AB645,9,10 9(3) An interest that is created by a nontestamentary instrument and
10transferred at death, upon the death that causes the transfer.
AB645, s. 22 11Section 22. 701.27 (title) of the statutes is renumbered 854.13 (title) and
12amended to read:
AB645,9,14 13854.13 (title) Disclaimer of transfers under nontestamentary
14instruments
.
AB645, s. 23 15Section 23. 701.27 (1) (intro.) of the statutes is renumbered 854.13 (1) (intro.).
AB645, s. 24 16Section 24. 701.27 (1) (a) of the statutes is renumbered 854.13 (1) (a) and
17amended to read:
AB645,9,2018 854.13 (1) (a) "Beneficiary under a nontestamentary governing instrument"
19includes any person who receives or might receive property or an interest in property
20under the terms or legal effect of a nontestamentary governing instrument.
AB645, s. 25 21Section 25. 701.27 (1) (b) of the statutes is repealed.
AB645, s. 26 22Section 26. 701.27 (1) (c) of the statutes is renumbered 854.13 (1) (c) and
23amended to read:
AB645,9,2424 854.13 (1) (c) "Power" has the meaning designated given in s. 702.01 (4).
AB645, s. 27 25Section 27. 701.27 (1) (d) of the statutes is repealed.
AB645, s. 28
1Section 28. 701.27 (2) (title) of the statutes is renumbered 854.13 (2) (title).
AB645, s. 29 2Section 29. 701.27 (2) (a) of the statutes is renumbered 854.13 (2) (a) and
3amended to read:
AB645,10,124 854.13 (2) (a) In general. A person who is a an heir, recipient of property or
5beneficiary under a nontestamentary governing instrument, person succeeding to a
6disclaimed interest created by a nontestamentary instrument,
donee of a power
7created by nontestamentary a governing instrument, appointee under a power
8exercised by nontestamentary a governing instrument or, taker in default under a
9power created by nontestamentary a governing instrument, or person succeeding to
10disclaimed property
may disclaim any property or interest in property, including
11contingent or future interests or the right to receive discretionary distributions, by
12delivering a written instrument of disclaimer under this section.
AB645, s. 30 13Section 30. 701.27 (2) (b) (title) of the statutes is renumbered 854.13 (2) (b)
14(title).
AB645, s. 31 15Section 31. 701.27 (2) (b) 1. of the statutes is renumbered 854.13 (2) (b) and
16amended to read:
AB645,10,2217 854.13 (2) (b) Upon the death of a joint tenant that occurs on or after June 7,
181996
, a surviving joint tenant may disclaim any property or interest in property that
19would otherwise accrue to him or her by right of survivorship and that is the subject
20of the joint tenancy. A surviving joint tenant may disclaim the entire interest if he
21or she fulfills the requirements under section 2518 of the internal revenue code
by
22delivering a written instrument of disclaimer under this section
.
AB645, s. 32 23Section 32. 701.27 (2) (b) 2. of the statutes is repealed.
AB645, s. 33 24Section 33. 701.27 (2) (bm) of the statutes is renumbered 854.13 (2) (c).
AB645, s. 34
1Section 34. 701.27 (2) (c) of the statutes is renumbered 854.13 (2) (d) and
2amended to read:
AB645,11,73 854.13 (2) (d) Partial disclaimer. Property may be disclaimed in whole or in
4part, except that a partial disclaimer of property passing by nontestamentary a
5governing
instrument or by the exercise of a power may not be made if partial
6disclaimer is expressly prohibited by the governing instrument or by the instrument
7exercising the power.
AB645, s. 35 8Section 35. 701.27 (2) (d) of the statutes is renumbered 854.13 (2) (e).
AB645, s. 36 9Section 36. 701.27 (2) (e) of the statutes is renumbered 854.13 (2) (h) and
10amended to read:
AB645,11,1611 854.13 (2) (h) After death. A person's right to disclaim survives the person's
12death and may be exercised by the person's personal representative or special
13administrator upon receiving approval from the court having jurisdiction of the
14person's estate after hearing upon notice to all interested persons interested in the
15disclaimed property,
if the personal representative or special administrator has not
16taken any action which would bar the right to disclaim under sub. (7) (11).
AB645, s. 37 17Section 37. 701.27 (3) (title) of the statutes is renumbered 854.13 (3) (title).
AB645, s. 38 18Section 38. 701.27 (3) (a) (intro.) of the statutes is renumbered 854.13 (3)
19(intro.) and amended to read:
AB645,11,2020 854.13 (3) (intro.) The instrument of disclaimer shall do all of the following:
AB645, s. 39 21Section 39. 701.27 (3) (a) 1. of the statutes is renumbered 854.13 (3) (a) and
22amended to read:
AB645,11,2323 854.13 (3) (a) Describe the property or interest disclaimed;.
AB645, s. 40 24Section 40. 701.27 (3) (a) 2. of the statutes is renumbered 854.13 (3) (b) and
25amended to read:
AB645,12,1
1854.13 (3) (b) Declare the disclaimer and the extent of the disclaimer;.
AB645, s. 41 2Section 41. 701.27 (3) (a) 3. of the statutes is renumbered 854.13 (3) (c) and
3amended to read:
AB645,12,44 854.13 (3) (c) Be signed by the disclaimant; and.
AB645, s. 42 5Section 42. 701.27 (3) (a) 4. of the statutes is renumbered 854.13 (3) (d).
AB645, s. 43 6Section 43. 701.27 (3) (b) of the statutes is repealed.
AB645, s. 44 7Section 44. 701.27 (4) (title) of the statutes is renumbered 854.13 (4) (title).
AB645, s. 45 8Section 45. 701.27 (4) (a) of the statutes is renumbered 854.13 (4) (a) and
9amended to read:
AB645,12,1810 854.13 (4) (a) (title) Disclaiming a present Present interest. An instrument
11disclaiming a present interest shall be executed and delivered not later than 9
12months after the effective date of the nontestamentary transfer under the governing
13instrument, except that, for cause shown, the period may be extended by a court of
14competent jurisdiction, either within or after the 9-month period, for such additional
15time as the court deems considers just. The effective date of a revocable instrument
16or contract is the date on which the person having the power to revoke no longer has
17the power to revoke it or to transfer to himself, herself or another person the
18equitable ownership of the property or interest which is the subject of the disclaimer.
AB645, s. 46 19Section 46. 701.27 (4) (b) of the statutes is renumbered 854.13 (4) (b) and
20amended to read:
AB645,13,221 854.13 (4) (b) (title) Disclaiming a future Future interest. An instrument
22disclaiming a future interest shall be executed and delivered not later than 9 months
23after the event that determines that the taker of the property or interest is finally
24ascertained and his or her interest indefeasibly fixed, except that, for cause shown,

1the period may be extended by a court of competent jurisdiction, either within or after
2the 9-month period, for such additional time as the court deems considers just.
AB645, s. 47 3Section 47. 701.27 (4) (c) of the statutes is renumbered 854.13 (4) (c).
AB645, s. 48 4Section 48. 701.27 (4) (d) of the statutes is renumbered 854.13 (4) (d).
AB645, s. 49 5Section 49. 701.27 (4) (e) of the statutes is renumbered 854.13 (4) (e) and
6amended to read:
AB645,13,127 854.13 (4) (e) Interests arising by disclaimer. Notwithstanding pars. (a) and (b),
8a person whose interest in property arises by disclaimer or by default of exercise of
9a power created by nontestamentary a governing instrument may disclaim at any
10time not later than 9 months after the day on which the prior instrument of
11disclaimer is delivered, or the date of death of the donee of the power, as the case may
12be
.
AB645, s. 50 13Section 50. 701.27 (5) of the statutes is renumbered 854.13 (5), and 854.13 (5)
14(a) (intro.), 1. and 2., as renumbered, are amended to read:
AB645,13,1815 854.13 (5) (a) Delivery. (intro.) In addition to any requirements imposed by the
16creating governing instrument, the instrument of disclaimer is effective only if,
17within the time specified under sub. (4), it is delivered to and received by any of the
18following
:
AB645,13,1919 1. The transferor of the property or interest disclaimed, if living;.
AB645,13,2120 2. The personal representative or special administrator of the deceased
21transferor of the property; or.
AB645, s. 51 22Section 51. 701.27 (6) (title) of the statutes is repealed.
AB645, s. 52 23Section 52. 701.27 (6) (a) of the statutes is renumbered 854.13 (6) and
24amended to read:
AB645,14,3
1854.13 (6) Property not vested. The property or interest disclaimed under this
2section shall be deemed considered not to have been vested in, created in or
3transferred to the disclaimant.
AB645, s. 53 4Section 53. 701.27 (6) (b) (title) of the statutes is renumbered 854.13 (7) (title)
5and amended to read:
AB645,14,66 854.13 (7) (title) Devolution in general.
AB645, s. 54 7Section 54. 701.27 (6) (b) of the statutes is renumbered 854.13 (7) (a) and
8amended to read:
AB645,14,189 854.13 (7) (a) Unless Subject to subs. (8), (9) and (10), unless the transferor of
10the property or donee of the power has otherwise provided, the disclaimed property
11or interest disclaimed devolves as if the disclaimant had died before the decedent or
12before
the effective date of the nontestamentary transfer under the governing
13instrument; or if. If the disclaimant is an appointee under a power exercised by
14nontestamentary a governing instrument, the disclaimed property devolves as if the
15disclaimant had died before the effective date of the exercise of the power; or if. If
16the disclaimant is a taker in default under a power created by nontestamentary a
17governing
instrument, the disclaimed property devolves as if the disclaimant had
18predeceased the donee of the power.
AB645,15,2 19(b) A disclaimer relates back for all purposes to the effective date of the
20nontestamentary decedent's death or the effective date of the transfer under the
21governing
instrument; or if. If the disclaimant is an appointee under a power
22exercised by nontestamentary under a governing instrument, the disclaimer relates
23back
to the effective date of the exercise of the power; or if. If the disclaimant is a
24taker in default under a power created by nontestamentary a governing instrument,
25the disclaimer relates back to the last possible date for exercise of the power. A

1disclaimer of the future right to receive mandatory distributions of income or profits
2relates to the period stated in the disclaimer.
AB645, s. 55 3Section 55. 701.27 (6) (c) of the statutes is renumbered 854.13 (10) and
4amended to read:
AB645,15,125 854.13 (10) (title) Future Devolution of disclaimed future interest. Unless
6the instrument creating the future interest manifests a contrary intent either
7expressly or as construed from extrinsic evidence
, a future interest limited to take
8effect in possession or enjoyment after the termination of the interest which is
9disclaimed takes effect as if the disclaimant had died before the effective date of the
10nontestamentary governing instrument or, if the disclaimant is an appointee under
11a power exercised by nontestamentary a governing instrument, as if the disclaimant
12had died before the effective date of the exercise of the power.
AB645, s. 56 13Section 56. 701.27 (6) (d) of the statutes is repealed.
AB645, s. 57 14Section 57. 701.27 (7) of the statutes is renumbered 854.13 (11), and 854.13
15(11) (a) (intro.), 1., 2. and 3., as renumbered, are amended to read:
AB645,15,1816 854.13 (11) (a) (title) Method Actions that bar disclaimer. (intro.) A person's
17right to disclaim property or an interest in property is barred by the person's any of
18the following
:
AB645,15,2019 1. Assignment The person's assignment, conveyance, encumbrance, pledge or
20transfer of the property or interest or a contract therefor;.
AB645,15,2121 2. Written The person's written waiver of the right to disclaim; or.
AB645,15,2322 3. Acceptance The person's acceptance of the property or interest or benefit of
23the property.
AB645, s. 58 24Section 58. 701.27 (8) (title) of the statutes is renumbered 854.13 (12) (title).
AB645, s. 59
1Section 59. 701.27 (8) of the statutes is renumbered 854.13 (12) (a) and
2amended to read:
AB645,16,53 854.13 (12) (a) This section does not abridge affect the right of a person to
4waive, release, disclaim or renounce property or an interest in property under any
5other statute, the common law, or as provided in the creating instrument.
AB645, s. 60 6Section 60. 701.27 (9) of the statutes is repealed.
AB645, s. 61 7Section 61. 702.03 (1) of the statutes is repealed and recreated to read:
AB645,16,128 702.03 (1) Unless a contrary intention is found, if a governing instrument, as
9defined in s. 854.01, creating a power of appointment expressly requires that the
10power be exercised by any type of reference to the power or its source, it is presumed
11that the donor's intention in requiring the reference was to prevent an inadvertent
12exercise of the power. Extrinsic evidence may be used to show contrary intent.
AB645, s. 62 13Section 62. 702.08 of the statutes is amended to read:
AB645,16,15 14702.08 Disclaimer of powers. The donee of any power may disclaim all or
15part of the power as provided under s. 701.27 or 853.40 854.13.
AB645, s. 63 16Section 63. 702.22 of the statutes is created to read:
AB645,16,19 17702.22 Applicability of general transfers at death provisions. Chapter
18854 applies to transfers at death under an instrument that creates or exercises a
19power of appointment.
AB645, s. 64 20Section 64. 705.09 of the statutes is created to read:
AB645,16,22 21705.09 Applicability of general transfers at death provisions. Chapter
22854 applies to transfers at death under this subchapter.
AB645, s. 65 23Section 65. Subchapter II (title) of chapter 705 [precedes 705.20] of the
24statutes is repealed and recreated to read:
AB645,16,2525 Chapter 705
AB645,17,2
1Subchapter II
2 nonprobate transfers at death
AB645, s. 66 3Section 66. 705.20 (3) of the statutes is created to read:
AB645,17,44 705.20 (3) Chapter 854 applies to transfers at death under this section.
AB645, s. 67 5Section 67. Subchapter III (title) of chapter 705 [precedes 705.21] of the
6statutes is created to read:
AB645,17,77 Chapter 705
AB645,17,108 Subchapter III
9 transfer on death
10 security registration
AB645, s. 68 11Section 68. 705.31 of the statutes is created to read:
AB645,17,13 12705.31 Applicability of general transfers at death provisions. Chapter
13854 applies to transfers at death under this subchapter.
AB645, s. 69 14Section 69. 706.105 of the statutes is created to read:
AB645,17,16 15706.105 Applicability of general transfers at death provisions. Chapter
16854 applies to transfers at death under a conveyance.
AB645, s. 70 17Section 70. 766.575 (3) (b) of the statutes is amended to read:
AB645,17,2318 766.575 (3) (b) If within 14 business days after receiving the notice of claim the
19trustee receives, as purporting to support the claim, a decree, marital property
20agreement or proof that a legal action has been commenced, including a copy of an
21election filed pursuant to s. 861.03 861.08 (1), to establish the validity of the claim,
22the trustee shall suspend distribution of the portion of the property to which the
23claim relates pending resolution of the validity of the claim.
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