A trust may be created only to the extent its purposes are lawful and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries or for a noncharitable, but otherwise valid, purpose as described in s. 701.0409.
Wis. Stat. § 701.0404
Trust purposes
Known as the Wisconsin Trust Code
The act spans §§ 701.0101 to 701.1205 (108 sections).
2013 a. 92.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.