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2025 Wisconsin Statutes & Annotations
Chapter 701 - Trusts.
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 of notice; waiver.
- 701.0110 - Others treated as qualified beneficiaries.
- 701.0111 - Nonjudicial settlement agreements.
- 701.0113 - Insurable interest of trustee.
- 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.
- 701.0301 - Representation: basic effect.
- 701.0302 - Representation by powerholder of certain powers 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.
- 701.0306 - Designated representative.
- 701.0307 - Role of a representative or guardian ad litem.
- 701.0308 - Liability of representative.
- 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 or termination to achieve settlor’s tax objectives.
- 701.0417 - Combination and division of trusts.
- 701.0419 - Transfers to 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 deceased settlor.
- 701.0509 - Procedures for claims for debts of a deceased settlor; 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.
- 701.0605 - Future interests in trust.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 701.1134 - Income taxes.
- 701.1135 - Adjustments between principal and income because of taxes.
- 701.1136 - Income payments and accumulations.
- 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.
- 701.1205 - Applicability.
- 701.1301 - Short title.
- 701.1302 - Definitions.
- 701.1303 - Scope.
- 701.1304 - Fiduciary duty.
- 701.1305 - Application; governing law.
- 701.1306 - Reasonable reliance.
- 701.1307 - Notice; exercise of decanting power.
- 701.1309 - Court involvement.
- 701.1310 - Formalities.
- 701.1311 - Decanting power under expanded distributive discretion.
- 701.1312 - Decanting power under limited distributive discretion.
- 701.1313 - Trust for beneficiary with disability.
- 701.1314 - Protection of charitable interest.
- 701.1315 - Trust limitation on decanting.
- 701.1316 - Change in compensation.
- 701.1317 - Relief from liability and indemnification.
- 701.1318 - Removal or replacement of authorized fiduciary.
- 701.1319 - Tax-related limitations.
- 701.1320 - Duration of 2nd trust.
- 701.1321 - Need to distribute not required.
- 701.1322 - Saving provision.
- 701.1323 - Trust for care of animal.
- 701.1324 - Terms of 2nd trust.
- 701.1325 - Settlor.
- 701.1326 - Later-discovered property.
- 701.1327 - Obligations.
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