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David and Jennifer are married and want to purchase a Wisconsin home ensuring that when one dies, the other automatically inherits the full property without probate. Their attorney advises them to take title in a specific way. Which form of title should they use to achieve this goal under Wisconsin law?

Correct Answer

C) Survivorship marital property, as husband and wife

Under Wisconsin law, married couples can hold title as 'survivorship marital property,' which is a form of ownership unique to Wisconsin that combines the marital property classification under Chapter 766 with an automatic right of survivorship. This allows the surviving spouse to receive the deceased spouse's interest automatically without probate.

Answer Options
A
Tenancy in common, as husband and wife
B
Marital property, as husband and wife
C
Survivorship marital property, as husband and wife
D
Joint tenancy, as community property owners

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Related Topics & Key Terms

Key Terms:

survivorship_marital_propertymarital_property_actownership_typeswisconsin_uniqueright_of_survivorship

Related Concepts

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