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5Statutory terminable individual
6Property classification agreement
7 (Pursuant to Section 766.589, Wisconsin Statutes)
8 This agreement is entered into by .... and .... (husband and wife who are
9married) (who intend to marry) (strike one). The parties hereby classify the marital
10property owned by them when this agreement becomes effective, and property
11acquired during the term of this agreement which that would otherwise have been
12marital property, as the individual property of the owning spouse. The parties agree
13that ownership of such property shall be determined by the name in which the
14property is held and, if property is not held by either or both spouses, ownership shall
15be determined as if the parties were unmarried persons when the property was
16acquired.
17 Upon the death of either spouse the surviving spouse may, except as otherwise
18provided in a subsequent marital property agreement, and regardless of whether
19this agreement has terminated, elect against the property of the decedent spouse as
20provided in section 766.589 (7) of the Wisconsin Statutes.
21 One spouse may terminate this agreement at any time by giving signed notice
22of termination to the other spouse. Notice of termination by a spouse is given upon
23personal delivery or when sent by certified mail to the other spouse's last-known
24address. The agreement terminates 30 days after such notice is given.
1The parties (have) (have not) (strike one) completed Schedule “A", “Financial
2Disclosure", attached to this agreement. If Schedule “A" has not been completed, the
3duration of this agreement is 3 years after both parties have signed the agreement.
4If Schedule “A" has been completed, the duration of this agreement is not limited to
53 years after it is signed.
6 IF THE DURATION OF THIS AGREEMENT IS NOT TO BE LIMITED TO 3
7YEARS, MAKE SURE THAT SCHEDULE “A", “FINANCIAL DISCLOSURE", IS
8COMPLETED AND THAT YOU HAVE REVIEWED THE SCHEDULE BEFORE
9SIGNING THE AGREEMENT. IF YOU AND YOUR SPOUSE HAVE PREVIOUSLY
10ENTERED INTO A STATUTORY TERMINABLE INDIVIDUAL PROPERTY
11CLASSIFICATION AGREEMENT WITH EACH OTHER WHICH WAS
12EFFECTIVE DURING YOUR PRESENT MARRIAGE AND YOU AND YOUR
13SPOUSE DID NOT COMPLETE SCHEDULE “A", YOU MAY NOT EXECUTE THIS
14AGREEMENT IF YOU DO NOT COMPLETE SCHEDULE “A".
15 Signature of One Spouse: ....
16 Date: ....
17 Print Name Here: ....
18 Residence Address: ....
19 (Make Sure Your Signature is Authenticated or Acknowledged Below.)
20Authentication
21 Signature .... authenticated this .... day of ...., .... (year)
22 *....
23 TITLE: MEMBER STATE BAR OF WISCONSIN
24 (If not, .... authorized by s. 706.06, Wis. Stats.)
25Acknowledgment
1STATE OF WISCONSIN   )
2 )   ss.
3 .... County   )
4 Personally came before me this .... day of ...., .... (year) the above named .... to
5me known to be the person who executed the foregoing instrument and acknowledge
6the same.
7 *....
8 Notary Public ...., .... County, Wisconsin.
9 My Commission is permanent.
10 (If not, state expiration date: ...., .... (year))
11 (Signatures may be authenticated or
12 acknowledged. Both are not necessary.)
13 *Names of persons signing in any capacity should be
14 typed or printed below their signatures.
15 Signature of Other Spouse: ....
16 Date: ....
17 Print Name Here: ....
18 Residence Address: ....
19 (Make Sure Your Signature is Authenticated or Acknowledged Below.)
20Authentication
21 Signature .... authenticated this .... day of ...., .... (year)
22 *....
23 TITLE: MEMBER STATE BAR OF WISCONSIN
24 (If not, .... authorized by s. 706.06, Wis. Stats.)
25Acknowledgment
1STATE OF WISCONSIN   )
2 )   ss.
3 .... County   )
4 Personally came before me this .... day of ...., .... (year) the above named .... to
5me known to be the person who executed the foregoing instrument and acknowledge
6the same.
7 *....
8 Notary Public ...., .... County, Wisconsin.
9 My Commission is permanent.
10 (If not, state expiration date: ...., .... (year))
11 (Signatures may be authenticated or
12 acknowledged. Both are not necessary.)
13 *Names of persons signing in any capacity should
14 be typed or printed below their signatures.
15Termination of
16statutory terminable individual
17property classification agreement
18 I UNDERSTAND THAT:
19 1. THIS TERMINATION TAKES EFFECT 30 DAYS AFTER MY SPOUSE IS
20NOTIFIED OF THE TERMINATION, AS PROVIDED UNDER SECTION 766.589
21(4) OF THE WISCONSIN STATUTES.
22 2. THIS TERMINATION IS PROSPECTIVE; IT DOES NOT AFFECT THE
23CLASSIFICATION OF PROPERTY ACQUIRED BEFORE THE TERMINATION
24BECOMES EFFECTIVE. PROPERTY ACQUIRED AFTER THE TERMINATION
1BECOMES EFFECTIVE IS CLASSIFIED AS PROVIDED UNDER THE MARITAL
2PROPERTY LAW.
3 3. IN GENERAL, THIS TERMINATION IS NOT BINDING ON CREDITORS
4UNLESS THEY ARE PROVIDED A COPY OF THE TERMINATION BEFORE
5CREDIT IS EXTENDED.
6 The undersigned terminates the statutory terminable individual property
7classification agreement entered into by me and my spouse on .... (date last spouse
8signed the agreement) under section 766.589 of the Wisconsin Statutes.
9 Signature: ....
10 Date: ....
11 Print Name Here: ....
12 Residence Address: ....
13Schedule “a"
14Financial Disclosure
15 The following general categories of assets and liabilities are not all inclusive
16and if other assets or liabilities exist they should be listed. Assets should be listed
17according to which spouse has title (including assets owned by a spouse or the
18spouses with one or more third parties) and at their approximate market value.
19Husband   Wife   Spouse (Name)   Spouse (Name)   Both Names
20 I.   Assets:
21 A.   Real estate (gross value)
22 B.   Stocks, bonds and mutual funds
23 C.   Accounts at and certificates and other
24instruments issued by financial institutions
1D.   Mortgages, land contracts, promissory notes
2and cash
3 E.   Partnership interests
4 EL.   Limited liability company interests
5 F.   Trust interests
6 G.   Livestock, farm products, crops
7 H.   Automobiles and other vehicles
8 I.   Jewelry and personal effects
9 J.   Household furnishings
10 K.   Life insurance and annuities:
11 1.   Face value
12 2.   Cash surrender value
13 L.   Retirement benefits (include value):
14 1.   Pension plans
15 2.   Profit sharing plans
16 3.   HR-10 KEOGH plans
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