Wisconsin Deed Conveying Property held by Spouses as Tenants in Common to Husband and Wife as Community Property
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How to fill out Deed Conveying Property Held By Spouses As Tenants In Common To Husband And Wife As Community Property?
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FAQ
Most assets and debts are considered marital property in Wisconsin. Some of the things that are excluded are inheritances and property excluded by a prenuptial or a postnuptial agreement.
In community property states like Wisconsin, married couples are allowed to have property as survivorship marital property or community property with right of survivorship. What this means is, if one spouse passes away the remaining spouse is to receive the dead spouse's' half of the marital property.
As Wisconsin is a community property state, a spouse owns an undivided one-half interest in each item of property owned by either spouse acquired during the marriage. Each spouse has a one-half interest even if property is titled solely in one spouse's name.
Two or more persons named as owners in a document of title, transferees in an instrument of transfer or buyers in a bill of sale are tenants in common, except as otherwise provided in s. 700.19 or ch. 766.
Tenancy in Common Any owner can transfer his or her interest without the consent of the other owner(s). Upon transfer, the new owner becomes a tenant in common with the other existing owner(s). The owner's interest becomes part of his or her probate estate upon his or her death.
In community property states like Wisconsin, married couples are allowed to have property as survivorship marital property or community property with right of survivorship. What this means is, if one spouse passes away the remaining spouse is to receive the dead spouse's' half of the marital property.
