The designation of a TOD beneficiary on a registration in beneficiary form does not affect ownership until the owner’s death. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then surviving owners, without the consent of the beneficiary.
Wis. Stat. § 705.26
Effect of registration in beneficiary form
Applied in 1 court decision — leading case Estate Sheppard Ex Rel. McMorrow v. Schleis (2010)
Most recently applied in Estate Sheppard Ex Rel. McMorrow v. Schleis (May 2010)
1989 a. 331.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.