Currently, nine states allow married couples to vest real estate as community property. Interests owned in community property function much like partnership interests, in that each spouse’s real property acquisitions belong legally to the marriage rather than the individual. Community property law is complex and state-specific, meaning its characteristics vary from state to state.
Owners of real property in Wisconsin can hold title in one of three ways: as tenants in common, joint tenants, or, if spouses, as community property (known in Wisconsin as marital property).
Continue reading “Marital Property (Real Estate) in Wisconsin”