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• Nonprobate Assets As provided in sec. 705.10, Wis. Stats., in general, these are assets under a written instrument
with a provision for a nonprobate transfer on death. Examples include an insurance policy, contract of employment,
bond, mortgage, promissory note, certificated or uncertificated security, account agreement, custodial agreement,
deposit agreement, compensation plan, pension plan, individual retirement plan, employee benefit plan, trust convey-
ance, online tool, as defined in sec. 711.03(18), Wis. Stats., deed of gift, marital property agreement, or other written
instrument of a similar nature is non-testamentary.
10k. Transfers During Decedent’s Life (gifts, etc.) Example: If a decedent transfers their home to their own trust
or transfers their home to an heir while retaining a life estate interest, report the value of the home at the time of
transfer.
10L. Other Assets Examples may include an individual retirement account (IRA) or annuity transferred on death.
Part II - Information Required When Requesting a Closing Certificate for Trusts
A Closing Certificate for Fiduciaries is issued to a trust only when the trust is under the supervision of a Wisconsin Pro-
bate Court and the court requires the department to verify that a trust under their jurisdiction has filed all tax returns and
paid all taxes before releasing the trustee and allowing the trust to close. The Closing Certificate for Fiduciaries is the
document that is used by the department to inform the court that all tax returns have been filed and all taxes paid.
The Closing Certificate may be issued in the year prior to the final year of the trust to expedite the closing of the trust.
This does not relieve the trust of the requirement to file a final return.
Caution Provide the Wisconsin probate case number to prevent delays in processing your request for a Closing
Certificate.
Complete Part II of Schedule CC and sign at the bottom of page 2. Include copies of the trust instrument and any amend-
ments and a statement as to why the trust is closing. Note: For each tax year a fiduciary income tax return was not filed
with Wisconsin in the last four years, provide copies of informal or formal annual accountings or annual schedules show-
ing the trust’s income and expenses.
Additional Information and Assistance
Requesting Schedule CC and Closing Certificate Information If the closing certificate has not been issued, the de-
partment may only disclose information to the following individuals:
• Third party designee listed on the Schedule CC
• Personal representative
• Special administrator
• Power of attorney
• Trustee (if a trust)
Prior to issuing the closing certificate, the department will not disclose to anyone else, including, but not limited to:
• Attorney of record
• Schedule CC preparer
• Paralegal, administrative assistant or any other employee for the attorney or preparer
• Beneficiaries
• Family or friends of the decedent
• Register in probate
Third Party Designee If you want to allow a tax preparer or tax preparation firm, family member, friend, or any other
person you choose to discuss your 2023 Wisconsin Schedule CC with the department, check “Yes” in the “Third Party
Designee” area of Schedule CC. Also, fill in the designee’s name, phone number, and any five digits the designee
chooses as their personal identification number (PIN).
If you check “Yes,” you are authorizing the department to discuss with the designee any questions that may arise during
the processing of your request for a Closing Certificate. You are also authorizing the designee to:
• Give the department any information missing from Schedule CC,
• Call the department for information about the processing of Schedule CC, and
• Respond to certain department notices about issues and errors in filing Schedule CC.
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