Settlor’s powers; powers of withdrawal

Wis. Stat. § 701.0603
in effect
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(1) While a trust is revocable, the rights of the beneficiaries are subject to the control of, and the duties of the trustee, a directing party, and a trust protector are owed exclusively to, the settlor. (2) If a revocable trust has more than one settlor, the duties of the trustee, a directing party, and a trust protector are owed to all of the settlors. (3) During the period in which a power of withdrawal may be exercised, the holder of the power has the rights of a settlor of a revocable trust under this section to the extent of the property subject to the power.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/701.0603Fetched: 10/7/2026
Wis. Stat. § 701.0603 — Settlor’s powers; powers of withdrawal | Wisconsin Statutes (updated through 2025 Wis. Act 247) | Corpus