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Living Trust Property Record - Wisconsin 2025

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The document is a record for a revocable trust, detailing the description of property held in the trust, including acquisition date, value, date sold or transferred, and additional notes.

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Click ‘Get Form’ to open the Living Trust Property Record in the editor.
Begin by entering the name of the trust in the designated field at the top of the form. This identifies the specific revocable trust you are documenting.
In the 'Description of Property' section, provide a detailed description of each property held in the trust. Be as specific as possible to ensure clarity.
Fill in the 'Date Acquired by Trust' field with the date when each property was transferred into the trust. This is crucial for record-keeping and legal purposes.
Next, indicate the 'Value' of each property at the time it was acquired. This helps establish an accurate financial overview of your trust assets.
If applicable, enter any relevant information in the 'Date Sold or Transferred' field to track changes in ownership or status of properties.
Finally, use the 'Notes' section for any additional comments or details that may be important for future reference regarding each property.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the downside of a living trust?

For the most part, you are unable to completely avoid paying taxes on living trusts. The trust remains part of the grantors taxable estate, and any income earned by trust assets is taxed to the grantor. Potential for legal disputes.

What assets are exempt from probate in Wisconsin after?

Out of the deceased persons assets, certain assets bypass probate by default, including those with designated beneficiaries or co-owners, such as: Life insurance proceeds. Jointly owned property with rights of survivorship. Retirement accounts with named beneficiaries. Assets held in a trust.

Are trusts public record in Wisconsin?

Creating a living trust in Wisconsin may be useful in your estate plan. Your trust offers privacy not available with a will. The assets, beneficiaries, and terms of the trust are never public record.

Does a trust avoid probate in Wisconsin?

In Wisconsin, unlike wills, trusts avoid the probate process entirely. This results in a faster and more private transfer of assets.

Does a living trust avoid probate in Wisconsin?

avoid probate Property in your revocable living trust doesnt go through probate after your death. (See the State Bar of Wisconsins pamphlet, Probate: Answering Your Legal Questions.) If, however, you die leaving property that never got transferred to the trust, probate usually will be required.

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What type of trust is best to avoid probate?

Having a revocable trust in place can help you avoid probate, which is the process a court takes to finalize your legal and financial matters after your death. Probate can be lengthy and expensive for your loved ones.

How do I put my property in a trust in Wisconsin?

If you are creating a trust in Wisconsin, you will need to sign the final trust document in front of a notary. Once you have the trust document complete and signed in front of a notary, you will place assets into the trust, a process known as funding the trust. Once the trust is funded, it is active.