Wisconsin Statutes 701.0107 – Governing law
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The meaning and effect of the terms of a trust are determined by one of the following:
Terms Used In Wisconsin Statutes 701.0107
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(1) The law of the jurisdiction designated in the trust instrument.
(2) In the absence of a controlling designation in the terms of a trust, the law of the jurisdiction having the most significant relationship to the matter at issue.