701.0410 Modification or termination of trust; proceedings for approval or disapproval.
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701.0410 Modification or termination of trust; proceedings for approval or disapproval.
(1)In addition to the methods of termination prescribed by ss. 701.0411 to 701.0414 , a trust terminates to the extent the trust is revoked or expires pursuant to its terms, no purpose of the trust remains to be achieved, or the purposes of the trust have become unlawful or impossible to achieve.
(2)A proceeding to approve or disapprove a proposed modification or termination under ss. 701.0411 to 701.0416 , or a proposed trust combination or division under s. 701.0417 , may be commenced by a trustee or beneficiary, and a proceeding to approve or disapprove a proposed modification or termination under s. 701.0411 may be commenced by the settlor. The settlor of a charitable trust may maintain a proceeding to modify the trust under s. 701.0413 . Except as provided in s. 701.0411
(1m), a trustee does not have standing to oppose a proposed modification or termination commenced under s. 701.0411
(1).