Property Ownership
Wisconsin's 'transfer on death' (TOD) deed allows property to transfer to a named beneficiary:
ADuring the owner's lifetime upon disability
BAutomatically upon the owner's death without going through probate✓ Correct
CAfter a 1-year waiting period
DOnly with court approval at the time of death
Explanation
A Wisconsin TOD deed allows the property to pass directly to the named beneficiary upon the owner's death, bypassing the probate process.
Related Wisconsin Property Ownership Questions
- Wisconsin's 'Marketable Title Act' (Wis. Stat. Chapter 893) provides that:
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- In Wisconsin, 'riparian rights' attach to land that:
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- The four unities of joint tenancy in Wisconsin can be severed when:
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- Wisconsin's 'Condominium Ownership Act' (Wis. Stat. Chapter 703) requires that a condominium be created by recording a:
- A Wisconsin property subject to a 'lis pendens' is encumbered by:
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