A trustee or other person that reasonably relies on the validity of a distribution of part or all of the property of a trust to another trust, or a modification of a trust, under this subchapter, law of this state other than this subchapter, or the law of another jurisdiction is not liable to any person for any action or failure to act as a result of the reliance.
Wis. Stat. § 701.1306
Reasonable reliance
Known as the Uniform Trust Decanting Act
The act spans §§ 701.1301 to 701.1327 (26 sections).
2023 a. 127.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.