Trusts.

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  2. Wisconsin Statutes & Annotations
  3. Trusts.

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Section
701.0101

Short title.

Section
701.0102

Scope.

Section
701.0103

Definitions.

Section
701.0104

Knowledge.

Section
701.0105

Default and mandatory rules.

Section
701.0106

Common law of trusts; principles of equity.

Section
701.0107

Governing law.

Section
701.0108

Principal place of administration.

Section
701.0109

Methods and waiver of notice.

Section
701.0110

Others treated as qualified beneficiaries.

Section
701.0111

Nonjudicial settlement agreements.

Section
701.0201

Role of court in administration of trust.

Section
701.0202

Personal jurisdiction.

Section
701.0203

Subject matter jurisdiction.

Section
701.0204

Venue.

Section
701.0205

Notice.

Section
701.0206

Attorney for person in military service.

Section
701.0301

Representation: basic effect.

Section
701.0302

Representation by holder of general power of appointment.

Section
701.0303

Representation by fiduciaries, parents, or a person appointed by a trustee.

Section
701.0304

Representation by person having substantially identical interest.

Section
701.0305

Appointment of representative by a court.

Section
701.0401

Methods of creating a trust.

Section
701.0402

Requirements for creation.

Section
701.0403

Trusts created in other jurisdictions.

Section
701.0404

Trust purposes.

Section
701.0405

Charitable purposes; enforcement.

Section
701.0406

Creation of trust induced by fraud, duress, or undue influence.

Section
701.0407

Evidence of oral trust.

Section
701.0408

Trust for care of animal.

Section
701.0409

Noncharitable trust without ascertainable beneficiary.

Section
701.0410

Modification or termination of trust; proceedings for approval or disapproval.

Section
701.0411

Modification or termination of noncharitable irrevocable trust by consent.

Section
701.0412

Modification or termination because of unanticipated circumstances or inability to administer trust effectively.

Section
701.0413

Cy pres.

Section
701.0414

Modification or termination of uneconomic trust.

Section
701.0415

Reformation to correct mistakes.

Section
701.0416

Modification to achieve settlor's tax objectives.

Section
701.0417

Combination and division of trusts.

Section
701.0418

Trustee's power to appoint assets to new trust.

Section
701.0419

Transfers to trusts.

Section
701.0501

Rights of beneficiary's creditor or assignee.

Section
701.0502

Spendthrift provision.

Section
701.0503

Exceptions to spendthrift provision.

Section
701.0504

Discretionary trusts; effect of standard.

Section
701.0505

Creditor's claim against settlor.

Section
701.0506

Overdue distribution.

Section
701.0507

Personal obligations of trustee.

Section
701.0508

Debts of decedents.

Section
701.0601

Capacity of settlor of revocable trust.

Section
701.0602

Revocation or amendment of revocable trust.

Section
701.0603

Settlor's powers; powers of withdrawal.

Section
701.0604

Limitation on action contesting validity of revocable trust; distribution of trust property.

Section
701.0701

Accepting or declining trusteeship.

Section
701.0702

Trustee's bond.

Section
701.0703

Cotrustees.

Section
701.0704

Vacancy in trusteeship; appointment of successor.

Section
701.0705

Resignation of trustee.

Section
701.0706

Removal of trustee.

Section
701.0707

Delivery of property by former trustee.

Section
701.0708

Compensation of trustee.

Section
701.0709

Reimbursement of expenses.

Section
701.0710

Title of trust property.

Section
701.0801

Duty to administer trust.

Section
701.0802

Duty of loyalty.

Section
701.0803

Impartiality.

Section
701.0804

Prudent administration.

Section
701.0805

Costs of administration.

Section
701.0806

Trustee's skills.

Section
701.0807

Delegation by trustee.

Section
701.0808

Powers to direct; directing parties.

Section
701.0809

Control and protection of trust property.

Section
701.0810

Record keeping and identification of trust property.

Section
701.0811

Enforcement and defense of claims.

Section
701.0812

Collecting trust property; duties of successor trustees.

Section
701.0813

Duty to inform and report.

Section
701.0814

Discretionary powers; tax savings.

Section
701.0815

General powers of trustee.

Section
701.0816

Specific powers of trustee.

Section
701.0817

Distribution upon termination.

Section
701.0818

Trust protectors.

Section
701.0819

Marital deduction transfers.

Section
701.0901

Application of the Wisconsin Prudent Investor Act.

Section
701.0902

Directed trust property.

Section
701.0903

Nonapplication of prudent investor rule to life insurance contracts owned by trusts.

Section
701.1001

Remedies for breach of trust.

Section
701.1002

Damages for breach of trust; liability of successor trustee.

Section
701.1003

Damages in absence of breach.

Section
701.1004

Attorney fees and costs.

Section
701.1005

Limitation of action against trustee.

Section
701.1006

Reliance on trust instrument.

Section
701.1007

Event affecting administration or distribution.

Section
701.1008

Exculpation of trustee.

Section
701.1009

Beneficiary's consent, release, or ratification.

Section
701.1010

Limitation on personal liability of trustee.

Section
701.1011

Interest as general partner.

Section
701.1012

Protection of person dealing with trustee.

Section
701.1013

Certification of trust.

Section
701.1101

Short title and scope.

Section
701.1102

Definitions.

Section
701.1103

Fiduciary duties; general principles.

Section
701.1104

Trustee's power to adjust.

Section
701.1105

Notice to beneficiaries of proposed action.

Section
701.1106

Conversion to unitrust.

Section
701.1107

Express unitrusts.

Section
701.1108

Power to treat capital gains as part of a distribution.

Section
701.1109

Judicial review of discretionary power.

Section
701.1110

Determination and distribution of net income.

Section
701.1111

Distribution to residuary and remainder beneficiaries.

Section
701.1112

When right to income begins and ends.

Section
701.1113

Apportionment of receipts and disbursements when decedent dies or income interest begins.

Section
701.1114

Apportionment when income interest ends.

Section
701.1115

Character of receipts.

Section
701.1116

Distribution from trust or estate.

Section
701.1117

Business and other activities conducted by trustee.

Section
701.1118

Principal receipts.

Section
701.1119

Rental property.

Section
701.1120

Obligation to pay money.

Section
701.1121

Insurance policies and similar contracts.

Section
701.1122

Insubstantial allocations not required.

Section
701.1123

Deferred compensation, annuities, and similar payments.

Section
701.1124

Liquidating asset.

Section
701.1125

Minerals, water, and other natural resources.

Section
701.1126

Timber.

Section
701.1127

Property not productive of income.

Section
701.1128

Derivatives and options.

Section
701.1129

Asset-backed securities.

Section
701.1130

Disbursements from income.

Section
701.1131

Disbursements from principal.

Section
701.1132

Transfers from income to principal for depreciation.

Section
701.1133

Transfers from income to reimburse principal.

Section
701.1134

Income taxes.

Section
701.1135

Adjustments between principal and income because of taxes.

Section
701.1136

Income payments and accumulations.

Section
701.1201

Private foundations.

Section
701.1202

Electronic records and signatures.

Section
701.1203

Uniformity of application and construction.

Section
701.1204

Applicability of general transfers at death provisions.

Section
701.1205

Applicability.