701.0806 Trustee's skills.
701.0807 Delegation by trustee.
701.0808 Powers to direct; directing parties.
701.0809 Control and protection of trust property.
701.0810 Record keeping and identification of trust property.
701.0811 Enforcement and defense of claims.
701.0812 Collecting trust property; duties of successor trustees.
701.0813 Duty to inform and report.
701.0814 Discretionary powers; tax savings.
701.0815 General powers of trustee.
701.0816 Specific powers of trustee.
701.0817 Distribution upon termination.
701.0818 Trust protectors.
701.0819 Marital deduction transfers.
SUBCHAPTER IX
INVESTMENT MANAGEMENT OF TRUSTS
701.0901 Application of the Wisconsin Prudent Investor Act.
701.0902 Directed trust property.
701.0903 Nonapplication of prudent investor rule to life insurance contracts owned by trusts.
SUBCHAPTER X
LIABILITY OF TRUSTEES AND RIGHTS
OF PERSONS DEALING WITH TRUSTEE
701.1001 Remedies for breach of trust.
701.1002 Damages for breach of trust; liability of successor trustee.
701.1003 Damages in absence of breach.
701.1004 Attorney fees and costs.
701.1005 Limitation of action against trustee.
701.1006 Reliance on trust instrument.
701.1007 Event affecting administration or distribution.
701.1008 Exculpation of trustee.
701.1009 Beneficiary's consent, release, or ratification.
701.1010 Limitation on personal liability of trustee.
701.1011 Interest as general partner.
701.1012 Protection of person dealing with trustee.
701.1013 Certification of trust.
SUBCHAPTER XI
UNIFORM PRINCIPAL AND INCOME ACT
701.1101 Short title and scope.
701.1103 Fiduciary duties; general principles.
701.1104 Trustee's power to adjust.
701.1105 Notice to beneficiaries of proposed action.
701.1106 Conversion to unitrust.
701.1107 Express unitrusts.
701.1108 Power to treat capital gains as part of a distribution.
701.1109 Judicial review of discretionary power.
701.1110 Determination and distribution of net income.
701.1111 Distribution to residuary and remainder beneficiaries.
701.1112 When right to income begins and ends.
701.1113 Apportionment of receipts and disbursements when decedent dies or income interest begins.
701.1114 Apportionment when income interest ends.
701.1115 Character of receipts.
701.1116 Distribution from trust or estate.
701.1117 Business and other activities conducted by trustee.
701.1118 Principal receipts.
701.1119 Rental property.
701.1120 Obligation to pay money.
701.1121 Insurance policies and similar contracts.
701.1122 Insubstantial allocations not required.
701.1123 Deferred compensation, annuities, and similar payments.
701.1124 Liquidating asset.
701.1125 Minerals, water, and other natural resources.
701.1127 Property not productive of income.
701.1128 Derivatives and options.
701.1129 Asset-backed securities.
701.1130 Disbursements from income.
701.1131 Disbursements from principal.
701.1132 Transfers from income to principal for depreciation.
701.1133 Transfers from income to reimburse principal.
701.1135 Adjustments between principal and income because of taxes.
701.1136 Income payments and accumulations.
SUBCHAPTER XII
MISCELLANEOUS PROVISIONS
701.1201 Private foundations.
701.1202 Electronic records and signatures.
701.1203 Uniformity of application and construction.
701.1204 Applicability of general transfers at death provisions.
GENERAL PROVISIONS AND DEFINITIONS
701.0101
701.0101
Short title. This chapter may be cited as the Wisconsin Trust Code.
701.0101 History
History: 2013 a. 92.
701.0101 Annotation
Estate Planning Metamorphosis: Wisconsin's New Trust Code. Schultz & Wiensch. Wis. Law. June 2014.
701.0102
701.0102
Scope. This chapter applies to express, charitable or noncharitable, and testamentary or living trusts, and any trust created pursuant to a statute, judgment, or decree that requires the trust to be administered in the manner of an express trust. This chapter does not apply to any of the following:
