AB50,1518,1616(Pursuant to Section 766.589, Wisconsin Statutes) AB50,1519,217This agreement is entered into by .... and .... (husband and wife who are 18married) (who intend to marry) (strike one). The parties hereby classify the 19marital property owned by them when this agreement becomes effective, and 20property acquired during the term of this agreement which that would otherwise 21have been marital property, as the individual property of the owning spouse. The 22parties agree that ownership of such property shall be determined by the name in 23which the property is held and, if property is not held by either or both spouses,
1ownership shall be determined as if the parties were unmarried persons when the 2property was acquired. AB50,1519,63Upon the death of either spouse the surviving spouse may, except as otherwise 4provided in a subsequent marital property agreement, and regardless of whether 5this agreement has terminated, elect against the property of the decedent spouse as 6provided in section 766.589 (7) of the Wisconsin Statutes. AB50,1519,107One spouse may terminate this agreement at any time by giving signed notice 8of termination to the other spouse. Notice of termination by a spouse is given upon 9personal delivery or when sent by certified mail to the other spouse’s last-known 10address. The agreement terminates 30 days after such notice is given. AB50,1519,1511The parties (have) (have not) (strike one) completed Schedule “A”, “Financial 12Disclosure”, attached to this agreement. If Schedule “A” has not been completed, 13the duration of this agreement is 3 years after both parties have signed the 14agreement. If Schedule “A” has been completed, the duration of this agreement is 15not limited to 3 years after it is signed. AB50,1520,216IF THE DURATION OF THIS AGREEMENT IS NOT TO BE LIMITED TO 3 17YEARS, MAKE SURE THAT SCHEDULE “A”, “FINANCIAL DISCLOSURE”, IS 18COMPLETED AND THAT YOU HAVE REVIEWED THE SCHEDULE BEFORE 19SIGNING THE AGREEMENT. IF YOU AND YOUR SPOUSE HAVE 20PREVIOUSLY ENTERED INTO A STATUTORY TERMINABLE INDIVIDUAL 21PROPERTY CLASSIFICATION AGREEMENT WITH EACH OTHER WHICH 22WAS EFFECTIVE DURING YOUR PRESENT MARRIAGE AND YOU AND
1YOUR SPOUSE DID NOT COMPLETE SCHEDULE “A”, YOU MAY NOT 2EXECUTE THIS AGREEMENT IF YOU DO NOT COMPLETE SCHEDULE “A”. AB50,1520,33Signature of One Spouse: .... AB50,1520,55Print Name Here: .... AB50,1520,66Residence Address: .... AB50,1520,77(Make Sure Your Signature is Authenticated or Acknowledged Below.) AB50,1520,88Authentication AB50,1520,99Signature .... authenticated this .... day of ...., .... (year) AB50,1520,1111TITLE: MEMBER STATE BAR OF WISCONSIN AB50,1520,1212(If not, .... authorized by s. 706.06, Wis. Stats.) AB50,1520,1313Acknowledgment AB50,1520,1414STATE OF WISCONSIN ) AB50,1520,1616.... County ) AB50,1520,1917Personally came before me this .... day of ...., .... (year) the above named .... to 18me known to be the person who executed the foregoing instrument and 19acknowledge the same. AB50,1520,2121Notary Public ...., .... County, Wisconsin. AB50,1520,2222My Commission is permanent. AB50,1520,2323(If not, state expiration date: ...., .... (year)) AB50,1521,1
1(Signatures may be authenticated or AB50,1521,22acknowledged. Both are not necessary.) AB50,1521,33*Names of persons signing in any capacity should be AB50,1521,44typed or printed below their signatures. AB50,1521,55Signature of Other Spouse: .... AB50,1521,77Print Name Here: .... AB50,1521,88Residence Address: .... AB50,1521,99(Make Sure Your Signature is Authenticated or Acknowledged Below.) AB50,1521,1010Authentication AB50,1521,1111Signature .... authenticated this .... day of ...., .... (year) AB50,1521,1313TITLE: MEMBER STATE BAR OF WISCONSIN AB50,1521,1414(If not, .... authorized by s. 706.06, Wis. Stats.) AB50,1521,1515Acknowledgment AB50,1521,1616STATE OF WISCONSIN ) AB50,1521,1818.... County ) AB50,1521,2119Personally came before me this .... day of ...., .... (year) the above named .... to 20me known to be the person who executed the foregoing instrument and 21acknowledge the same. AB50,1521,2323Notary Public ...., .... County, Wisconsin. AB50,1522,1
1My Commission is permanent. AB50,1522,22(If not, state expiration date: ...., .... (year)) AB50,1522,33(Signatures may be authenticated or AB50,1522,44acknowledged. Both are not necessary.) AB50,1522,55*Names of persons signing in any capacity should AB50,1522,66be typed or printed below their signatures. AB50,1522,77Termination of AB50,1522,88Statutory terminable individual AB50,1522,99Property classification agreement AB50,1522,1010I UNDERSTAND THAT: AB50,1522,13111. THIS TERMINATION TAKES EFFECT 30 DAYS AFTER MY SPOUSE IS 12NOTIFIED OF THE TERMINATION, AS PROVIDED UNDER SECTION 766.589 13(4) OF THE WISCONSIN STATUTES. AB50,1522,18142. 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 18MARITAL PROPERTY LAW. AB50,1522,21193. IN GENERAL, THIS TERMINATION IS NOT BINDING ON 20CREDITORS UNLESS THEY ARE PROVIDED A COPY OF THE TERMINATION 21BEFORE CREDIT IS EXTENDED. AB50,1523,222The undersigned terminates the statutory terminable individual property
1classification agreement entered into by me and my spouse on .... (date last spouse 2signed the agreement) under section 766.589 of the Wisconsin Statutes. AB50,1523,33Signature: .... AB50,1523,55Print Name Here: .... AB50,1523,66Residence Address: .... AB50,1523,88Financial Disclosure AB50,1523,129The following general categories of assets and liabilities are not all inclusive 10and if other assets or liabilities exist they should be listed. Assets should be listed 11according to which spouse has title (including assets owned by a spouse or the 12spouses with one or more third parties) and at their approximate market value. AB50,1523,1313Husband Wife Spouse (Name) Spouse (Name) Both Names AB50,1523,1515A. Real estate (gross value) AB50,1523,1616B. Stocks, bonds and mutual funds AB50,1523,1817C. Accounts at and certificates and other 18instruments issued by financial institutions AB50,1523,2019D. Mortgages, land contracts, promissory notes 20and cash AB50,1523,2121E. Partnership interests AB50,1523,2222EL. Limited liability company interests AB50,1523,2323F. Trust interests AB50,1524,1
1G. Livestock, farm products, crops AB50,1524,22H. Automobiles and other vehicles AB50,1524,33I. Jewelry and personal effects AB50,1524,44J. Household furnishings AB50,1524,55K. Life insurance and annuities: AB50,1524,661. Face value AB50,1524,772. Cash surrender value AB50,1524,88L. Retirement benefits (include value): AB50,1524,991. Pension plans AB50,1524,10102. Profit sharing plans AB50,1524,11113. HR-10 KEOGH plans AB50,1524,13135. Deferred compensation plans
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