CHAPTER 701
TRUSTS
SUBCHAPTER I
GENERAL PROVISIONS AND DEFINITIONS
701.0101   Short title.
701.0102   Scope.
701.0103   Definitions.
701.0104   Knowledge.
701.0105   Default and mandatory rules.
701.0106   Common law of trusts; principles of equity.
701.0107   Governing law.
701.0108   Principal place of administration.
701.0109   Methods and waiver of notice.
701.0110   Others treated as qualified beneficiaries.
701.0111   Nonjudicial settlement agreements.
SUBCHAPTER II
JUDICIAL PROCEEDINGS
701.0201   Role of court in administration of trust.
701.0202   Personal jurisdiction.
701.0203   Subject matter jurisdiction.
701.0204   Venue.
701.0205   Notice.
701.0206   Attorney for person in military service.
SUBCHAPTER III
REPRESENTATION
701.0301   Representation: basic effect.
701.0302   Representation by holder of general power of appointment.
701.0303   Representation by fiduciaries, parents, or a person appointed by a trustee.
701.0304   Representation by person having substantially identical interest.
701.0305   Appointment of representative by a court.
SUBCHAPTER IV
CREATION, VALIDITY, MODIFICATION,
AND TERMINATION OF TRUST
701.0401   Methods of creating a trust.
701.0402   Requirements for creation.
701.0403   Trusts created in other jurisdictions.
701.0404   Trust purposes.
701.0405   Charitable purposes; enforcement.
701.0406   Creation of trust induced by fraud, duress, or undue influence.
701.0407   Evidence of oral trust.
701.0408   Trust for care of animal.
701.0409   Noncharitable trust without ascertainable beneficiary.
701.0410   Modification or termination of trust; proceedings for approval or disapproval.
701.0411   Modification or termination of noncharitable irrevocable trust by consent.
701.0412   Modification or termination because of unanticipated circumstances or inability to administer trust effectively.
701.0413   Cy pres.
701.0414   Modification or termination of uneconomic trust.
701.0415   Reformation to correct mistakes.
701.0416   Modification to achieve settlor's tax objectives.
701.0417   Combination and division of trusts.
701.0418   Trustee's power to appoint assets to new trust.
701.0419   Transfers to trusts.
SUBCHAPTER V
CREDITOR'S CLAIMS; SPENDTHRIFT
AND DISCRETIONARY TRUSTS
701.0501   Rights of beneficiary's creditor or assignee.
701.0502   Spendthrift provision.
701.0503   Exceptions to spendthrift provision.
701.0504   Discretionary trusts; effect of standard.
701.0505   Creditor's claim against settlor.
701.0506   Overdue distribution.
701.0507   Personal obligations of trustee.
701.0508   Debts of decedents.
SUBCHAPTER VI
REVOCABLE TRUSTS
701.0601   Capacity of settlor of revocable trust.
701.0602   Revocation or amendment of revocable trust.
701.0603   Settlor's powers; powers of withdrawal.
701.0604   Limitation on action contesting validity of revocable trust; distribution of trust property.
SUBCHAPTER VII
OFFICE OF TRUSTEE
701.0701   Accepting or declining trusteeship.
701.0702   Trustee's bond.
701.0703   Cotrustees.
701.0704   Vacancy in trusteeship; appointment of successor.
701.0705   Resignation of trustee.
701.0706   Removal of trustee.
701.0707   Delivery of property by former trustee.
701.0708   Compensation of trustee.
701.0709   Reimbursement of expenses.
701.0710   Title of trust property.
SUBCHAPTER VIII
DUTIES AND POWERS OF TRUSTEES,
DIRECTING PARTIES, AND TRUST PROTECTORS
701.0801   Duty to administer trust.
701.0802   Duty of loyalty.
701.0803   Impartiality.
701.0804   Prudent administration.
701.0805   Costs of administration.
701.0806   Trustee's skills.
701.0807   Delegation by trustee.
701.0808   Powers to direct; directing parties.
Loading...
Loading...
2017-18 Wisconsin Statutes updated through 2019 Wis. Act 186 and through all Supreme Court and Controlled Substances Board Orders filed before and in effect on December 1, 2020. Published and certified under s. 35.18. Changes effective after December 1, 2020, are designated by NOTES. (Published 12-1-20)