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.
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.
701.1102   Definitions.
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.
701.1126   Timber.
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2021-22 Wisconsin Statutes updated through 2023 Wis. Act 125 and through all Supreme Court and Controlled Substances Board Orders filed before and in effect on April 18, 2024. Published and certified under s. 35.18. Changes effective after April 18, 2024, are designated by NOTES. (Published 4-18-24)