminable marital property
20classification agreement entered into by me and my spouse on .... (date last spouse
21signed the agreement) under section 766.588 of the Wisconsin Statutes.
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Signature: ....
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Print Name Here: ....
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Residence Address: ....
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2Financial Disclosure
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The following general categories of assets and liabilities are not all inclusive
4and if other assets or liabilities exist they should be listed. Assets should be listed
5according to which spouse has title (including assets owned by a spouse or the
6spouses with one or more third parties) and at their approximate market value.
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7Husband Wife
Spouse (Name) Spouse (Name) Both Names
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A.
Real estate (gross value)
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B.
Stocks, bonds and mutual funds
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C.
Accounts at and certificates or other
12instruments issued by financial institutions
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D.
Mortgages, land contracts, promissory notes
14and cash
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E.
Partnership interests
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EL.
Limited liability company interests
.
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F.
Trust interests
