Wisconsin § 701.0416 Modification or termination to achieve settlor’s tax objectives.

Wisconsin Statutes

§ 701.0416 — Modification or termination to achieve settlor’s tax objectives.

Wisconsin § 701.0416

Ch. 701Trusts

Subch.subch. IV of ch. 701 SUBCHAPTER IV

CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUST

This text of Wisconsin § 701.0416 (Modification or termination to achieve settlor’s tax objectives.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 701.0416 (2026).

Text

701.0416  To achieve the settlor’s tax objectives, the court may modify the terms of a trust or terminate a trust in a manner that is not contrary to the settlor’s probable intent. The court may provide that the modification or termination has retroactive effect. A party petitioning the court for action under this section shall give notice of the proceeding to the settlor, if living, the trustee, each trust protector, each directing party, and the qualified beneficiaries.

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701.0416 To achieve the settlor’s tax objectives, the court may modify the terms of a trust or terminate a trust in a manner that is not contrary to the settlor’s probable intent. The court may provide that the modification or termination has retroactive effect. A party petitioning the court for action under this section shall give notice of the proceeding to the settlor, if living, the trustee, each trust protector, each directing party, and the qualified beneficiaries.