Wisconsin § 701.0105 - Default and mandatory rules.
Full text of Wisconsin Wisconsin Statutes § 701.0105 — Default and mandatory rules., with citation guidance and answers to common questions.
§ 701.0105. Default and mandatory rules.
701.0105(1) (1) Except as otherwise provided in the terms of the trust, this chapter governs the duties and powers of trustees, directing parties, and trust protectors; relations among trustees, directing parties, and trust protectors; and the rights and interests of beneficiaries. 701.0105(2) (2) The terms of a trust prevail over any provision of this chapter except for the following: 701.0105(2)(a) (a) The requirements for creating a trust. 701.0105(2)(b) (b) The duty of a trustee or a directing party to act in good faith and in accordance with the terms and purposes of a trust instrument and the interests of the beneficiaries. 701.0105(2)(c) (c) The requirement that a trust and its terms be for the benefit of its beneficiaries, and that the trust have a purpose that is lawful. 701.0105(2)(d) (d) The power of a court to modify or terminate a trust under ss.
Frequently Asked Questions About Wisconsin § 701.0105
What does Wisconsin Statutes § 701.0105 cover?
Section 701.0105 ("Default and mandatory rules.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 701.0105?
A common citation format is "Wisconsin Statutes § 701.0105" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 701.0105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.