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I married a man from WI 5 1/2 years ago. A week or two prior to the marriage, he insisted I sign a Wisconsin Statute Section 766.59 Statement listing 10 different accounts (checking, banking, investments, etc.) as his individual property. We are having some issues with his giving his adult children large amounts of money from these accounts. I thought that in the event of our divorce, if that happened, that would be when this document would prevail. I gave up a good job in Illinois to move to be married, and where we live right now, the only jobs I have been able to find are temporary such as substitute teaching at the local school. What are my rights? He has transferred money from at least one of these accounts into a joint account during our marriage. Is that money still considered under the marital property statement.
Optional Information: State/Country of Question: United States Already Tried: Nothing
Hello,The money transferred into the joint account is marital property. It loses it separate individual status when placed into the joint account. However, money that is separately designated as your husband's individual property is his money. It is not marital money. He can gift it without your consent. Sorry.
Experience: 25 years of experience. Positive feedback appreciated