Wisconsin Summary Assignment - Petition
About this form
The Summary Assignment - Petition is a legal document designed for use in Wisconsin. It serves as a method to assign property from an estate that cannot be summarily settled under Wisconsin Statutes section 867.01, if the estate value does not exceed $50,000. This form allows for the expedient transfer of assets without the need for formal probate proceedings, distinguishing it from more complex estate documents.
Form components explained
- Details regarding the decedent's estate and its formal administration status.
- Information about the property being assigned, including real estate, stocks, and vehicles.
- Declaration of property values as of the decedent's date of death.
- Identification of any interests held by the decedent, such as joint tenancy or life estates.
- Information about beneficiaries, including their relationships and addresses.
- Disclosure of any benefits received from state programs affecting minors or dependents.
Situations where this form applies
This form should be used when an estate has a total value of $50,000 or less and cannot be addressed through a summary settlement under the standard rules. It is appropriate in situations where the decedent's estate is small enough to avoid formal probate but still needs legal documentation for asset distribution.
Who can use this document
- Heirs or family members of a decedent whose estate value is $50,000 or less.
- Individuals seeking to transfer property ownership without going through formal probate.
- Personal representatives handling smaller estates in Wisconsin.
- Anyone involved in the management of a decedent's estate needing a streamlined process for asset assignment.
Steps to complete this form
- Identify the decedent's estate and its status (formal administration or summary settlement).
- List all property included in the estate, specifying types such as real estate, stocks, and vehicles.
- State the value of each item as of the decedent's date of death.
- Describe any interests the decedent held in jointly owned properties.
- Enter the names and relationships of all beneficiaries, providing mailing addresses.
Notarization guidance
This form does not typically require notarization unless specified by local law. However, ensuring proper execution of the document may still benefit from a notary's verification.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to list all relevant properties and their exact values.
- Not properly identifying beneficiaries and their relations to the decedent.
- Omitting necessary details about decedent's interests in properties.
Why use this form online
- Convenience of downloading and completing the form from anywhere.
- Editable templates that allow for customization to fit specific situations.
- Access to documents prepared by licensed attorneys, ensuring legal compliance.
What to keep in mind
- The Summary Assignment - Petition streamlines the process of handling small estates in Wisconsin.
- Proper completion of the form ensures efficient asset distribution to beneficiaries.
- Understanding the eligibility and requirements is crucial for successful utilization of the form.
