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. 701.0113 HistoryHistory: 2023 a. 127. JUDICIAL PROCEEDINGS
701.0201701.0201 Role of court in administration of trust. 701.0201(1)(1) The court may intervene in the administration of a trust to the extent its jurisdiction is invoked by an interested person or as provided by law. 701.0201(2)(2) Unless ordered by the court upon a petition of a settlor, trustee, or qualified beneficiary requesting continuing judicial supervision, a trust is not subject to continuing judicial supervision. 701.0201(3)(3) A judicial proceeding involving a trust or the trust’s administration may involve any of the following: 701.0201(3)(a)(a) Determining the validity of all or any part of a trust. 701.0201(3)(b)(b) Appointing or removing a trustee, directing party, or trust protector. 701.0201(3)(c)(c) Appointing a representative or guardian ad litem, as provided in s. 701.0305, whether or not any other judicial proceeding concerning the trust is pending. 701.0201(3)(d)(d) Reviewing and approving a fee of a trustee, directing party, or trust protector. 701.0201(3)(g)(g) Determining the existence or nonexistence of any immunity, power, privilege, duty, or right. 701.0201(3)(j)(j) Seeking reformation or other equitable relief with respect to a trust. 701.0201(3)(k)(k) Resolving a question arising in the administration of a trust, including a question of construction of a trust instrument. 701.0201(3)(km)(km) Releasing a trustee, directing party, trust protector, or other person acting in a fiduciary capacity from liability for an action relating to the trust. 701.0201(3)(L)(L) Determining any other matter involving a trustee, directing party, trust protector, or beneficiary. 701.0201(4)(4) Except as otherwise provided in this chapter, and as applicable, the probate procedure described in ch. 879 applies to a proceeding brought by a trustee, trust protector, directing party, or beneficiary concerning the administration of a trust. 701.0201 HistoryHistory: 2013 a. 92; 2023 a. 127. 701.0202(1)(1) A trustee, trust protector, or directing party submits personally to the jurisdiction of the courts of this state regarding any matter involving the trust by accepting an appointment as a trustee, trust protector, or directing party of a trust having its principal place of administration in this state or by continuing to serve as the trustee, trust protector, or directing party of a trust after the principal place of administration of the trust is moved to this state. 701.0202(2)(2) With respect to a beneficiary’s interest in a trust, the beneficiary of a trust having its principal place of administration in this state is subject to the jurisdiction of the courts of this state regarding any matter involving the trust. By accepting a distribution from a trust having its principal place of administration in this state, a recipient submits personally to the jurisdiction of the courts of this state regarding any matter involving the trust.