Wisconsin Statutes 701.0812 – Collecting trust property; duties of successor trustees
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Terms Used In Wisconsin Statutes 701.0812
- Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
- Property: includes real and personal property. See Wisconsin Statutes 990.01
- Trustee: A person or institution holding and administering property in trust.
(1) A trustee shall take reasonable steps to compel a former trustee or other person to deliver trust property to the trustee, and to redress a breach of trust known to the trustee to have been committed by a trustee or former trustee, or a trust protector or former trust protector.
(2) A successor trustee does not have a duty to examine the accounts of a former trustee.