Wisconsin Statutes 856.29 – Letters issued to trustee of testamentary trust
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 856.29
- Decedent: A deceased person.
- Personal representative: means a person, however denominated, who is authorized to administer a decedent's estate. See Wisconsin Statutes 990.01
- Probate: Proving a will
- Trustee: A person or institution holding and administering property in trust.
If the will of the decedent provides for a testamentary trust, letters of trust shall be issued to the trustee upon admission of the will to probate at the same time that letters are granted to the personal representative, unless the court otherwise directs. Upon issuance of letters of trust, the trustee shall continue to be interested in the estate, and beneficiaries in the testamentary trust shall cease to be interested in the estate except under s. 851.21 (3). This section shall apply to wills admitted to informal probate and letters issued in informal administrations.