1995 WISCONSIN ACT 355
An Act to amend 867.046 (2) (intro.); and to create 867.046 (6) of the statutes; relating to: property the interests in which may be confirmed in summary proceedings and to protection for purchasers of that property.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
867.046 (2) (intro.) of the statutes is amended to read:
867.046 (2) Upon death; interest in property. (intro.) As an alternative to sub. (1m), upon the death of any person having an interest in any real property, a vendor's interest in a land contract, an interest in a savings or checking account, an interest in a security or a mortgagee's interest in a mortgage, including an interest in survivorship marital property, the decedent's spouse or a beneficiary of a marital property agreement may obtain evidence of the termination of that interest of the decedent and confirmation of the petitioner's interest in the property by providing to the register of deeds of the county in which the property is located the certified death certificate for the decedent and, on applications supplied by the register of deeds for that purpose, all of the following information:
867.046 (6) of the statutes is created to read:
867.046 (6) Purchasers from petitioners protected. If an interest in property transferred under this section is acquired from the petitioner by a purchaser or lender in good faith, for value and without actual notice that the transfer was improper, the purchaser or lender takes title free of any claims of the decedent's estate and incurs no personal liability to the estate, whether or not the transfer was proper. Purchasers and lenders have no duty to inquire whether a transfer was proper.
(1) This act first applies to transfers because of deaths that occur on the effective date of this subsection.