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Terms Used In Wisconsin Statutes 701.0204

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Decedent: A deceased person.
  • Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
  • Property: includes real and personal property. See Wisconsin Statutes 990.01
  • State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
  • Trustee: A person or institution holding and administering property in trust.
  • Venue: The geographical location in which a case is tried.
   (1)    Except as provided in sub. (2), venue for a judicial proceeding involving a trust may be in the county of this state in which the trust’s principal place of administration is or will be located or, if the trust is a testamentary trust and the decedent‘s estate is not yet closed, in the county of this state in which the decedent’s estate is being administered.
   (2)   If a trust has no trustee, venue for a judicial proceeding for the appointment of a trustee is in any of the following:
      (a)    A county of this state in which a beneficiary resides.
      (b)    A county of this state in which any trust property is located.
      (c)    A county of this state in which the holder of trust property maintains an office.
      (d)    If the trust is a testamentary trust and the decedent’s estate is not yet closed, in the county of this state in which the decedent’s estate is being administered.
   (3)   Venue for a judicial proceeding involving a trust is also governed by ss. 801.50 to 801.62, as applicable, and the proceeding is regarded as a civil action for that purpose.