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 […]
766.605 – Classification of homestead.
766.605 Classification of homestead. A homestead acquired after the determination date which, when acquired, is held exclusively between spouses with no 3rd party is survivorship marital property if no intent to the contrary is expressed on the instrument of transfer or in a marital property agreement. A homestead may be reclassified under s. 766.31 (10). […]
766.61 – Classification of life insurance policies and proceeds.
766.61 Classification of life insurance policies and proceeds. (1) In this section: (a) “Owner” means a person appearing on the records of the policy issuer as the person having the ownership interest, or means the insured if no person other than the insured appears on those records as a person having that interest. In the […]
766.62 – Classification of deferred employment benefits.
766.62 Classification of deferred employment benefits. (1) (a) Except as provided in par. (b), a deferred employment benefit attributable to employment of a spouse occurring after the determination date is marital property. (b) A deferred employment benefit attributable to employment of a spouse occurring after the determination date is mixed property if, after the determination […]
766.555 – Obligations of spouses under open-end plans.
766.555 Obligations of spouses under open-end plans. (1) In this section: (a) “Open-end plan” means credit extended on an account pursuant to a plan under which the creditor may permit a spouse to make purchases or obtain loans, from time to time, directly from the creditor or indirectly by use of a credit card, check […]
766.56 – Credit transactions with married persons.
766.56 Credit transactions with married persons. (1) If a spouse applies for credit that will result in an obligation described under s. 766.55 (2) (b), the creditor, in evaluating the spouse’s creditworthiness, shall consider all marital property available under s. 766.55 (2) (b) to satisfy the obligation in the same manner that the creditor, in […]
766.565 – Relationship to consumer act.
766.565 Relationship to consumer act. (1) In this section, “open-end credit plan” has the meaning given under s. 421.301 (27). The term includes only those plans governed by chs. 421 to 427. (2) Except as provided under sub. (6), this section does not impose any additional or separate notice requirements on a creditor. (3) The […]