766.58 – Marital property agreements.
766.58 Marital property agreements. (1) A marital property agreement shall be a document signed by both spouses. Only the spouses may be parties to a marital property agreement. A marital property agreement is enforceable without consideration. (2) A marital property agreement may not adversely affect the right of a child to support. (3) Except as […]
766.585 – Marital property agreements before determination date.
766.585 Marital property agreements before determination date. (1) After April 4, 1984, and before their determination date, spouses or unmarried persons who subsequently marry each other may execute a marital property agreement under s. 766.58, which is intended to apply only after their determination date, to the same extent that persons may execute a marital […]
766.587 – Statutory individual property classification agreement.
766.587 Statutory individual property classification agreement. (1) Generally. (a) Spouses may execute a statutory individual property classification agreement under this section to classify all the property of the spouses, including property presently owned and property acquired in the future but before the agreement terminates, as the individual property of the owner. Ownership of the property […]
766.588 – Statutory terminable marital property classification agreement.
766.588 Statutory terminable marital property classification agreement. (1) Generally. (a) Spouses may execute an agreement under this section to classify the property of the spouses presently owned and property acquired, reclassified or created in the future, as marital property. Except as provided in this section, s. 766.58 applies to an agreement under this section. The […]
766.589 – Statutory terminable individual property classification agreement.
766.589 Statutory terminable individual property classification agreement. (1) Generally. (a) For purposes of determining ownership of property classified by an agreement under this section, a spouse owns property if the property is held by that spouse. If property classified by an agreement under this section is not held by either or both spouses, ownership of […]
766.59 – Unilateral statement; income from nonmarital property.
766.59 Unilateral statement; income from nonmarital property. (1) A spouse may unilaterally execute a written statement which classifies the income attributable to all or certain of that spouse’s property other than marital property as individual property. (2) (a) The statement is executed when signed by the executing spouse and acknowledged by a notary. If executed […]
766.60 – Optional forms of holding property; survivorship ownership.
766.60 Optional forms of holding property; survivorship ownership. (1) Spouses may hold marital property in a form that designates the holders of it by the words “(name of one spouse) or (name of other spouse) as marital property”. (2) Spouses may hold marital property in a form that designates the holder of it by the […]
766.31 – Classification of property of spouses.
766.31 Classification of property of spouses. (1) General. All property of spouses is marital property except that which is classified otherwise by this chapter and that which is described in sub. (8). (2) Presumption. All property of spouses is presumed to be marital property. (3) Spouse’s interest in marital property. Each spouse has a present […]
766.51 – Management and control of property of spouses.
766.51 Management and control of property of spouses. (1) A spouse acting alone may manage and control: (a) That spouse’s property that is not marital property. (am) Except as provided in subs. (2) and (3), marital property held in that spouse’s name alone or not held in the name of either spouse. (b) Marital property […]
766.53 – Gifts of marital property to 3rd persons.
766.53 Gifts of marital property to 3rd persons. A spouse acting alone may give to a 3rd person marital property that the spouse has the right to manage and control only if the value of the marital property given to the 3rd person does not aggregate more than either $1,000 in a calendar year, or […]