WI
Wisconsin Assembly Bill AB195
Wisconsin 2025-2026 Regular Session
Menu
WI

Wisconsin 2025-2026 Regular Session

Wisconsin Assembly Bill AB195

Introduced
4/15/25  
Refer
4/15/25  
Report Pass
10/8/25  
Refer
10/8/25  

Caption

An Act to renumber and amend 705.15 (3) and 806.22; to amend 710.13 (3) (title), 867.045 (1) (j) and 867.046 (2) (i); to repeal and recreate 806.22 (title); to create 705.15 (3) (a) 1. and 2., 705.15 (3) (b) and (c), 710.13 (3) (c) and 806.22 (1) (a) to (c) of the statutes; Relating to: revoking a transfer of real property on death, obtaining evidence of the termination of a decedent’s property interests, disbursing deposits after rescission of real property wholesaler contracts, and filing satisfactions of judgment.

Impact

The amendments proposed by AB195 have significant implications for existing state statutes related to estate planning and real property rights. By tightening the requirements for revoking a TOD beneficiary designation, the bill enhances legal clarity surrounding these designations and prevents unintentional losses of property interests. Furthermore, it streamlines the process for obtaining evidence regarding the termination of a decedent's property interests by allowing more flexible documentation submission, which is expected to lessen bureaucratic delays in estate closure processes.

Summary

Assembly Bill 195 introduces several modifications regarding the handling of real property transfers upon death, the process for obtaining evidence of property interests of decedents, the disbursement of deposits in real estate wholesale contracts upon rescission, and the filing of satisfaction for judgments. It particularly focuses on the revocation procedures of Transfer on Death (TOD) beneficiary designations, ensuring that these endorsements must be explicitly acknowledged and recorded to be deemed validly revoked. This change aims to clarify the responsibilities and rights of property owners and their heirs in such critical transactions, thus ensuring a smoother transition of property rights post-death.

Contention

However, the bill is not without its points of contention. Critics may argue that the stricter requirements for revoking beneficiary designations could make it more challenging for owners to adjust their estate plans, especially in family situations where relationships may evolve. Additionally, the implications for wholesalers involved in real property transactions may raise concerns regarding the increased burden of compliance and potential impacts on liquidity for those in the real estate market. Overall, while AB195 enhances clarity and efficiency, it simultaneously introduces complexities that stakeholders need to navigate carefully.

Latest WI AB195 Activity

View All Events: WI 2025-2026 Regular Session AB195

Companion Bills

WI SB193

Crossfiled An Act to renumber and amend 705.15 (3) and 806.22; to amend 710.13 (3) (title), 867.045 (1) (j) and 867.046 (2) (i); to repeal and recreate 806.22 (title); to create 705.15 (3) (a) 1. and 2., 705.15 (3) (b) and (c), 710.13 (3) (c) and 806.22 (1) (a) to (c) of the statutes; Relating to: revoking a transfer of real property on death, obtaining evidence of the termination of a decedent’s property interests, disbursing deposits after rescission of real property wholesaler contracts, and filing satisfactions of judgment.

Previously Filed As

WI SB193

Revoking a transfer of real property on death, obtaining evidence of the termination of a decedent’s property interests, disbursing deposits after rescission of real property wholesaler contracts, and filing satisfactions of judgment.

WI HB147

An Act To Amend Title 12, Title 18, Title 25, And Title 30 Of The Delaware Code Relating To The Uniform Real Property Transfer On Death Act.

WI HB297

An Act To Amend Titles 12 And 25 Of The Delaware Code Relating To Decedents Estates And Property.

WI HB1793

AN ACT to amend Tennessee Code Annotated, Title 8; Title 30; Title 31; Title 32; Title 35; Title 55; Title 66 and Section 67-4-409, relative to the automatic transfer of property upon death.

WI SB2029

AN ACT to amend Tennessee Code Annotated, Title 8; Title 30; Title 31; Title 32; Title 35; Title 55; Title 66 and Section 67-4-409, relative to the automatic transfer of property upon death.

WI HB1179

Transportation; changes various provisions of existing funds, etc.

WI HB1179

A BILL to amend and reenact §§ 33.2-359, 33.2-371, 33.2-1526, 33.2-1526.1, 33.2-3102, 33.2-3401, 33.2-3402, 33.2-3403, 33.2-3502, 46.2-774, and 46.2-2099.48 of the Code of Virginia; to amend the Code of Virginia by adding in Article 2 of Chapter 19 of Title 33.2 a section numbered 33.2-1904.1, by adding in Article 11 of Chapter 19 of Title 33.2 a section numbered 33.2-1937, by adding in Chapter 24 of Title 33.2 a section numbered 33.2-2402, by adding in Chapter 7 of Title 46.2 a section numbered 46.2-775, by adding a section numbered 58.1-603.3, and by adding in Chapter 17 of Title 58.1 articles numbered 13, 14, and 15, consisting of sections numbered 58.1-1749, 58.1-1750, and 58.1-1751; and to repeal § 33.2-3100.1 of the Code of Virginia, relating to transportation funding.

WI SB0010

Property: land sales; sale or transfer of real property to foreign entities; prohibit. Amends title & secs. 35 & 36 of 1846 RS 66 (MCL 554.135 & 554.136) & adds sec. 36a.

WI HB900

A BILL to amend and reenact §§ 33.2-358, 33.2-371, 33.2-1524, 33.2-1524.1, 33.2-1526.1, 33.2-3401, 33.2-3402, 33.2-3403, 33.2-3502, 46.2-774, 58.1-602, 58.1-603, as it is currently effective and as it may become effective, 58.1-609.5, 58.1-609.11, 58.1-612, 58.1-623, 58.1-647, and 58.1-648 of the Code of Virginia; to amend the Code of Virginia by adding in Article 2 of Chapter 19 of Title 33.2 a section numbered 33.2-1904.1, by adding in Article 11 of Chapter 19 of Title 33.2 a section numbered 33.2-1937, by adding in Chapter 24 of Title 33.2 a section numbered 33.2-2402, by adding in Chapter 7 of Title 46.2 a section numbered 46.2-775, by adding sections numbered 58.1-603.3 and 58.1-612.3, and by adding in Chapter 17 of Title 58.1 an article numbered 13, consisting of a section numbered 58.1-1749; and to amend Chapter 766 of the Acts of Assembly of 2013 by adding a nineteenth enactment, relating to sales and use tax on taxable services and digital personal property; taxes levied in certain transportation districts; funding for transportation.

WI HB4234

Property: land sales; sale or transfer of agricultural assets or land to foreign entities; prohibit. Amends title & secs. 35 & 36 of 1846 RS 66 (MCL 554.135 & 554.136) & adds secs. 36a & 36b.

Similar Bills

SC S0049

Transfer on Death Deed

IA HF713

A bill for an act relating to probate law, including providing notice to named beneficiaries and a process for named beneficiaries to obtain ownership of property held by others.(See HF 940.)

IA HF940

A bill for an act relating to civil law, including providing notice to named beneficiaries in probate law, a process for named beneficiaries to obtain ownership of property held by others in probate law, and authorizing spouses to amend premarital agreements, and including applicability provisions. (Formerly HF 713.)

WA SB5037

Enacting the uniform custodial trust act.

IN HB1213

Insurance and transfer on death deeds.

DE HB147

An Act To Amend Title 12, Title 18, Title 25, And Title 30 Of The Delaware Code Relating To The Uniform Real Property Transfer On Death Act.

TX HB3395

Relating to authorizing a beneficiary designation that transfers a manufactured home classified as personal property at the owner's death.

MI HB4014

Property tax: assessments; transfer of ownership of certain real property to certain individuals; exempt from uncapping of taxable value upon transfer. Amends sec. 27a of 1893 PA 206 (MCL 211.27a).