Transfer to custodial trustee by fiduciary or obligor; facility of payment

Wis. Stat. § 54.958
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(1) Unless otherwise directed by an instrument designating a custodial trustee pursuant to s. 54.954, a person, including a fiduciary other than a custodial trustee, who holds property of or owes a debt to an incapacitated individual not having a conservator or guardian of the estate may make a transfer to an adult member of the beneficiary’s family or to a trust company as custodial trustee for the use and benefit of the incapacitated individual. If the value of the property or the debt exceeds $10,000, the transfer is not effective unless authorized by the court. (2) A written acknowledgment of delivery, signed by a custodial trustee, is a sufficient receipt and discharge for property transferred to the custodial trustee pursuant to this section.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/54.958Fetched: 10/7/2026
Wis. Stat. § 54.958 — Transfer to custodial trustee by fiduciary or obligor; facility of payment | Wisconsin Statutes (updated through 2025 Wis. Act 247) | Corpus