July 1, 2014
The Wisconsin Trust Code became effective July 1, 2014. This new law applies to both testamentary trusts and living trusts. The law is also retroactive, meaning that it applies to trusts created both before and after July 1. The Act is very thorough and covers many different concepts, however an exhaustive treatment of the Act is beyond the scope of this article. The following are some of the noteable changes in Wisconsin’s law.