How can a former spouse or survivor assert entitlement to surplus funds following the owner’s death or divorce?
Detailed Answer When a Wisconsin property owner dies or divorces after a sheriff’s sale, any sale surplus sits in the county’s circuit court registry under Wis. Stat. § 846.155. A former spouse or survivor must follow a clear process to claim these funds. 1. Identify the Source of Surplus Funds Surplus proceeds arise when a […]
Read article →What rights does a life estate grant to a lifetime beneficiary and how is a remainder interest determined when a will designates a remainderman? WI
Detailed Answer Under Wisconsin law, a life estate grants a lifetime beneficiary—called a life tenant—the right to possess and use real property for the duration of the life tenant’s life. The future interest, known as the remainder interest, passes to one or more beneficiaries (remaindermen) when the life tenant dies. Key points under Wisconsin statutes […]
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