701.0108(4)(a)
(a) The name of the jurisdiction to which the principal place of administration is to be transferred.
701.0108(4)(b)
(b) The mailing address, electronic mail address, if available, and telephone number at the new location at which the trustee can be contacted.
701.0108(4)(c)
(c) An explanation of the reasons for the proposed transfer.
701.0108(4)(d)
(d) The date on which the proposed transfer is anticipated to occur.
701.0108(4)(e)
(e) The date, not less than 30 days after the giving of the notice, by which a qualified beneficiary, trust protector, or directing party must notify the trustee of an objection to the proposed transfer.
701.0108(5)
(5) If a qualified beneficiary, trust protector, or directing party commences a judicial proceeding objecting to the proposed transfer on or before the date specified in the notice, a trustee may not act under
sub. (3) without court approval to transfer a trust's principal place of administration until the judicial proceeding is resolved or withdrawn.
701.0108(6)
(6) In connection with a transfer of a trust's principal place of administration, the trustee may transfer some or all of the trust property to a successor trustee designated in the terms of the trust or appointed pursuant to
s. 701.0704.
701.0108(7)
(7) The law of the trust's principal place of administration governs administrative matters related to the trust.
701.0108 History
History: 2013 a. 92.
701.0109
701.0109
Methods and waiver of notice. 701.0109(1)
(1) Notice to a person under this chapter or the sending of a document to a person under this chapter shall be accomplished in a manner reasonably suitable under the circumstances and likely to result in receipt of the notice or document. Permissible methods of notice or for sending a document include 1st class mail, personal delivery, delivery to the person's last known place of residence or place of business, or a properly directed electronic message.
701.0109(2)
(2) Notice otherwise required under this chapter or a document otherwise required to be sent under this chapter does not need to be provided to a person whose identity or location is unknown to and not reasonably ascertainable by a trustee.
701.0109(3)
(3) Notice under this chapter or the sending of a document under this chapter may be waived by the person to be notified or sent the document.
701.0109 History
History: 2013 a. 92.
701.0110
701.0110
Others treated as qualified beneficiaries. 701.0110(1)(1) A charitable organization that is expressly designated to receive distributions under the terms of a charitable trust and that is not subject to a right of substitution by the settlor or by any other party prior to the charitable organization becoming a distributee or permissible distributee of trust income or principal has the rights of a qualified beneficiary under this chapter if the charitable organization, on the date on which the charitable organization's qualification is being determined, satisfies one of the following:
701.0110(1)(a)
(a) The charitable organization is a distributee or permissible distributee of trust income or principal.
701.0110(1)(b)
(b) The charitable organization would be a distributee or permissible distributee of trust income or principal upon the termination of the interests of other distributees or permissible distributees then receiving or eligible to receive distributions.
701.0110(1)(c)
(c) The charitable organization would be a distributee or permissible distributee of trust income or principal if the trust terminated on that date.
701.0110(2)
(2) A person appointed to enforce a trust created for the care of an animal or another noncharitable purpose as provided in
s. 701.0408 or
701.0409 has the rights of a qualified beneficiary under this chapter.
701.0110(3)
(3) The attorney general of this state has the rights of a qualified beneficiary with respect to a charitable trust having its principal place of administration in this state only when the charitable interest to be represented would qualify under
sub. (1) but no charitable organization has been expressly designated to receive distribution under the terms of a charitable trust.
701.0110 History
History: 2013 a. 92.
701.0111
701.0111
Nonjudicial settlement agreements. 701.0111(1)
(1) In this section, “interested person" means a person whose consent would be required in order to achieve a binding settlement were the settlement to be approved by the court.
701.0111(2)
(2) An interested person may be represented under this section as provided in
subch. III.
701.0111(3)
(3) Except as provided in
sub. (4), an interested person may enter into a binding nonjudicial settlement agreement with respect to any matter involving a trust. A binding nonjudicial settlement agreement is considered part of the trust instrument.
701.0111(4)
(4) A nonjudicial settlement agreement is valid only to the extent it includes terms and conditions that could be properly approved by a court under this chapter or other applicable law.
701.0111(5)
(5) Except as provided in
sub. (4), matters that may be addressed by a nonjudicial settlement agreement include any of the following:
701.0111(5)(a)
(a) The interpretation or construction of the terms of the trust.
701.0111(5)(b)
(b) The approval of a trustee's report or accounting or waiver of the preparation of a trustee's report or accounting.
701.0111(5)(c)
(c) Direction to a trustee to perform or refrain from performing a particular act or the grant to a trustee of any necessary power.
701.0111(5)(f)
(f) The transfer of a trust's principal place of administration.
701.0111(5)(g)
(g) The liability or release from liability of a trustee for an action relating to the trust.
701.0111(5)(h)
(h) The criteria for distribution to a beneficiary where the trustee is given discretion.
701.0111(5)(i)
(i) The resolution of disputes arising out of the administration or distribution of the trust.
701.0111(5)(k)
(k) The appointment of and powers granted to a directing party or a trust protector.
701.0111(5)(L)
(L) Direction to a directing party or to a trust protector to perform or refrain from performing a particular act or the grant of a power to a directing party or trust protector.
701.0111(6)
(6) Any interested person may request a court to approve a nonjudicial settlement agreement, to determine whether the representation as provided in
subch. III was adequate, or to determine whether the agreement contains terms and conditions the court could have properly approved.
701.0111 History
History: 2013 a. 92.
JUDICIAL PROCEEDINGS
701.0201
701.0201
Role of court in administration of trust. 701.0201(1)(1) The court may intervene in the administration of a trust to the extent its jurisdiction is invoked by an interested person or as provided by law.
701.0201(2)
(2) Unless ordered by the court upon a petition of a settlor, trustee, or qualified beneficiary requesting continuing judicial supervision, a trust is not subject to continuing judicial supervision.
701.0201(3)
(3) A judicial proceeding involving a trust or the trust's administration may involve any of the following:
701.0201(3)(a)
(a) Determining the validity of all or any part of a trust.
701.0201(3)(b)
(b) Appointing or removing a trustee, directing party, or trust protector.
701.0201(3)(c)
(c) Appointing a representative or guardian ad litem, as provided in
s. 701.0305, whether or not any other judicial proceeding concerning the trust is pending.
701.0201(3)(d)
(d) Reviewing and approving a fee of a trustee, directing party, or trust protector.
701.0201(3)(g)
(g) Determining the existence or nonexistence of any immunity, power, privilege, duty, or right.
701.0201(3)(j)
(j) Seeking reformation or other equitable relief with respect to a trust.
701.0201(3)(k)
(k) Resolving a question arising in the administration of a trust, including a question of construction of a trust instrument.
701.0201(3)(L)
(L) Determining any other matter involving a trustee, directing party, trust protector, or beneficiary.
701.0201 History
History: 2013 a. 92.
701.0202
701.0202
Personal jurisdiction. 701.0202(1)
(1) A trustee, trust protector, or directing party submits personally to the jurisdiction of the courts of this state regarding any matter involving the trust by accepting an appointment as a trustee, trust protector, or directing party of a trust having its principal place of administration in this state or by continuing to serve as the trustee, trust protector, or directing party of a trust after the principal place of administration of the trust is moved to this state.
701.0202(2)
(2) With respect to a beneficiary's interest in a trust, the beneficiary of a trust having its principal place of administration in this state is subject to the jurisdiction of the courts of this state regarding any matter involving the trust. By accepting a distribution from a trust having its principal place of administration in this state, a recipient submits personally to the jurisdiction of the courts of this state regarding any matter involving the trust.
701.0202(3)
(3) Notwithstanding any contractual provision or other agreement between the trustee and the agent to the contrary, by accepting the delegation of a trust function pursuant to
s. 701.0807 or
881.01 (10), or otherwise, from the trustee of a trust having a principal place of administration in this state, the agent submits personally to the jurisdiction of the courts of this state regarding any matter involving the trust.
701.0202(4)
(4) This section does not preclude other methods of obtaining jurisdiction over a trustee, directing party, trust protector, beneficiary, or other person receiving property from the trust.
701.0202 History
History: 2013 a. 92.
701.0203
701.0203
Subject matter jurisdiction. 701.0203(1)
(1) The circuit court assigned to exercise probate jurisdiction has exclusive jurisdiction of proceedings in this state brought by a trustee, trust protector, directing party, or beneficiary concerning the administration of a trust. Except as otherwise provided in this chapter, and as applicable, the probate procedure described in
ch. 879 applies to a proceeding brought by a trustee, trust protector, directing party, or beneficiary concerning the administration of a trust.
701.0203(2)
(2) This section does not preclude judicial or nonjudicial alternative dispute resolution, including nonjudicial settlement agreements described in
s. 701.0111.
701.0203 History
History: 2013 a. 92.
701.0204(1)(1) Except as provided in
sub. (2), venue for a judicial proceeding involving a trust may be in the county of this state in which the trust's principal place of administration is or will be located or, if the trust is a testamentary trust and the decedent's estate is not yet closed, in the county of this state in which the decedent's estate is being administered.
701.0204(2)
(2) If a trust has no trustee, venue for a judicial proceeding for the appointment of a trustee is in any of the following:
701.0204(2)(a)
(a) A county of this state in which a beneficiary resides.
701.0204(2)(b)
(b) A county of this state in which any trust property is located.
701.0204(2)(c)
(c) A county of this state in which the holder of trust property maintains an office.
701.0204(2)(d)
(d) If the trust is a testamentary trust and the decedent's estate is not yet closed, in the county of this state in which the decedent's estate is being administered.
701.0204(3)
(3) Venue for a judicial proceeding involving a trust is also governed by
ss. 801.50 to
801.62, as applicable, and the proceeding is regarded as a civil action for that purpose.
701.0204 History
History: 2013 a. 92.
701.0205
701.0205
Notice. If notice of a judicial proceeding involving a trust to an interested person, to the person's representative or guardian ad litem, or to other persons, is required by law or deemed necessary by the court, the court shall order such notice to be given as prescribed in
s. 879.05 except that service by publication may not be required unless ordered by the court. The court may order both personal service and service by publication on designated persons. Proof of service shall be made as provided in
s. 879.07. Interested persons, on behalf of themselves, or their representatives or guardians ad litem, on behalf of the representative or guardian ad litem and the interested person the representative or guardian ad litem represents, may in writing waive service of notice and consent to the hearing of any matter without notice. Waiver of notice or an appearance by any interested person or the interested person's representative or guardian ad litem is equivalent to timely service of notice.
701.0205 History
History: 2013 a. 92 s.
194.
701.0206
701.0206
Attorney for person in military service. At the time of filing a petition for a judicial proceeding involving a trust, the petitioner shall file an affidavit setting forth the name of any interested person who is actively engaged in the military service of the United States. Whenever it appears by the affidavit or otherwise that any person in the active military service of the United States is an interested person and is not represented by an attorney, or by an attorney-in-fact who is duly authorized to act on the interested person's behalf in the matter, the court shall appoint an attorney to represent the interested person and protect the person's interest.
701.0206 History
History: 2013 a. 92 s.
195.
REPRESENTATION
701.0301
701.0301
Representation: basic effect. 701.0301(1)
(1) Notice, information, an accounting, or a report given to a person who may represent and bind another person under this subchapter is a substitute for and has the same effect as notice, information, an accounting, or a report given directly to the other person.
