AB417: Bill Text

AB417,42,2 )   ss.

AB417,42,3 .... County   )

AB417,42,6 Personally came before me this .... day of ...., .... (year) the above named .... to me known to be the person who executed the foregoing instrument and acknowledge the same.

AB417,42,7 *....

AB417,42,8 Notary Public ...., .... County, Wisconsin.

AB417,42,9 My Commission is permanent.

AB417,42,10 (If not, state expiration date: ...., .... (year))

AB417,42,11 (Signatures may be authenticated or

AB417,42,12 acknowledged. Both are not necessary.)

AB417,42,13 *Names of persons signing in any capacity should be

AB417,42,14 typed or printed below their signatures.

AB417,42,15 Signature of Other Spouse: ....

AB417,42,16 Date: ....

AB417,42,17 Print Name Here: ....

AB417,42,18 Residence Address: ....

AB417,42,19 (Make Sure Your Signature is Authenticated or Acknowledged Below.)

AB417,42,20 Authentication

AB417,42,21 Signature .... authenticated this .... day of ...., .... (year)

AB417,42,22 *....

AB417,42,23 TITLE: MEMBER STATE BAR OF WISCONSIN

AB417,42,24 (If not, .... authorized by s. 706.06, Wis. Stats.)

AB417,42,25 Acknowledgment

AB417,43,1 STATE OF WISCONSIN   )

AB417,43,2 )   ss.

AB417,43,3 .... County   )

AB417,43,6 Personally came before me this .... day of ...., .... (year) the above named .... to me known to be the person who executed the foregoing instrument and acknowledge the same.

AB417,43,7 *....

AB417,43,8 Notary Public ...., .... County, Wisconsin.

AB417,43,9 My Commission is permanent.

AB417,43,10 (If not, state expiration date: ...., .... (year))

AB417,43,11 (Signatures may be authenticated or

AB417,43,12 acknowledged. Both are not necessary.)

AB417,43,13 *Names of persons signing in any capacity should be

AB417,43,14 typed or printed below their signatures.

AB417,43,15 Termination of statutory terminable

AB417,43,16 marital property classification agreement

AB417,43,17 I UNDERSTAND THAT:

AB417,43,20 1. THIS TERMINATION TAKES EFFECT 30 DAYS AFTER MY SPOUSE IS NOTIFIED OF THE TERMINATION, AS PROVIDED UNDER SECTION 766.588 (4) OF THE WISCONSIN STATUTES.

AB417,43,25 2. THIS TERMINATION IS PROSPECTIVE; IT DOES NOT AFFECT THE CLASSIFICATION OF PROPERTY ACQUIRED BEFORE THE TERMINATION BECOMES EFFECTIVE. PROPERTY ACQUIRED AFTER THE TERMINATION BECOMES EFFECTIVE IS CLASSIFIED AS PROVIDED UNDER THE MARITAL PROPERTY LAW.

AB417,44,3 3. IN GENERAL, THIS TERMINATION IS NOT BINDING ON CREDITORS UNLESS THEY ARE PROVIDED A COPY OF THE TERMINATION BEFORE CREDIT IS EXTENDED.

AB417,44,6 The undersigned terminates the statutory terminable marital property classification agreement entered into by me and my spouse on .... (date last spouse signed the agreement) under section 766.588 of the Wisconsin Statutes.

AB417,44,7 Signature: ....

AB417,44,8 Date: ....

AB417,44,9 Print Name Here: ....

AB417,44,10 Residence Address: ....

AB417,44,11 Schedule “A"

AB417,44,12 Financial Disclosure

AB417,44,16 The following general categories of assets and liabilities are not all inclusive and if other assets or liabilities exist they should be listed. Assets should be listed according to which spouse has title (including assets owned by a spouse or the spouses with one or more third parties) and at their approximate market value.

AB417,44,17 Husband   Wife   Spouse (Name)   Spouse (Name)   Both Names

AB417,44,18 I.   Assets

AB417,44,19 A.   Real estate (gross value)

AB417,44,20 B.   Stocks, bonds and mutual funds

AB417,44,22 C.   Accounts at and certificates or other instruments issued by financial institutions

AB417,44,24 D.   Mortgages, land contracts, promissory notes and cash

AB417,44,25 E.   Partnership interests

AB417,45,1 EL.   Limited liability company interests.

AB417,45,2 F.   Trust interests

AB417,45,3 G.   Livestock, farm products, crops

AB417,45,4 H.   Automobiles and other vehicles

AB417,45,5 I.   Jewelry and personal effects

AB417,45,6 J.   Household furnishings

AB417,45,7 K.   Life insurance and annuities:

AB417,45,8 1.   Face value

AB417,45,9 2.   Cash surrender value

AB417,45,10 L.   Retirement benefits (include value):

AB417,45,11 1.   Pension plans

AB417,45,12 2.   Profit sharing plans

AB417,45,13 3.   HR-10 KEOGH plans

AB417,45,14 4.   IRAs

AB417,45,15 5.   Deferred compensation plans

AB417,45,16 M.   Other assets not listed elsewhere

AB417,45,17 II.   Obligations (total outstanding balance):

AB417,45,18 A.   Mortgages and liens

AB417,45,19 B.   Credit cards

AB417,45,20 C.   Other obligations to financial institutions

AB417,45,22 D.   Alimony, maintenance and child support (per month)

AB417,45,25 E.   Other obligations (such as other obligations to individuals, guarantees, contingent liabilities)

AB417,46,1 III.   Annual compensation for services:

AB417,46,3 (for example, wages and income from self-employment; also include social security,

AB417,46,4 disability and similar income here)

AB417,46,5 (IF YOU NEED ADDITIONAL SPACE,

AB417,46,6 ADD ADDITIONAL SHEETS)

AB417,115 Section 115 . 766.589 (10) (form) 14. of the statutes is amended to read:

AB417,46,11 766.589 (10) (form) 14. IF AFTER ENTERING INTO THIS AGREEMENT ONE OR BOTH OF YOU ESTABLISH A DOMICILE OUTSIDE THIS STATE, YOU ARE URGED TO SEEK LEGAL ADVICE CONCERNING THE CONTINUED EFFECTIVENESS OF THIS AGREEMENT.

AB417,46,12 Statutory terminable individual

AB417,46,13 Property classification agreement

AB417,46,14 (Pursuant to Section 766.589, Wisconsin Statutes)

AB417,46,23 This agreement is entered into by .... and .... (husband and wife who are married) (who intend to marry) (strike one). The parties hereby classify the marital property owned by them when this agreement becomes effective, and property acquired during the term of this agreement which that would otherwise have been marital property, as the individual property of the owning spouse. The parties agree that ownership of such property shall be determined by the name in which the property is held and, if property is not held by either or both spouses, ownership shall be determined as if the parties were unmarried persons when the property was acquired.

AB417,47,2 Upon the death of either spouse the surviving spouse may, except as otherwise provided in a subsequent marital property agreement, and regardless of whether this agreement has terminated, elect against the property of the decedent spouse as provided in section 766.589 (7) of the Wisconsin Statutes.