701.0111(5)(c)(c) Direction to a trustee to perform or refrain from performing a particular act or the grant to a trustee of any necessary power.

701.0111(5)(d)(d) The resignation or appointment of a trustee or the removal of a trustee and replacement with a suitable successor trustee.

701.0111(5)(f)(f) The transfer of a trust’s principal place of administration.

701.0111(5)(g)(g) The liability or release from liability of a trustee for an action relating to the trust.

701.0111(5)(h)(h) The criteria for distribution to a beneficiary where the trustee is given discretion.

701.0111(5)(i)(i) The resolution of disputes arising out of the administration or distribution of the trust.

701.0111(5)(k)(k) The appointment of and powers granted to a directing party or a trust protector.

701.0111(5)(L)(L) Direction to a directing party or to a trust protector to perform or refrain from performing a particular act or the grant of a power to a directing party or trust protector.

701.0111(6)(6) Any interested person or other person affected may request a court to approve a nonjudicial settlement agreement, to determine whether the representation as provided in subch. III was adequate, or to determine whether the agreement contains terms and conditions the court could have properly approved, ordered, directed, or otherwise determined.

701.0111(7)(7) Notice of any nonjudicial settlement agreement shall be given to the settlor, if living, the trustee, each trust protector, and each directing party at least 30 days before the proposed effective date of the nonjudicial settlement agreement. Notice is considered to be waived by any person who is a party to the agreement.

701.0113(1)(1) In this section:

701.0113(1)(a)(a) “Relative” means a spouse or individual related within the 1st, 2nd, or 3rd degree of kinship under s. 990.001 (16).

701.0113(1)(b)(b) “Settlor” means a person that executes a trust instrument and includes a person for whom a fiduciary or agent is acting.

701.0113(2)(2) A trustee of a trust has an insurable interest in the life of an individual insured under a life insurance policy that is owned by the trustee of the trust acting in a fiduciary capacity or that designates the trust itself as the owner if, on the date the policy is issued, all of the following apply:

701.0113(2)(a)2.2. An individual in whom a settlor of the trust has, or would have had if living at the time the policy was issued, an insurable interest.

701.0113(2)(b)(b) The life insurance proceeds are primarily for the benefit of one or more trust beneficiaries who have any of the following:

701.0113(2)(b)2.2. A substantial interest engendered by love or affection in the continuation of the life of the insured and, if not included under subd. 1., the beneficiary is a relative or stepchild of the insured.