Statutes > Wisconsin Statutes > Chapter 861. Probate--family rights. > 861.01 Ownership of marital property at death.

861.01 Ownership of marital property at death.

861.01

SUBCHAPTER I
INTEREST IN MARITAL PROPERTY

Subch. I of Ch. 861 - ANNOT.

Cross-reference: See definitions in ch. 851.

Subch. I of Ch. 861 - ANNOT.

NOTE: 1985 Wis. Act 37, which created ss. 861.03 to 861.13, contains explanatory notes.
861.01 Ownership of marital property at death.

861.01(1)

(1) Surviving spouse's one-half interest in marital property. Upon the death of either spouse, the surviving spouse retains his or her undivided one-half interest in each item of marital property. The surviving spouse's undivided one-half interest in each item of marital property is not subject to administration. Ownership and management and control rights are set forth under ss. 857.01 and 857.015.

861.01(2)

(2) Interest of a 3rd party in marital property. A 3rd party who is a successor in interest to all or part of the decedent's 50% interest in marital property is a tenant in common with the surviving spouse.

861.01(3m)

(3m) Personal injury damages; lost earnings. Section 766.31 (7m) determines the rights of a surviving spouse to that part of a personal injury claim that represents future lost earnings of the surviving spouse.

861.01(4)

(4) Enforcement of surviving spouse's marital property rights in nonprobate assets. Section 766.70 applies to enforcement of a surviving spouse's marital property rights in nonprobate assets.

861.01(5)

(5) Division of marital property on aggregate basis. Section 766.31 (3) (b) determines how marital property may be divided upon the death of a spouse.

861.01 - ANNOT.

History: 1983 a. 186; 1985 a. 37; 1987 a. 393; 2005 a. 216.

861.01 - ANNOT.

New probate and non-probate property elections under Wisconsin's marital property act. Erlanger and Weisberger. WBB Oct. and Nov. 1986.

861.01 - ANNOT.

Wisconsin's New Probate Code. Erlanger. Wis. Law. Oct. 1998.