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Wisconsin Statutes Property (Ch. 700 to 710) § 701.0706. Removal of trustee

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) The settlor, a cotrustee, or a qualified beneficiary may request the court to remove a trustee, or a trustee may be removed by the court on its own initiative.

(2) The court may remove a trustee if any of the following applies:

(a) The trustee has committed a material breach of trust.

(b) A lack of cooperation among cotrustees substantially impairs the administration of the trust.

(c) Removal of the trustee is appropriate because of unfitness, unwillingness, or persistent failure of the trustee to administer the trust effectively.

(d) There has been a substantial change of circumstances or removal is requested by all of the qualified beneficiaries, the removal is not inconsistent with a material purpose of the trust, and a suitable cotrustee or successor trustee is available.

(3) Pending a final decision on a request to remove a trustee, or in lieu of or in addition to removing a trustee, the court may order such appropriate relief under s. 701.1001(2) as may be necessary to protect the trust property or the interests of the beneficiaries.

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Cite this article: FindLaw.com - Wisconsin Statutes Property (Ch. 700 to 710) § 701.0706. Removal of trustee - last updated January 01, 2025 | https://codes.findlaw.com/wi/property-ch-700-to-710/wi-st-701-0706/

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