880.175 of the statutes is renumbered 54.20 (2) (b) and amended to read:
54.20 (2) (b) Upon petition by the guardian, a parent, the spouse, any issue or next of kin of any person, assets of the person may, in the discretion of the court and upon its order, after such notice as the court may require, be transferred Transfer assets of the ward to the trustee or trustees of an any existing revocable living trust created by the person for the benefit of that the ward has created for himself or herself and those dependent upon the person for support any dependents, or, if the ward is a minor, to the trustee or trustees of a
any trust created for the exclusive benefit of the person, if a minor, which
ward that distributes to him or her at age 18 or 21, or, if the ward dies before age 18 or 21, to his or her estate, or as he or she appoints if he or she dies prior to age 18 or 21 the ward has appointed by a written instrument that is executed after the ward attains age 14.
880.18 (title) of the statutes is renumbered 54.60 (title).
880.18 of the statutes is renumbered 54.60 (1) and amended to read:
54.60 (1) Inventory required.
When a The guardian of the estate has been appointed an inventory shall be made in the same manner and subject to the same requirements as are provided for the inventory of a decedent's estate. An appraisal of all or any part of the ward's estate shall be made when ordered by the court prepare an inventory that lists all of the ward's income and assets, including interests in property and any marital property interest, regardless of how the asset is titled.
880.19 (title) of the statutes is repealed.
880.19 (1) (title) of the statutes is repealed.
880.19 (1) of the statutes is renumbered 54.19 (1) and amended to read:
54.19 (1) The guardian of the estate shall take Take possession of all of the ward's real and personal property, and of any rents, income, issues and benefits therefrom, whether accruing before or after the guardian's appointment from the property, and of the any proceeds arising from the sale, mortgage, lease, or exchange thereof of the property and prepare an inventory of these. Subject to such this possession, the title of all such estate the income and assets of the ward and to the increment and proceeds thereof shall be of the income and assets of the ward in the ward and not in the guardian. It is the duty of the guardian of the estate to protect and preserve it, to retain, sell and invest it as hereinafter provided, to account for it faithfully, to perform all other duties required of the guardian by law and at the termination of the guardianship to deliver the assets of the ward to the persons entitled thereto.
880.19 (2) (title) of the statutes is repealed.
880.19 (2) (a) of the statutes is renumbered 54.20 (1) (intro.) and amended to read:
54.20 (1) Standard. (intro.)
The In exercising the powers under this section, the guardian of the estate may, without the approval of the court, retain any real or personal property possessed by the ward at the time of appointment of the guardian or subsequently acquired by the ward by gift or inheritance without regard to ch. 881, so long as such retention constitutes the exercise of shall use the judgment and care under the circumstances then prevailing, which that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to including the permanent, rather than speculative, disposition of their funds, considering and consideration of the probable income as well as the probable and safety of their capital. In addition, in exercising powers and duties under this section, the guardian of the estate shall consider, consistent with the functional limitations of the ward, all of the following:
880.19 (2) (b) of the statutes is renumbered 54.20 (3) (f) and amended to read:
54.20 (3) (f) The guardian of the estate may, with the approval of the court, after such notice as the court directs, retain Retain any real or personal property possessed by that the ward at the time of the appointment of the possesses when the guardian or subsequently acquired by is appointed or that the ward acquires by gift or inheritance for such period of time as shall be designated in the order of the court approving such retention, without regard to ch. 881 during the guardian's appointment.
880.19 (3) (title) of the statutes is repealed.
880.19 (3) of the statutes is renumbered 54.20 (2) (k) and amended to read:
54.20 (2) (k) In all cases where
in which the court deems it determines that it is advantageous to continue the business of a ward, such business may be continued by the guardian of the estate on such continue the business on any terms and conditions as may be specified in the order of the court.
880.19 (4) (title) of the statutes is repealed.
880.19 (4) (a) of the statutes is renumbered 54.20 (3) (h) and amended to read:
54.20 (3) (h) The guardian of the estate may, without approval of the court, invest Invest and reinvest the proceeds of sale of any guardianship assets of the ward and any of the ward's other moneys in the guardian's possession in accordance with ch. 881.
880.19 (4) (b) of the statutes is renumbered 54.20 (3) (i) and amended to read:
54.20 (3) (i) The guardian of the estate may, with the approval of the court, after Notwithstanding ch. 881, after such notice as the court directs, and subject to ch. 786, invest the proceeds of sale of any guardianship assets of the ward and any of the ward's other moneys in the guardian's possession in such the real or personal property as the court determines that is determined by the court to be in the best interests of the guardianship estate, without regard to ch. 881 of the ward.
880.19 (4) (c) of the statutes is renumbered 54.18 (3) (a) and amended to read:
54.18 (3) (a) No guardian shall lend guardianship Lend funds of the ward to himself or herself.
880.19 (5) (title) of the statutes is repealed.
880.19 (5) (a) of the statutes is renumbered 54.20 (3) (g) and amended to read:
54.20 (3) (g) The guardian of the estate may, without approval of the court, sell Subject to ch. 786, sell, mortgage, pledge, lease, or exchange any property
asset of the guardianship estate acquired by the guardian pursuant to sub. (4) ward at fair market value.
880.19 (5) (b) of the statutes is renumbered 54.22 and amended to read:
54.22 Petition for authority to sell, mortgage, pledge, lease, or exchange ward's property. The court, on the application of the guardian of the estate or of any other Notwithstanding s. 54.20 (3) (g), (h), and (i), a person interested in the estate of any a ward, after such notice if any, as the court directs, may authorize or
petition the court to require the guardian to sell, mortgage, pledge, lease, or exchange any property
asset of the guardianship estate upon such terms as of the ward. Following the petition and upon any notice and hearing that the court requires, the court may so order, subject to ch. 786, for the purpose of paying the ward's debts, providing for the ward's care, maintenance, and education and the care, maintenance, and education of the ward's dependents, investing the proceeds, or for any other purpose
which that is in the best interest of the ward.
880.19 (5) (c) of the statutes is renumbered 54.18 (3) (c) and amended to read:
54.18 (3) (c) No guardian shall purchase Purchase property of the ward, unless sold at public sale
except at fair market value, subject to ch. 786, and with the approval of the court, and then only if the guardian is a spouse, parent, child, brother or sister of the ward or is a cotenant with the ward in the property.
880.19 (5) (d) of the statutes is repealed.
880.19 (6) of the statutes is repealed.
880.191 (title) of the statutes is repealed.
880.191 (1) of the statutes is renumbered 54.60 (7) and amended to read:
54.60 (7) Verification, examination in court. Every guardian of the estate shall verify by the guardian's oath to the best of the guardian's information and belief that every inventory required of the guardian and verification shall be to the effect that the inventory is true of of the estate includes all property which belongs to his or her decedent's estate or his or her ward, which has come to the guardian's possession or knowledge, and that upon diligent inquiry the guardian has not been able to discover any property belonging to the estate or ward which is not included therein income and assets of the ward. The court, at the request of any party interested, or on its own motion, may examine the guardian of the estate on oath in relation thereto, as to the inventory or in relation to any supposed omission from the inventory.
880.191 (2) of the statutes is renumbered 54.60 (8) and amended to read:
54.60 (8) Citation to file inventory and to account. If any guardian neglects to file the inventory or account when required by law, the circuit judge
court shall call the guardian's attention of the guardian of the estate to the neglect. If the guardian still neglects of the estate continues to neglect his or her duty in the premises, the court shall order the guardian of the estate to file the inventory, and the costs may be adjudged against the guardian of the estate.
880.192 of the statutes is repealed.
880.195 of the statutes is renumbered 54.625 and amended to read:
54.625 Transfer of Menominees guardianship funds to trust of a Menominee.
court which that
has appointed a guardian of the estate of any minor or individual found
incompetent who is a legally enrolled
member of the Menominee Indian tribe,
as defined in s. 49.385,
or a lawful distributee thereof
, as defined in s. 54.850 (3), of the member
may direct the guardian to transfer the assets in the guardian's possession
of the minor or individual found
incompetent in the guardian's possession
to the trustees of the trust created by the secretary of interior or his or her delegate which that
receives property of the minors or incompetents individuals found incompetent that is
transferred from the United States or any agency thereof as provided by P.L. 83-399
, as amended, and the assets shall thereafter be held, administered,
and distributed in accordance with the terms and conditions of the trust.
880.21 of the statutes is repealed.
880.215 of the statutes is renumbered 54.47 and amended to read:
54.47 Lis pendens, void contracts. A certified copy of the petition and order for hearing provided for in ss. 880.07 54.34 and 880.08 54.38 may be filed in the office of the register of deeds for the county; and if. If a guardian shall be is appointed upon such application after a hearing on the petition and if the court's order includes a finding that the ward may not make contracts, all contracts, except for necessaries at reasonable prices, and all gifts, sales, and transfers of property made by such insane or incompetent person or spendthrift, the ward after the filing of a certified copy of such petition and the order as aforesaid, shall be void. The validity of a contract made by a person under limited guardianship is not void, however, unless the determination is made by the court in its finding under s. 880.33 (3) that the ward is incapable of exercising the power to make contracts are void, unless notified by the guardian in writing.
880.22 (title) of the statutes is repealed.
880.22 (1) (title) of the statutes is repealed.
880.22 (1) of the statutes is renumbered 54.19 (7) and amended to read:
54.19 (7) Every general guardian shall With respect to claims, pay the just legally enforceable debts of the ward out of, including by filing tax returns and paying any taxes owed,from the ward's personal estate and the income of the ward's real estate, if sufficient, and if not, then out of the ward's real estate upon selling the same as provided by law. But a temporary guardian shall pay the debts of his or her ward only on order of the court and assets.
880.22 (2) (title) of the statutes is repealed.
880.22 (2) of the statutes is renumbered 54.20 (2) (L) and amended to read:
54.20 (2) (L) The guardian or a creditor of any ward may apply Apply to the court for adjustment of
any claims against the ward incurred prior to before entry of the order appointing the guardian or the filing of a lis pendens as provided in s. 880.215 54.47. The court shall by order fix the time and place it will adjust claims and the time within which all claims must shall be presented or be barred. Notice of the time and place so fixed and limited these times and the place shall be given by publication as in estates of decedents; and all statutes relating to claims against and in favor of estates of decedents provided in s. 879.05 (4), and ch. 859 generally shall apply. As in the settlement of estates of deceased persons, after After the court has made the order, no action or proceeding may be commenced or maintained in any court against the ward upon any claim of over which the circuit court has jurisdiction.
880.23 (title) of the statutes is repealed.
880.23 of the statutes is renumbered 54.20 (3) (j) and amended to read:
54.20 (3) (j) The guardian shall settle Settle all claims and accounts of the ward and may demand, sue for, collect and receive all debts and claims for damages due him or her, or may, with the approval of the circuit court, compound and discharge the same, and shall appear for and represent his or her the ward in all actions and proceedings except where those for which another person is appointed for that purpose.
880.24 (title) of the statutes is repealed.
880.24 (1) of the statutes is repealed.
880.24 (2) of the statutes is renumbered 54.42 (4) and amended to read:
54.42 (4) Ward's Right to payment of expenses in contesting proceedings. When If a guardian is appointed, the court may shall, if the court determines it reasonable, allow reasonable payment from the ward's income or assets of expenses incurred by the ward in contesting the appointment. These expenses are payable before other attorney or guardian ad litem fees.
880.24 (3) (title) of the statutes is renumbered 54.46 (3) (title) and amended to read:
54.46 (3) (title) Fees and costs of petitioner.
880.24 (3) (a) (intro.) of the statutes is renumbered 54.46 (3) (a) (intro.) and amended to read:
54.46 (3) (a) Petitioner's attorney fees and costs. (intro.) Except as provided in par. (b), when If a guardian is appointed, the court shall award from the ward's estate income and assets payment of the petitioner's reasonable attorney fees and costs, including those fees and costs, if any, related to protective placement of the ward, unless the court finds, after considering all of the following, that it would be inequitable to do so:
880.24 (3) (a) 1. to 3. of the statutes are renumbered 54.46 (3) (a) 1. to 3.
880.24 (3) (a) 4. of the statutes is renumbered 54.46 (3) (a) 5.
880.24 (3) (b) of the statutes is renumbered 54.46 (3) (a) 4. and amended to read:
54.46 (3) (a) 4. If the court finds that Whether the ward had executed a durable power of attorney under s. 243.07 or a power of attorney for health care under s. 155.05 or had engaged in other advance planning to avoid guardianship, the court may not make the award specified in par. (a) for financial and health care decision making.
880.245 of the statutes is renumbered 54.62 (6) and amended to read:
54.62 (6) Accounting by agent 3rd parties to guardian. The circuit court, upon the application of any If a guardian appointed by it a court so requests, the court may order any person who has been entrusted by the guardian with any part of the estate of a decedent or ward to appear before the court, and may require the person to render a full account, on oath, of any property or papers belonging to the estate which have come to the person's possession the income or assets and of his or her proceedings thereon action regarding the income or assets. If the person refuses to appear and render an account, the court may proceed against him or her as for contempt.
880.25 (title) of the statutes is repealed.
880.25 (1) of the statutes is renumbered 54.62 (1) and amended to read:
54.62 (1) Annual reports. Every Except as provided in sub. (3) or unless waived by a court, every guardian, except including a corporate guardian, shall, prior to April 15 of each year, file an account under oath specifying that specifies the amount of property the ward's assets or income received and held or invested by the guardian, the nature and manner of the investment, and the guardian's receipts and expenditures during the preceding calendar year. When ordered by the court, The court may order the guardian shall within 30 days to render and file, within 30 days, a like account for any shorter term less than a year. In lieu of the filing of these accounts before April 15 of each year, the court may, by appropriate order upon motion of the guardian, direct the guardian of an estate to thereafter render and file the annual accountings within 60 days after the anniversary date of the guardian's qualification as guardian, with the accounting period from the anniversary date of qualification to the ensuing annual anniversary date. When any guardian of a minor has custody of the ward and the care of the ward's education, the guardian's report shall state the time that the ward attended school during the time for which the account is rendered and the name of the school. The guardian shall also report any change in the status of the surety upon the guardian's bond. If the court determines it to be in the ward's best interests, the court may specify the persons to whom the guardian shall distribute copies of the account.
880.25 (2) of the statutes is renumbered 54.62 (2) and amended to read:
54.62 (2) Display of assets. Upon rendering the account the guardian shall produce for examination by the court, or some by a person satisfactory to the court, evidence of all of the ward's securities, evidences of deposit depository accounts, and other investments reported, which shall be described in the account in sufficient detail so that they may be readily identified. It shall be ascertained The court or person satisfactory to the court shall ascertain whether the evidence of securities, evidences of deposit depository accounts, and other investments correspond with the account.
880.25 (3) of the statutes is renumbered 54.66 (2) and amended to read:
54.66 (2) Small estates. When the whole estate of a ward or of several wards jointly, under the same guardianship, does not exceed $1,000 in value, the The guardian shall be required to render of a ward with a small estate, as specified in s. 54.62 (3) (a), need not file a final account only upon the termination of the guardian's guardianship, unless otherwise ordered by the court. The guardian shall instead provide the court with a list of the ward's assets that remain at the time the guardianship terminates, including at the death of the ward.
880.25 (4) of the statutes is renumbered 54.62 (5) and amended to read:
54.62 (5) Examination of accounts. The account shall be promptly examined under the court's direction and if it as the court directs. If the account is not satisfactory it shall be examined on 8 days' notice and, the court shall make such order thereon order action as justice requires. Notice and shall direct that notice be provided to the guardian may be served personally or by certified mail as the court directs. When the examination of a guardian's account is upon notice. If notice is provided to the guardian under this subsection, the court may appoint a guardian ad litem of for the ward may be appointed.
880.25 (5) of the statutes is renumbered 54.62 (7) (intro.) and amended to read:
54.62 (7) Notice of final action on an account. (intro.) No action by the court upon any on an account shall be is final unless it is upon the guardian first provides notice. to all of the following, as applicable:
880.251 of the statutes is repealed.
880.252 of the statutes is renumbered 54.62 (8) and amended to read:
54.62 (8) Accounts; failure of a guardian to file. If a guardian fails to file the guardian's account as required by law or ordered by the court, the court may, upon its own motion or upon the petition of any interested party interested, issue an order to the sheriff ordering
, order the guardian to show cause before the court why the guardian should not immediately make and file the guardian's reports or accounts. The court shall direct that a copy of the order be served on the guardian at least 20 days before the date that the court has ordered the guardian to appear in court. If a guardian fails, neglects or refuses to make and file any report or account after having been cited by the court so to do so, or if the guardian fails to appear in court as directed by a citation issued under direction and by authority of the court, the court may, upon on its own motion or upon on the petition of any interested party, issue a warrant directed to the sheriff ordering that the guardian be brought before the court to show cause why the guardian should not be punished for contempt. If the court finds that the failure, refusal, or neglect is willful or inexcusable, the guardian may be fined not to exceed $50 $250 or imprisoned not to exceed 10 days or both.
880.253 of the statutes is renumbered 54.62 (9) and amended to read:
54.62 (9) Formal accounting
Accounting by guardians at any time. The judge court may at any time require an accounting by any guardian at a hearing, after providing notice to all interested persons, including sureties on the bond of a guardian. The sureties on a bond of a guardian may once in every 3-year period petition the court for such a hearing.
880.26 (title) of the statutes is repealed.
880.26 (1) (intro.) of the statutes is renumbered 54.64 (3) (intro.) and amended to read:
54.64 (3) Guardianship
Termination of guardianship of the person. (intro.) A guardianship of the person shall terminate when if any of the following occurs:
880.26 (1) (a) of the statutes is renumbered 54.64 (3) (c) and amended to read:
54.64 (3) (c) A formerly minor ward attains his or her majority, unless the minor is incompetent age 18, unless the guardianship was ordered on the grounds of incompetency.