AB992,36,77 766.589 (10) (form)
AB992,36,8 8Notice to persons who sign this agreement
AB992,36,239 1. A PROPERTY LAW KNOWN AS THE MARITAL PROPERTY SYSTEM
10GOVERNS THE PROPERTY RIGHTS OF MARRIED PERSONS IN WISCONSIN.
11AFTER THE MARITAL PROPERTY SYSTEM APPLIES TO A MARRIED
12COUPLE, EACH SPOUSE HAS AN UNDIVIDED ONE-HALF OWNERSHIP
13INTEREST IN PROPERTY, SUCH AS WAGES, DEFERRED EMPLOYMENT
14BENEFITS, LIFE INSURANCE, INCOME FROM PROPERTY AND CERTAIN
15APPRECIATION OF PROPERTY, THEREAFTER ACQUIRED DURING
16MARRIAGE DUE TO THE EFFORTS OF EITHER OR BOTH SPOUSES. THIS
17AGREEMENT ALTERS THE LAW GOVERNING YOUR PROPERTY RIGHTS.
18THE PURPOSE OF THE FOLLOWING INFORMATION IS TO APPRISE YOU, IN
19VERY GENERAL TERMS, OF SOME OF THE MORE IMPORTANT ASPECTS
20AND POSSIBLE EFFECTS OF THIS AGREEMENT. THE INFORMATION IS
21NOT INTENDED TO BE A PRECISE OR COMPLETE RECITATION OF THE LAW
22APPLICABLE TO THIS AGREEMENT AND IS NOT A SUBSTITUTE FOR LEGAL
23ADVICE.
AB992,37,424 2. BY ENTERING INTO THIS AGREEMENT, YOU HAVE AGREED TO
25RELINQUISH YOUR RIGHTS TO AN AUTOMATIC OWNERSHIP INTEREST IN

1PROPERTY ACQUIRED AS A RESULT OF SPOUSAL EFFORT DURING
2MARRIAGE AND THE TERM OF THE AGREEMENT; HOWEVER, YOU ARE
3ACQUIRING AUTOMATIC OWNERSHIP RIGHTS TO PROPERTY TITLED IN
4YOUR NAME.
AB992,37,55 3. THIS AGREEMENT MAY AFFECT:
AB992,37,76 A. YOUR ACCESS TO CREDIT AND THE PROPERTY AVAILABLE TO
7SATISFY OBLIGATIONS INCURRED BY YOU OR YOUR SPOUSE.
AB992,37,98 B. THE ACCUMULATION OF AND THE MANAGEMENT AND CONTROL
9OF PROPERTY BY YOU DURING YOUR MARRIAGE.
AB992,37,1110 C. THE AMOUNT OF PROPERTY YOU HAVE TO DISPOSE OF AT YOUR
11DEATH.
AB992,37,1212 D. YOUR TAXES.
AB992,37,1413 E. ANY PREVIOUS MARRIAGE AGREEMENT ENTERED INTO BY YOU
14AND YOUR SPOUSE.
AB992,37,1515 4. THIS AGREEMENT DOES NOT:
AB992,37,1616 A. AFFECT RIGHTS AT DIVORCE.
AB992,37,1817 B. ALTER THE LEGAL DUTY OF SUPPORT THAT SPOUSES HAVE TO
18EACH OTHER OR THAT A SPOUSE HAS TO HIS OR HER CHILDREN.
AB992,37,2319 5. NOTWITHSTANDING THIS AGREEMENT, THE PROPERTY
20CLASSIFIED BY THIS AGREEMENT WHICH IS OWNED BY THE FIRST
21SPOUSE TO DIE IS SUBJECT TO CERTAIN ELECTIVE RIGHTS OF THE
22SURVIVING SPOUSE. YOU MAY BAR THESE ELECTIVE RIGHTS BY
23SEPARATE MARITAL PROPERTY AGREEMENT.
AB992,38,524 6. IN GENERAL, THIS AGREEMENT IS NOT BINDING ON CREDITORS
25UNLESS THE CREDITOR IS FURNISHED A COPY OF THE AGREEMENT

1BEFORE CREDIT IS EXTENDED. (IT IS NOT NECESSARY TO FURNISH A
2COPY OF THE FINANCIAL DISCLOSURE FORM.) IN ADDITION, THIRD
3PARTIES OTHER THAN CREDITORS MIGHT NOT BE BOUND BY THIS
4AGREEMENT UNLESS THEY HAVE ACTUAL KNOWLEDGE OF THE TERMS
5OF THE AGREEMENT.
AB992,38,106 7. IF YOU WISH TO AFFECT AN INTEREST IN YOUR REAL PROPERTY
7WITH THIS AGREEMENT, PARTICULARLY IN RELATION TO THIRD PARTIES,
8ADDITIONAL LEGAL PROCEDURES AND FORMALITIES MAY BE REQUIRED.
9IF YOU HAVE QUESTIONS REGARDING THE EFFECT OF THIS AGREEMENT
10ON YOUR REAL PROPERTY, YOU ARE URGED TO SEEK LEGAL ADVICE.
AB992,39,211 8. IF YOU DO NOT COMPLETE SCHEDULE "A", "FINANCIAL
12DISCLOSURE", AND THE AGREEMENT BECOMES EFFECTIVE, THE
13AGREEMENT TERMINATES 3 YEARS AFTER THE DATE THAT YOU BOTH
14HAVE SIGNED THE AGREEMENT AND YOU MAY NOT EXECUTE A
15SUBSEQUENT STATUTORY TERMINABLE INDIVIDUAL PROPERTY
16CLASSIFICATION AGREEMENT WITH THE SAME SPOUSE DURING THE
17SAME MARRIAGE UNLESS YOU COMPLETE THE FINANCIAL DISCLOSURE
18FORM. IF YOU INTEND THAT THIS AGREEMENT EXTEND BEYOND 3
19YEARS, EACH OF YOU, BEFORE SIGNING THE AGREEMENT, MUST
20DISCLOSE TO THE OTHER YOUR EXISTING PROPERTY AND YOUR
21EXISTING FINANCIAL OBLIGATIONS, BY COMPLETING SCHEDULE "A",
22"FINANCIAL DISCLOSURE". IF SCHEDULE "A" HAS BEEN FILLED OUT BUT
23IN A LEGAL ACTION AGAINST YOU TO ENFORCE THE AGREEMENT YOU
24SHOW THAT THE INFORMATION ON SCHEDULE "A" DID NOT PROVIDE YOU
25WITH FAIR AND REASONABLE DISCLOSURE UNDER THE

1CIRCUMSTANCES, THE DURATION OF THE AGREEMENT IS 3 YEARS AFTER
2BOTH PARTIES SIGNED THE AGREEMENT.
AB992,39,123 9. ONE SPOUSE MAY TERMINATE THIS AGREEMENT AT ANY TIME BY
4GIVING SIGNED NOTICE OF TERMINATION TO THE OTHER SPOUSE. THE
5AGREEMENT TERMINATES 30 DAYS AFTER NOTICE IS GIVEN. IF SUCH
6NOTICE OF TERMINATION IS GIVEN BY ONE SPOUSE TO THE OTHER
7SPOUSE, EACH SPOUSE HAS A DUTY TO THE OTHER SPOUSE TO ACT IN
8GOOD FAITH IN MATTERS INVOLVING THE PROPERTY OF THE SPOUSE
9WHO IS REQUIRED TO ACT IN GOOD FAITH WHICH HAS BEEN CLASSIFIED
10AS INDIVIDUAL PROPERTY BY THIS AGREEMENT. THE GOOD FAITH DUTY
11CONTINUES UNTIL THE AGREEMENT TERMINATES (30 DAYS AFTER
12NOTICE IS GIVEN).
AB992,39,1513 10. TERMINATION OF THIS AGREEMENT DOES NOT BY ITSELF
14CHANGE THE CLASSIFICATION OF PROPERTY CLASSIFIED BY THE
15AGREEMENT.
AB992,39,1716 11. THIS AGREEMENT MAY BE AMENDED, REVOKED OR
17SUPPLEMENTED BY A LATER MARITAL PROPERTY AGREEMENT.
AB992,40,218 12. BOTH PARTIES MUST SIGN THIS AGREEMENT AND THE
19SIGNATURES MUST BE AUTHENTICATED OR ACKNOWLEDGED BEFORE A
20NOTARY. THE AGREEMENT BECOMES EFFECTIVE ON THE DATE THAT
21YOU HAVE BOTH SIGNED IT, THE DATE THAT YOU MARRY, OR THE DATE ON
22WHICH YOU ARE BOTH DOMICILED IN WISCONSIN, WHICHEVER IS LATER.
23IF YOU ALTER THE LANGUAGE OF THE AGREEMENT ON THIS FORM, THE
24AGREEMENT WILL NOT CONSTITUTE A STATUTORY TERMINABLE
25INDIVIDUAL PROPERTY CLASSIFICATION AGREEMENT (BUT IT MAY

1QUALIFY AS A GENERAL MARITAL PROPERTY AGREEMENT UNDER
2SECTION 766.58, WISCONSIN STATUTES).
AB992,40,73 13. EACH SPOUSE SHOULD RETAIN A COPY OF THIS AGREEMENT,
4INCLUDING ANY DISCLOSURE OF PROPERTY AND OBLIGATIONS, WHILE
5THE AGREEMENT IS IN EFFECT AND AFTER IT TERMINATES. RETENTION
6OF A COPY MAY BE IMPORTANT TO PROTECT INTERESTS ACQUIRED
7UNDER OR AFFECTED BY THE AGREEMENT.
AB992,40,118 14. IF AFTER ENTERING INTO THIS AGREEMENT ONE OR BOTH OF
9YOU ESTABLISH A DOMICILE OUTSIDE THIS STATE, YOU ARE URGED TO
10SEEK LEGAL ADVICE CONCERNING THE CONTINUED EFFECTIVENESS OF
11THIS AGREEMENT.
AB992,40,14 12Statutory terminable individual
13 Property classification agreement

14 (Pursuant to Section 766.589, Wisconsin Statutes)
AB992,40,2215 This agreement is entered into by .... and .... (husband and wife spouses) (who
16intend to marry) (strike one). The parties hereby classify the marital property owned
17by them when this agreement becomes effective, and property acquired during the
18term of this agreement which would otherwise have been marital property, as the
19individual property of the owning spouse. The parties agree that ownership of such
20property shall be determined by the name in which the property is held and, if
21property is not held by either or both spouses, ownership shall be determined as if
22the parties were unmarried persons when the property was acquired.
AB992,41,223 Upon the death of either spouse the surviving spouse may, except as otherwise
24provided in a subsequent marital property agreement, and regardless of whether

1this agreement has terminated, elect against the property of the decedent spouse as
2provided in section 766.589 (7) of the Wisconsin Statutes.
AB992,41,63 One spouse may terminate this agreement at any time by giving signed notice
4of termination to the other spouse. Notice of termination by a spouse is given upon
5personal delivery or when sent by certified mail to the other spouse's last-known
6address. The agreement terminates 30 days after such notice is given.
AB992,41,117 The parties (have) (have not) (strike one) completed Schedule "A", "Financial
8Disclosure", attached to this agreement. If Schedule "A" has not been completed, the
9duration of this agreement is 3 years after both parties have signed the agreement.
10If Schedule "A" has been completed, the duration of this agreement is not limited to
113 years after it is signed.
AB992,41,2012 IF THE DURATION OF THIS AGREEMENT IS NOT TO BE LIMITED TO 3
13YEARS, MAKE SURE THAT SCHEDULE "A", "FINANCIAL DISCLOSURE", IS
14COMPLETED AND THAT YOU HAVE REVIEWED THE SCHEDULE BEFORE
15SIGNING THE AGREEMENT. IF YOU AND YOUR SPOUSE HAVE PREVIOUSLY
16ENTERED INTO A STATUTORY TERMINABLE INDIVIDUAL PROPERTY
17CLASSIFICATION AGREEMENT WITH EACH OTHER WHICH WAS
18EFFECTIVE DURING YOUR PRESENT MARRIAGE AND YOU AND YOUR
19SPOUSE DID NOT COMPLETE SCHEDULE "A", YOU MAY NOT EXECUTE THIS
20AGREEMENT IF YOU DO NOT COMPLETE SCHEDULE "A".
AB992,41,2121 Signature of One Spouse: ....
AB992,41,2222 Date: ....
AB992,41,2323 Print Name Here: ....
AB992,41,2424 Residence Address: ....
AB992,41,2525 (Make Sure Your Signature is Authenticated or Acknowledged Below.)
AB992,42,1
1Authentication
AB992,42,22 Signature .... authenticated this .... day of ...., .... (year)
AB992,42,33 *....
AB992,42,44 TITLE: MEMBER STATE BAR OF WISCONSIN
AB992,42,55 (If not, .... authorized by s. 706.06, Wis. Stats.)
AB992,42,6 6Acknowledgment
AB992,42,77 STATE OF WISCONSIN )
AB992,42,8 8 ) ss.
AB992,42,99 .... County )
AB992,42,1210 Personally came before me this .... day of ...., .... (year) the above named .... to
11me known to be the person who executed the foregoing instrument and acknowledge
12the same.
AB992,42,1313 *....
AB992,42,1414 Notary Public ...., .... County, Wisconsin.
AB992,42,1515 My Commission is permanent.
AB992,42,1616 (If not, state expiration date: ...., .... (year))
AB992,42,1717 (Signatures may be authenticated or
AB992,42,1818 acknowledged. Both are not necessary.)
AB992,42,1919 *Names of persons signing in any capacity should be
AB992,42,2020 typed or printed below their signatures.
AB992,42,2121 Signature of Other Spouse: ....
AB992,42,2222 Date: ....
AB992,42,2323 Print Name Here: ....
AB992,42,2424 Residence Address: ....
AB992,42,2525 (Make Sure Your Signature is Authenticated or Acknowledged Below.)
AB992,43,1
1Authentication
AB992,43,22 Signature .... authenticated this .... day of ...., .... (year)
AB992,43,33 *....
AB992,43,44 TITLE: MEMBER STATE BAR OF WISCONSIN
AB992,43,55 (If not, .... authorized by s. 706.06, Wis. Stats.)
AB992,43,6 6Acknowledgment
AB992,43,77 STATE OF WISCONSIN )
AB992,43,8 8  ) ss.
AB992,43,99 .... County )
AB992,43,1210 Personally came before me this .... day of ...., .... (year) the above named .... to
11me known to be the person who executed the foregoing instrument and acknowledge
12the same.
AB992,43,1313 *....
AB992,43,1414 Notary Public ...., .... County, Wisconsin.
AB992,43,1515 My Commission is permanent.
AB992,43,1616 (If not, state expiration date: ...., .... (year))
AB992,43,1717 (Signatures may be authenticated or
AB992,43,1818 acknowledged. Both are not necessary.)
AB992,43,1919 *Names of persons signing in any capacity should
AB992,43,2020 be typed or printed below their signatures.
AB992,43,21 21Termination of
AB992,43,22 22Statutory terminable individual
AB992,43,23 23Property classification agreement
AB992,43,2424 I UNDERSTAND THAT:
AB992,44,3
11. THIS TERMINATION TAKES EFFECT 30 DAYS AFTER MY SPOUSE IS
2NOTIFIED OF THE TERMINATION, AS PROVIDED UNDER SECTION 766.589
3(4) OF THE WISCONSIN STATUTES.
AB992,44,84 2. THIS TERMINATION IS PROSPECTIVE; IT DOES NOT AFFECT THE
5CLASSIFICATION OF PROPERTY ACQUIRED BEFORE THE TERMINATION
6BECOMES EFFECTIVE. PROPERTY ACQUIRED AFTER THE TERMINATION
7BECOMES EFFECTIVE IS CLASSIFIED AS PROVIDED UNDER THE MARITAL
8PROPERTY LAW.
AB992,44,119 3. IN GENERAL, THIS TERMINATION IS NOT BINDING ON CREDITORS
10UNLESS THEY ARE PROVIDED A COPY OF THE TERMINATION BEFORE
11CREDIT IS EXTENDED.
AB992,44,1412 The undersigned terminates the statutory terminable individual property
13classification agreement entered into by me and my spouse on .... (date last spouse
14signed the agreement) under section 766.589 of the Wisconsin Statutes.
AB992,44,1515 Signature: ....
AB992,44,1616 Date: ....
AB992,44,1717 Print Name Here: ....
AB992,44,1818 Residence Address: ....
AB992,44,19 19Schedule "a"
AB992,44,20 20Financial Disclosure
Loading...
Loading...