Current through Acts 2023-2024, ch. 272
Section 863.39 - Escheats(1) GENERALLY. If any legacy or intestate property is not claimed by the distributee within 120 days after entry of final judgment, or within the time designated in the judgment, it shall be converted into money as close to the inventory value as possible and paid to the administrator, as defined in s. 177.01 (1), for deposit as provided under s. 177.0801. Claims for the money shall be made under sub. (3).(2) FOREIGN DISTRIBUTEE. If notice is given to a distributee domiciled in a foreign country under s. 879.03 and the distributee is not heard from within 120 days after entry of final judgment of distribution, or within a longer time designated in the judgment, the property which the distributee would take shall not escheat, but shall descend as intestate property.(3) RECOVERY OF MONEY.(a) Within 10 years after the date of publication under s. 177.0503, any person claiming any amount deposited under sub. (1) may file in the probate court in which the estate was settled a petition alleging the basis of his or her claim. The court shall order a hearing upon the petition, and 20 days' notice of the hearing and a copy of the petition shall be given by the claimant to the department of revenue and to the attorney general, who may appear for the state at the hearing. If the claim is established it shall be allowed without interest, but including any increment which may have occurred on securities held, and the court shall so certify to the department of administration, which shall audit the claim. The secretary of revenue shall pay the claim out of the appropriation under s. 20.566 (4) (j). Before issuing the order distributing the estate, the court shall issue an order determining the death tax due, if any. If real property has been adjudged to escheat to the state under s. 852.01 (3) the probate court which made the adjudication may adjudge at any time before title has been transferred from the state that the title shall be transferred to the proper owners under this subsection.(b) Notwithstanding par. (a), whenever moneys arising from an unclaimed legacy or unclaimed intestate property have been deposited with the state treasurer on or after April 1, 1971, but before April 30, 1980, claims may be made for the property under this section within 10 years after April 30, 1980.Amended by Acts 2021 ch, 240,s 24, eff. 4/10/2022.Amended by Acts 2021 ch, 87,s 195, eff. 11/7/2021.Amended by Acts 2021 ch, 87,s 194, eff. 11/7/2021.Amended by Acts 2013 ch, 20,s 2295t, eff. 7/2/2013.Amended by Acts 2013 ch, 20,s 2295p, eff. 7/2/2013.Amended by Acts 2013 ch, 20,s 2295h, eff. 7/2/2013.1979 c. 221; 1983 a. 408; 1987 a. 27 s. 3200 (47); 1993 a. 486. The personal representative of a known deceased person is a proper party to claim an unclaimed legacy. The court can determine the date of death to determine entitlement to the fund. Estate of Rosenstein, 47 Wis. 2d 494, 177 N.W.2d 372 (1970).