854.25 Personal liability of recipients not for value.
(1) Original recipients. A person who, not for value, receives property to which the person is not entitled under this chapter shall return the property. If the property is not returned, the recipient shall be personally liable for the value of the property to the person who is entitled to it under this chapter, regardless of whether the recipient has the property, its proceeds or property acquired with the property or its proceeds.
(2) Subsequent recipients.
(a) If a recipient described in sub. (1) gives all or part of the property described in sub. (1) to a subsequent recipient, not for value, the subsequent recipient shall return the property. If the property is not returned, the subsequent recipient shall be personally liable to the person who is entitled to it under this chapter for the value received, if the subsequent recipient has the property, its proceeds or property acquired with the property or its proceeds.
(b) If the subsequent recipient described in par. (a) does not have the transfer described, its proceeds or the property acquired with the property or its proceeds, but knew or should have known of his or her liability under this section, the subsequent recipient remains personally liable to the person who is entitled to it under this chapter for the value received.
(3) Mode of satisfaction. On petition of the person entitled to the property under this chapter showing that the mode of satisfaction chosen by the recipient in sub. (1) or (2) will create a hardship for the entitled person, the court may order that a different mode of satisfaction be used.
History: 1997 a. 188.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 854 - Transfers at death — general rules.
854.03 - Requirement of survival by 120 hours.
854.05 - No exoneration of encumbered property.
854.06 - Predeceased transferee.
854.07 - Failed transfer and residue.
854.08 - Nonademption of specific gifts in certain cases.
854.09 - Advancement; satisfaction.
854.13 - Disclaimer of transfers at death.
854.14 - Beneficiary who kills decedent.
854.15 - Revocation of provisions in favor of former spouse or former domestic partner.
854.17 - Marital property classification; ownership and division of marital property at death.
854.18 - Order in which assets apportioned; abatement.
854.19 - Penalty clause for contest.
854.20 - Status of adopted persons.
854.21 - Persons included in family groups or classes.
854.22 - Form of distribution for transfers to family groups or classes.
854.23 - Protection of payers and other 3rd parties.
854.24 - Protection of buyers.
854.25 - Personal liability of recipients not for value.
854.26 - Effect of federal preemption.
854.30 - Application of certain wills or trusts referring to repealed federal transfer taxes.