Common use of Xxxxxxx Accounts in Wisconsin Clause in Contracts

Xxxxxxx Accounts in Wisconsin. A Marital Account is an Account established on or after January 1, 1986, in Wisconsin without the right of survivorship by two parties who claim to be married, which is payable on request to either or both of the parties and which is designated as a Marital Account. A Marital Account belongs, during the lifetime of both parties, to the parties without regard to the proportion of their respective contributions to the sums on deposit or to the number of signatures required for payment. A party to a Marital Account may name one or more POD for that party’s interest. A Marital Account is owned as a Marital Account by the parties named thereon. Upon the death of either of the parties, the survivor owns 50% of the sums on deposit and the estate of the deceased is entitled to the other 50%. A Marital Account with POD is owned as a Marital Account by the named parties and, upon the death of either of them, 50% of the sums on deposit are owned by the survivor and 50% are owned by the POD beneficiary(ies). Except as described in this Section 4.E, Marital Accounts are governed by the same terms and conditions as other jointly owned Accounts.

Xxxxxxx Accounts in Wisconsin. A Marital Account is an Account established on or after January 1, 1986, in Wisconsin without the right of survivorship by two parties who claim to be marriedhusband and wife, which is payable on request to either or both of the parties and which is designated as a Marital Account. A Marital Account belongs, during the lifetime of both parties, to the parties without regard to the proportion of their respective contributions to the sums on deposit or to the number of signatures required for payment. A party to a Marital Account may name one or more POD for that party’s interest. A Marital Account is owned as a Marital Account by the parties named thereon. Upon the death of either of the partiesthem, the survivor owns 50% 50 of the sums on deposit and the estate of the deceased is entitled to the other 50%deposit. A Marital Account with POD is owned as a Marital Account by the named parties and, upon the death of either of them, 50% 50 of the sums on deposit are owned by the survivor and 50% 50 are owned by the POD beneficiary(ies)) named on the signature record by the deceased party. Except as described in this Section 4.E, Marital Accounts are governed by the same terms and conditions as other jointly owned Accounts.

Xxxxxxx Accounts in Wisconsin. A Marital Account is an Account established on or after January 1, 1986, in Wisconsin without the right of survivorship by two parties who claim to be marriedhusband and wife, which is payable on request to either or both of the parties and which is designated as a Marital Account. A Marital Account belongs, during the lifetime of both parties, to the parties without regard to the proportion of their respective contributions to the sums on deposit or to the number of signatures required for payment. A party to a Marital Account may name one or more POD for that party’s interest. A Marital Account is owned as a Marital Account by the parties named thereon. Upon the death of either of the partiesthem, the survivor owns 50% of the sums on deposit and the estate of the deceased is entitled to the other 50%deposit. A Marital Account with POD is owned as a Marital Account by the named parties and, upon the death of either of them, 50% of the sums on deposit are owned by the survivor and 50% are owned by the POD beneficiary(ies)) named on the signature record by the deceased party. Except as described in this Section 4.E, Marital Accounts are governed by the same terms and conditions as other jointly owned Accounts.