Trusts
Wis. Stat. ch. 701
in effectContents
section701.0101. Short titlesection701.0102. Scopesection701.0103. Definitionssection701.0104. Knowledgesection701.0105. Default and mandatory rulessection701.0106. Common law of trusts; principles of equitysection701.0107. Governing lawsection701.0108. Principal place of administrationsection701.0109. Methods of notice; waiversection701.0110. Others treated as qualified beneficiariessection701.0111. Nonjudicial settlement agreementssection701.0113. Insurable interest of trusteesection701.0201. Role of court in administration of trustsection701.0202. Personal jurisdictionsection701.0203. Subject matter jurisdictionsection701.0204. Venuesection701.0205. Noticesection701.0206. Attorney for person in military servicesection701.0301. Representation: basic effectsection701.0302. Representation by powerholder of certain powers of appointmentsection701.0303. Representation by fiduciaries, parents, or a person appointed by a trusteesection701.0304. Representation by person having substantially identical interestsection701.0305. Appointment of representative by a courtsection701.0306. Designated representativesection701.0307. Role of a representative or guardian ad litemsection701.0308. Liability of representativesection701.0401. Methods of creating a trustsection701.0402. Requirements for creationsection701.0403. Trusts created in other jurisdictionssection701.0404. Trust purposessection701.0405. Charitable purposes; enforcementsection701.0406. Creation of trust induced by fraud, duress, or undue influencesection701.0407. Evidence of oral trustsection701.0408. Trust for care of animalsection701.0409. Noncharitable trust without ascertainable beneficiarysection701.0410. Modification or termination of trust; proceedings for approval or disapprovalsection701.0411. Modification or termination of noncharitable irrevocable trust by consentsection701.0412. Modification or termination because of unanticipated circumstances or inability to administer trust effectivelysection701.0413. Cy pressection701.0414. Modification or termination of uneconomic trustsection701.0415. Reformation to correct mistakessection701.0416. Modification or termination to achieve settlor’s tax objectivessection701.0417. Combination and division of trustssection701.0419. Transfers to trustssection701.0501. Rights of beneficiary’s creditor or assigneesection701.0502. Spendthrift provisionsection701.0503. Exceptions to spendthrift provisionsection701.0504. Discretionary trusts; effect of standardsection701.0505. Creditor’s claim against settlorsection701.0506. Overdue distributionsection701.0507. Personal obligations of trusteesection701.0508. Debts of deceased settlorsection701.0509. Procedures for claims for debts of a deceased settlor; revocable trustssection701.0601. Capacity of settlor of revocable trustsection701.0602. Revocation or amendment of revocable trustsection701.0603. Settlor’s powers; powers of withdrawalsection701.0604. Limitation on action contesting validity of revocable trust; distribution of trust propertysection701.0605. Future interests in trustsection701.0701. Accepting or declining trusteeshipsection701.0702. Trustee’s bondsection701.0703. Cotrusteessection701.0704. Vacancy in trusteeship; appointment of successorsection701.0705. Resignation of trusteesection701.0706. Removal of trusteesection701.0707. Delivery of property by former trusteesection701.0708. Compensation of trusteesection701.0709. Reimbursement of expensessection701.0710. Title of trust propertysection701.0801. Duty to administer trustsection701.0802. Duty of loyaltysection701.0803. Impartialitysection701.0804. Prudent administrationsection701.0805. Costs of administrationsection701.0806. Trustee’s skillssection701.0807. Delegation by trusteesection701.0808. Powers to direct; directing partiessection701.0809. Control and protection of trust propertysection701.0810. Record keeping and identification of trust propertysection701.0811. Enforcement and defense of claimssection701.0812. Collecting trust property; duties of successor trusteessection701.0813. Duty to inform and reportsection701.0814. Discretionary powers; tax savingssection701.0815. General powers of trusteesection701.0816. Specific powers of trusteesection701.0817. Distribution upon terminationsection701.0818. Trust protectorssection701.0819. Marital deduction transferssection701.0901. Application of the Wisconsin Prudent Investor Actsection701.0902. Directed trust propertysection701.0903. Nonapplication of prudent investor rule to life insurance contracts owned by trustssection701.1001. Remedies for breach of trustsection701.1002. Damages for breach of trust; liability of successor trusteesection701.1003. Damages in absence of breachsection701.1004. Attorney fees and costssection701.1005. Limitation of action against trusteesection701.1006. Reliance on trust instrumentsection701.1007. Event affecting administration or distributionsection701.1008. Exculpation of trusteesection701.1009. Beneficiary’s consent, release, or ratificationsection701.1010. Limitation on personal liability of trusteesection701.1011. Interest as general partnersection701.1012. Protection of person dealing with trusteesection701.1013. Certification of trustsection701.1101. Short title and scopesection701.1102. Definitionssection701.1103. Fiduciary duties; general principlessection701.1104. Trustee’s power to adjustsection701.1105. Notice to beneficiaries of proposed actionsection701.1106. Conversion to unitrustsection701.1107. Express unitrustssection701.1108. Power to treat capital gains as part of a distributionsection701.1109. Judicial review of discretionary powersection701.1110. Determination and distribution of net incomesection701.1111. Distribution to residuary and remainder beneficiariessection701.1112. When right to income begins and endssection701.1113. Apportionment of receipts and disbursements when decedent dies or income interest beginssection701.1114. Apportionment when income interest endssection701.1115. Character of receiptssection701.1116. Distribution from trust or estatesection701.1117. Business and other activities conducted by trusteesection701.1118. Principal receiptssection701.1119. Rental propertysection701.1120. Obligation to pay moneysection701.1121. Insurance policies and similar contractssection701.1122. Insubstantial allocations not requiredsection701.1123. Deferred compensation, annuities, and similar paymentssection701.1124. Liquidating assetsection701.1125. Minerals, water, and other natural resourcessection701.1126. Timbersection701.1127. Property not productive of incomesection701.1128. Derivatives and optionssection701.1129. Asset-backed securitiessection701.1130. Disbursements from incomesection701.1131. Disbursements from principalsection701.1132. Transfers from income to principal for depreciationsection701.1133. Transfers from income to reimburse principalsection701.1134. Income taxessection701.1135. Adjustments between principal and income because of taxessection701.1136. Income payments and accumulationssection701.1201. Private foundationssection701.1202. Electronic records and signaturessection701.1203. Uniformity of application and constructionsection701.1204. Applicability of general transfers at death provisionssection701.1205. Applicabilitysection701.1301. Short titlesection701.1302. Definitionssection701.1303. Scopesection701.1304. Fiduciary dutysection701.1305. Application; governing lawsection701.1306. Reasonable reliancesection701.1307. Notice; exercise of decanting powersection701.1309. Court involvementsection701.1310. Formalitiessection701.1311. Decanting power under expanded distributive discretionsection701.1312. Decanting power under limited distributive discretionsection701.1313. Trust for beneficiary with disabilitysection701.1314. Protection of charitable interestsection701.1315. Trust limitation on decantingsection701.1316. Change in compensationsection701.1317. Relief from liability and indemnificationsection701.1318. Removal or replacement of authorized fiduciarysection701.1319. Tax-related limitationssection701.1320. Duration of 2nd trustsection701.1321. Need to distribute not requiredsection701.1322. Saving provisionsection701.1323. Trust for care of animalsection701.1324. Terms of 2nd trustsection701.1325. Settlorsection701.1326. Later-discovered propertysection701.1327. Obligations
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/statutes/statutes/701Fetched: 10/7/2026