Wisconsin § 701.0506 Overdue distribution.

Wisconsin Statutes

§ 701.0506 — Overdue distribution.

Wisconsin § 701.0506

Ch. 701Trusts

Subch.subch. V of ch. 701 SUBCHAPTER V

CREDITOR’S CLAIMS; SPENDTHRIFT AND DISCRETIONARY TRUSTS

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Bluebook

Wis. Stat. § 701.0506 (2026).

Text

0506
0506(1) (1) In this section, “mandatory distribution” means a distribution of income or principal that the trustee is required to make to a beneficiary under the terms of the trust, including a distribution upon termination of the trust. “Mandatory distribution” does not include a distribution subject to the exercise of the trustee’s discretion even if any of the following applies:
0506(1)(a) (a) The discretion is expressed in the form of a standard of distribution.
0506(1)(b) (b) The terms of the trust authorizing a distribution couple language of discretion with language of direction.
0506(2) (2) Whether or not a trust contains a spendthrift provision, a creditor or assignee of a beneficiary may reach a mandatory distribution of income or principal, including a d

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701.0506
701.0506(1) (1) In this section, “mandatory distribution” means a distribution of income or principal that the trustee is required to make to a beneficiary under the terms of the trust, including a distribution upon termination of the trust. “Mandatory distribution” does not include a distribution subject to the exercise of the trustee’s discretion even if any of the following applies:
701.0506(1)(a) (a) The discretion is expressed in the form of a standard of distribution.
701.0506(1)(b) (b) The terms of the trust authorizing a distribution couple language of discretion with language of direction.
701.0506(2) (2) Whether or not a trust contains a spendthrift provision, a creditor or assignee of a beneficiary may reach a mandatory distribution of income or principal, including a distribution upon termination of the trust, if the trustee has not made the distribution to the beneficiary within a reasonable time after the designated distribution date.