Wis. Stat. § 54.864
This is the official text of Wis. Stat. § 54.864, part of Wisconsin’s Wisconsin Statutes — the complete compiled statutory law of Wisconsin, organized into numbered chapters by subject.
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Other transfer by fiduciary.
Official statutory text
(1) Subject to sub. (3) , a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor under s. 54.870 in the absence of a will or under a will or trust that does not contain an authorization to do so.
(2) Subject to sub. (3) , a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor under s. 54.870 .
(3) A transfer under sub. (1) or (2) may be made only if:
(a) The personal representative, trustee or conservator considers the transfer to be in the best interest of the minor;
(b) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement or other governing instrument; and
(c) The transfer is authorized by the court if it exceeds $10,000 in value.
History: 1987 a. 191 ; 2005 a. 387 s. 532 ; Stats. 2005 s. 54.864.
(2) Subject to sub. (3) , a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor under s. 54.870 .
(3) A transfer under sub. (1) or (2) may be made only if:
(a) The personal representative, trustee or conservator considers the transfer to be in the best interest of the minor;
(b) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement or other governing instrument; and
(c) The transfer is authorized by the court if it exceeds $10,000 in value.
History: 1987 a. 191 ; 2005 a. 387 s. 532 ; Stats. 2005 s. 54.864.
Status: in_force · Read it on the official government site
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