SB489-SSA1,1,105
700.17
(2) (a) Each of 2 or more joint tenants has an equal interest in the whole
6property for the duration of the tenancy, irrespective of unequal contributions at its
7creation. On the death of one of 2 joint tenants, the survivor becomes the sole owner;
8on the death of one of 3 or more joint tenants, the survivors are joint tenants of the
9entire interest
, except that if a survivor disclaims under s. 701.27 (2) (b) 1., the joint
10tenancy is severed as of the date of death with respect to the disclaimed interest.
SB489-SSA1,2,413
701.27
(2) (b) 1. Upon the death of a joint tenant
that occurs on or after the
14effective date of this subdivision .... [revisor inserts date], a surviving joint tenant
1may
not disclaim any property or interest in property
which that would otherwise
2accrue to him or her by right of survivorship and that is the subject of the joint
3tenancy.
A surviving joint tenant may disclaim the entire interest if he or she fulfills
4the requirements under section 2518 of the internal revenue code. SB489-SSA1,2,86
701.27
(2) (b) 2. Any property or interest in property or portion of property or
7interest in property that is disclaimed under subd. 1. shall become an asset in the
8decedent's probate estate.
SB489-SSA1,2,1110
701.27
(6) (d)
Nonapplicability. This subsection does not apply to a disclaimer
11under sub. (2) (b), the effect of which is provided in sub. (2) (b) 2.
