Wisconsin § 766.60 - Optional forms of holding property; survivorship ownership.

§ 766.60. Optional forms of holding property; survivorship ownership.

766.60(1) (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”. 766.60(2) (2) Spouses may hold marital property in a form that designates the holder of it by the words “(name of one spouse) and (name of other spouse) as marital property”. 766.60(3) (3) A spouse may hold individual property in a form that designates the holder of it by the words “(name of spouse) as individual property”. 766.60(4) (4) 766.60(4)(a) (a) Spouses may hold property in any other form permitted by law, including but not limited to a concurrent form or a form that provides survivorship ownership. Except as provided in par. (b) and except with respect to any remedy a spouse has under this chapter, whether a tenancy in common or joint tenancy was created before or after the determination date, to the extent the incidents of the tenancy in common or joint tenancy conflict with or differ from the incidents of property classification under this chapter, the incidents of the tenancy in common or of the joint tenancy, including the incident of survivorship, control. 766.60(4)(b) (b) 766.60(4)(b)1. 1. Except as provided in subd. 2. or in a marital property agreement under s.