WI AB195

Transfer on death (TOD) beneficiary designations for real property may now only be revoked by a subsequently acknowledged instrument recorded with the register of deeds, such as a new TOD document, an express revocation instrument, or an inter vivos deed with an express revocation clause

For jointly owned property or survivorship marital property with multiple owners, a TOD beneficiary designation can only be revoked if all living joint tenants or spouses agree; one owner's revocation does not affect another owner's interest

When real property wholesaler contracts are rescinded due to disclosure violations, persons holding deposits or option fees may disburse those funds to the rescinding party (seller or third-party assignee) without liability

To obtain evidence that a decedent's real property interests have terminated, applicants may now submit the most recent property tax bill rather than only the bill from the year preceding death

Judgment satisfactions may now be filed in other counties using an original satisfaction signed and acknowledged by the owner or their attorney of record, rather than requiring a certified copy or certificate from the original county's clerk of court