How does a trustee decide how and when to make distributions from a trust to a beneficiary? When making distributions, the Wisconsin Trust Code says the trustee must act (1) in good faith; (2) in accordance with the terms and purposes of the trust instrument; (3) in the interests of the beneficiaries; and (4) if there are multiple beneficiaries, impartially considering the beneficiaries’ respective interests.
The most important first step for the trustee is to read the trust instrument. This…
