Wisconsin Statutes 54.964 – General powers of custodial trustee
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 54.964
- Adult: means a person who has attained the age of 18 years, except that for purposes of investigating or prosecuting a person who is alleged to have violated any state or federal criminal law or any civil law or municipal ordinance, "adult" means a person who has attained the age of 17 years. See Wisconsin Statutes 990.01
- Fiduciary: A trustee, executor, or administrator.
- Property: includes real and personal property. See Wisconsin Statutes 990.01
- Trustee: A person or institution holding and administering property in trust.
(1) A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property which an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights and powers in a fiduciary capacity only.
(2) This section does not relieve a custodial trustee from liability for a violation of s. 54.962.