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(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.
(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.
(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.
Cite this article: FindLaw.com - Wisconsin Statutes Property (Ch. 700 to 710) § 701.0603. Settlor's powers; powers of withdrawal - last updated January 01, 2018 | https://codes.findlaw.com/wi/property-ch-700-to-710/wi-st-701-0603/
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