Wisconsin Statutes

Wis. Stat. § 701.0603 (2026)

Settlor’s powers; powers of withdrawal

✓ current as of July 2026

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701.0603701.0603 Settlor’s powers; powers of withdrawal.

701.0603(1)(1) While a trust is revocable, the rights of the beneficiaries are subject to the control of, and the duties of the trustee, a directing party, and a trust protector are owed exclusively to, the settlor.

701.0603(2)(2) If a revocable trust has more than one settlor, the duties of the trustee, a directing party, and a trust protector are owed to all of the settlors.

701.0603(3)(3) During the period in which a power of withdrawal may be exercised, the holder of the power has the rights of a settlor of a revocable trust under this section to the extent of the property subject to the power.

701.0603 HistoryHistory: 2013 a. 92.

Notes of Decisions

Cited in 1 case, 2017–2017 · leading case: Gral v. Est. of Margolis (In re Gral), 572 B.R. 709 (Bankr. E.D. Wis. 2017).

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Gral v. Est. of Margolis (In re Gral), 572 B.R. 709 (Bankr. E.D. Wis. 2017). · cites it 2× “See Wis. Stat. § 701.0603 . As discussed earlier, the Trust gives trustee Michael Gral broad authority to transfer trust assets, allowing him unilaterally to sell .”

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