{"data":{"id":"us-wi/wis.-stat.-701.0102","jurisdiction":"us-wi","citation":"Wis. Stat. § 701.0102","heading":"Scope.","body":"This chapter applies to express, charitable or noncharitable, and testamentary or living trusts, and any trust created pursuant to a statute, judgment, or decree that requires the trust to be administered in the manner of an express trust. This chapter does not apply to any of the following:\n(1) A constructive or resulting trust.\n(2) A guardianship.\n(3) A conservatorship.\n(4) A custodial arrangement made pursuant to the Uniform Transfers to Minors Act under ss. 54.854 to 54.898 or the Uniform Custodial Trust Act under ss. 54.950 to 54.988.\n(5) A common trust or a collective investment fund.\n(6) A trust created by a depository agreement with a financial institution.\n(7) A trust made in connection with a business transaction, including a trust created under a bond indenture or collateral trust agreement or in connection with a structured finance transaction, a common law trust under s. 226.14, or a business trust.\n(8) A voting trust.\n(9) A fund maintained pursuant to court order in conjunction with a bankruptcy proceeding, business liquidation, or class action lawsuit.\n(10) A trust that is part of an employee benefit arrangement or an individual retirement account.\n(11) A trust established under a qualified tuition savings program or education savings account.\n(12) A trust account maintained on behalf of a client or customer by a licensed service professional, including a trust account maintained by an attorney or by a real estate broker.\n(12m) An account that is part of a qualified ABLE program under section 529A (b) of the Internal Revenue Code.\n(13) Any other arrangement under which a person is a nominee or escrowee for another.","path":["Chs. 700-711, Property","Chapter 701 Trusts","SUBCHAPTER I GENERAL PROVISIONS AND DEFINITIONS"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/701.0102","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:33Z","sha256":"720f556edb936e9aa40f8c34b62a221f003b4a6162d36b3db54beb8cd3071ba3","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-701.0101","next":"us-wi/wis.-stat.-701.0103"},"notice":"GroundRules: Original legal text. Not legal advice."}