Wisconsin Common Law Trust — Domestic & Foreign is a trust that is governed by state law and common law principles. Domestic Wisconsin Common Law Trusts are created and managed within the state of Wisconsin, while Foreign Wisconsin Common Law Trusts are created and managed outside the state. These trusts may be used to protect assets, shield them from creditors, and minimize tax liabilities. The trust is typically created by an individual or entity (the settler) who transfers legal title of assets to a trustee. The trustee is then responsible for managing the trust assets and distributing them in accordance with the settler's instructions. Common types of Wisconsin Common Law Trusts — Domestic & Foreign include Revocable Living Trusts, Irrevocable Trusts, Charitable Trusts, Special Needs Trusts, and Testamentary Trusts.
Wisconsin Common Law Trust - Domestic & Foreign
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