Wyoming Statutes
Title 4 - Trusts

Section 4-10-108 - Principal Place of Administration; Governing Law for Administering Trusts. - 4-10-108. Principal place of administration; governing law for administering trusts....

Section 4-10-109 - Methods and Waiver of Notice. - 4-10-109. Methods and waiver of notice. (a) Notice to a...

Section 4-10-110 - Others Treated as Qualified Beneficiaries. - 4-10-110. Others treated as qualified beneficiaries. (a) Whenever notice to...

Section 4-10-111 - Nonjudicial Settlement Agreements. - 4-10-111. Nonjudicial settlement agreements. (a) For purposes of this section,...

Section 4-10-112 - Insurable Interest of Trustee. - 4-10-112. Insurable interest of trustee. (a) A trustee of a...

Article 2 - Judicial Proceedings

Section 4-10-201 - Role of Court in Administration of Trust. - 4-10-201. Role of court in administration of trust. (a) The...

Section 4-10-202 - Jurisdiction Over Fiduciary and Beneficiary. - 4-10-202. Jurisdiction over fiduciary and beneficiary. (a) By becoming a...

Section 4-10-203 - Subject Matter Jurisdiction. - 4-10-203. Subject matter jurisdiction. (a) The district court and the...

Section 4-10-204 - Venue. - 4-10-204. Venue. (a) Except as otherwise provided in subsections (b)...

Section 4-10-205 - Sealing and Availability of Documents. - 4-10-205. Sealing and availability of documents. The privacy of those...

Article 3 - Representation

Section 4-10-301 - Representation; Basic Effect. - 4-10-301. Representation; basic effect. (a) Notice to a person who...

Section 4-10-302 - Representation by Holder of General Testamentary Power of Appointment. - 4-10-302. Representation by holder of general testamentary power of appointment....

Section 4-10-303 - Representation by Fiduciaries and Parents. - 4-10-303. Representation by fiduciaries and parents. (a) To the extent...

Section 4-10-304 - Representation by Person Having Substantially Identical Interest. - 4-10-304. Representation by person having substantially identical interest. Unless otherwise...

Section 4-10-305 - Appointment of Representative. - 4-10-305. Appointment of representative. (a) If the court determines that...

Article 4 - Creation, Validity, Modification and Termination of Trust

Section 4-10-401 - Methods of Creating Trust. - 4-10-401. Methods of creating trust. (a) A trust may be...

Section 4-10-402 - Title of Trust Property. - 4-10-402. Title of trust property. (a) Property transferred to a...

Section 4-10-403 - Requirements for Creation. - 4-10-403. Requirements for creation. (a) A trust is created only...

Section 4-10-404 - Trusts Created in Other Jurisdictions. - 4-10-404. Trusts created in other jurisdictions. (a) A trust not...

Section 4-10-405 - Trust Purposes. - 4-10-405. Trust purposes. A trust may be created only to...

Section 4-10-406 - Charitable Purposes; Enforcement. - 4-10-406. Charitable purposes; enforcement. (a) A charitable trust may be...

Section 4-10-407 - Creation of Trust Induced by Fraud, Duress or Undue Influence. - 4-10-407. Creation of trust induced by fraud, duress or undue...

Section 4-10-408 - Evidence of Oral Trust. - 4-10-408. Evidence of oral trust. Except as required by a...

Section 4-10-409 - Trust for Care of Animal. - 4-10-409. Trust for care of animal. (a) A trust may...

Section 4-10-410 - Noncharitable Trust Without Ascertainable Beneficiary. - 4-10-410. Noncharitable trust without ascertainable beneficiary. (a) Except as otherwise...

Section 4-10-411 - Modification or Termination of Trust; Proceedings for Approval or Disapproval. - 4-10-411. Modification or termination of trust; proceedings for approval or...

Section 4-10-412 - Modification or Termination of Noncharitable Irrevocable Trust by Consent. - 4-10-412. Modification or termination of noncharitable irrevocable trust by consent....

Section 4-10-413 - Modification or Termination Because of Unanticipated Circumstances or Inability to Administer Trust Effectively. - 4-10-413. Modification or termination because of unanticipated circumstances or inability...

Section 4-10-414 - Cy Pres. - 4-10-414. Cy pres. (a) Except as otherwise provided in the...

Section 4-10-415 - Modification or Termination of Uneconomic Trust. - 4-10-415. Modification or termination of uneconomic trust. (a) If the...

Section 4-10-416 - Reformation to Correct Mistakes. - 4-10-416. Reformation to correct mistakes. The court may reform the...

Section 4-10-417 - Modification to Achieve Settlor's Tax Objectives. - 4-10-417. Modification to achieve settlor's tax objectives. To achieve the...

Section 4-10-418 - Combination and Division of Trusts. - 4-10-418. Combination and division of trusts. After notice to the...

Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts

Section 4-10-501 - Rights of Beneficiary's Creditor or Assignee. - 4-10-501. Rights of beneficiary's creditor or assignee. To the extent...

Section 4-10-502 - Spendthrift Provision. - 4-10-502. Spendthrift provision. (a) Repealed By Laws 2007, Ch. 155,...

Section 4-10-503 - Exceptions to Spendthrift Provision. - 4-10-503. Exceptions to spendthrift provision. (a) As used in this...

Section 4-10-504 - Discretionary Trusts; Effect of Standard. - 4-10-504. Discretionary trusts; effect of standard. (a) Repealed By Laws...

Section 4-10-505 - Standards of Distribution. - 4-10-505. Standards of distribution. (a) Regardless of whether a beneficiary's...

Section 4-10-505.1 - Power of Appointment or Withdrawal; Claims of Power Holder's Creditors. - 4-10-505.1. Power of appointment or withdrawal; claims of power holder's...

Section 4-10-506 - Creditor's Claim Against Settlor. - 4-10-506. Creditor's claim against settlor. (a) Whether or not the...

Section 4-10-507 - Limitation on Action by Creditors. - 4-10-507. Limitation on action by creditors. (a) Subject to the...

Section 4-10-507.1 - Enforcement of Foreign Judgments; Liability for Compliance. - 4-10-507.1. Enforcement of foreign judgments; liability for compliance. (a) Notwithstanding...

Section 4-10-508 - Overdue Mandatory Distribution. - 4-10-508. Overdue mandatory distribution. (a) In this section, "mandatory distribution"...

Section 4-10-509 - Personal Obligations of Trustee. - 4-10-509. Personal obligations of trustee. Trust property is not subject...

Section 4-10-510 - Creation of Qualified Spendthrift Trust. - 4-10-510. Creation of qualified spendthrift trust. (a) A settlor may...

Section 4-10-511 - Qualified Trust Property. - 4-10-511. Qualified trust property. (a) Qualified trust property includes real...

Section 4-10-512 - Qualified Transfers; Exception. - 4-10-512. Qualified transfers; exception. (a) Except as otherwise provided in...

Section 4-10-513 - Other Qualified Transfers. - 4-10-513. Other qualified transfers. (a) In the case of a...

Section 4-10-514 - Action Brought Pursuant to Provisions of Uniform Fraudulent Transfer Act. - 4-10-514. Action brought pursuant to provisions of Uniform Fraudulent Transfer...

Section 4-10-515 - Transfer by a Trustee; Time of Transfer. - 4-10-515. Transfer by a trustee; time of transfer. (a) A...

Section 4-10-516 - Election to Become a Qualified Spendthrift Trust by Existing Trust. - 4-10-516. Election to become a qualified spendthrift trust by existing...

Section 4-10-517 - Rights of Creditors or Others With Respect to Qualified Spendthrift Trust. - 4-10-517. Rights of creditors or others with respect to qualified...

Section 4-10-518 - Actions Prohibited if Action by Creditor Would Be Barred. - 4-10-518. Actions prohibited if action by creditor would be barred....

Section 4-10-519 - Multiple Qualified Transfers in Same Trust Instrument. - 4-10-519. Multiple qualified transfers in same trust instrument. (a) If...

Section 4-10-520 - Limitations on Qualified Trust Property. - 4-10-520. Limitations on qualified trust property. (a) The provisions of...

Section 4-10-521 - Avoidance of Qualified Transfer. - 4-10-521. Avoidance of qualified transfer. (a) A qualified transfer to...

Section 4-10-522 - Limitation or Termination of Authority of Trustee Upon Court Decision Not to Apply Wyoming Law. - 4-10-522. Limitation or termination of authority of trustee upon court...

Section 4-10-523 - Qualified Transfer Affidavit. - 4-10-523. Qualified transfer affidavit. (a) A qualified transfer affidavit shall...

Article 6 - Revocable Trusts

Section 4-10-601 - Capacity of Settlor of Revocable Trust. - 4-10-601. Capacity of settlor of revocable trust. The capacity required...

Section 4-10-602 - Revocation or Amendment of Revocable Trust. - 4-10-602. Revocation or amendment of revocable trust. (a) Unless the...

Section 4-10-603 - Settlor's Powers; Powers of Withdrawal. - 4-10-603. Settlor's powers; powers of withdrawal. (a) While a trust...

Section 4-10-604 - Limitation on Action Contesting Validity of Revocable Trust; Distribution of Trust Property. - 4-10-604. Limitation on action contesting validity of revocable trust; distribution...

Article 7 - Trustees, Trust Advisors and Trust Protectors

Section 4-10-701 - Accepting or Declining Trusteeship. - 4-10-701. Accepting or declining trusteeship. (a) Except as otherwise provided...

Section 4-10-702 - Trustee's Bond. - 4-10-702. Trustee's bond. (a) A trustee shall give bond to...

Section 4-10-703 - Cotrustees. - 4-10-703. Cotrustees. (a) Cotrustees who are unable to reach a...

Section 4-10-704 - Vacancy in Trusteeship; Appointment of Successor. - 4-10-704. Vacancy in trusteeship; appointment of successor. (a) A vacancy...

Section 4-10-705 - Resignation of Trustee. - 4-10-705. Resignation of trustee. (a) For a revocable living trust,...

Section 4-10-706 - Removal of Trustee. - 4-10-706. Removal of trustee. (a) The settlor, a cotrustee or...

Section 4-10-707 - Delivery of Property by Former Trustee. - 4-10-707. Delivery of property by former trustee. (a) Unless a...

Section 4-10-708 - Compensation of Trustee. - 4-10-708. Compensation of trustee. (a) If the terms of a...

Section 4-10-709 - Reimbursement of Expenses. - 4-10-709. Reimbursement of expenses. (a) A trustee is entitled to...

Section 4-10-710 - Trust Protector. - 4-10-710. Trust protector. (a) The powers and discretions of a...

Section 4-10-711 - Trust Protector as a Fiduciary. - 4-10-711. Trust protector as a fiduciary. Trust protectors are fiduciaries...

Section 4-10-712 - Trust Advisor. - 4-10-712. Trust advisor. (a) The powers and discretions of a...

Section 4-10-713 - Trust Advisor as a Fiduciary. - 4-10-713. Trust advisor as a fiduciary. Trust advisors are fiduciaries...

Section 4-10-714 - Trust Advisor and Trust Protector Subject to District Court Jurisdiction. - 4-10-714. Trust advisor and trust protector subject to district court...

Section 4-10-715 - No Duty to Review Actions of Trust Advisor or Trust Protector. - 4-10-715. No duty to review actions of trust advisor or...

Section 4-10-716 - Power of Trust Advisor and Trust Protector to Act After Death or Incapacity of Grantor. - 4-10-716. Power of trust advisor and trust protector to act...

Section 4-10-717 - Fiduciary's Liability for Action or Inaction of Trust Advisor and Trust Protector. - 4-10-717. Fiduciary's liability for action or inaction of trust advisor...

Section 4-10-718 - Directed Trusts. - 4-10-718. Directed trusts. (a) If a trust instrument provides that...

Article 8 - Duties and Powers of Trustee

Section 4-10-801 - Duty to Administer Trust. - 4-10-801. Duty to administer trust. Upon acceptance of a trusteeship,...

Section 4-10-802 - Duty of Loyalty. - 4-10-802. Duty of loyalty. (a) A trustee shall administer the...

Section 4-10-803 - Impartiality. - 4-10-803. Impartiality. If a trust has two (2) or more...

Section 4-10-804 - Prudent Administration. - 4-10-804. Prudent administration. A trustee shall administer the trust as...

Section 4-10-805 - Costs of Administration. - 4-10-805. Costs of administration. In administering a trust, the trustee...

Section 4-10-806 - Trustee's Skills. - 4-10-806. Trustee's skills. A trustee who has special skills or...

Section 4-10-807 - Delegation by Trustee. - 4-10-807. Delegation by trustee. (a) A trustee may delegate duties...

Section 4-10-808 - Powers to Direct. - 4-10-808. Powers to direct. (a) While a trust is revocable,...

Section 4-10-809 - Control and Protection of Trust Property. - 4-10-809. Control and protection of trust property. A trustee shall...

Section 4-10-810 - Record Keeping and Identification of Trust Property. - 4-10-810. Record keeping and identification of trust property. (a) A...

Section 4-10-811 - Enforcement and Defense of Claims. - 4-10-811. Enforcement and defense of claims. A trustee shall take...

Section 4-10-812 - Collecting Trust Property. - 4-10-812. Collecting trust property. A trustee shall take reasonable steps...

Section 4-10-813 - Duty to Inform and Report. - 4-10-813. Duty to inform and report. (a) A trustee shall...

Section 4-10-814 - Discretionary Powers; Tax Savings; Distribution Limitations. - 4-10-814. Discretionary powers; tax savings; distribution limitations. (a) Repealed By...

Section 4-10-815 - General Powers of Trustee. - 4-10-815. General powers of trustee. (a) A trustee, without authorization...

Section 4-10-816 - Specific Powers of Trustee. - 4-10-816. Specific powers of trustee. (a) Without limiting the authority...

Section 4-10-817 - Distribution Upon Termination. - 4-10-817. Distribution upon termination. (a) Upon termination or partial termination...

Article 9 - Uniform Prudent Investor Act

Section 4-10-901 - Prudent Investor Rule; Definitions. - 4-10-901. Prudent investor rule; definitions. (a) Except as otherwise provided...

Section 4-10-902 - Standard of Care; Portfolio Strategy; Risk and Return Objectives. - 4-10-902. Standard of care; portfolio strategy; risk and return objectives....

Section 4-10-903 - Diversification. - 4-10-903. Diversification. A trustee shall diversify the investments of the...

Section 4-10-904 - Duties at Inception of Trusteeship. - 4-10-904. Duties at inception of trusteeship. Within a reasonable time...

Section 4-10-905 - Loyalty. - 4-10-905. Loyalty. A trustee shall invest and manage the trust...

Section 4-10-906 - Impartiality. - 4-10-906. Impartiality. If a trust has two (2) or more...

Section 4-10-907 - Investment Costs. - 4-10-907. Investment costs. In investing and managing trust assets, a...

Section 4-10-908 - Reviewing Compliance. - 4-10-908. Reviewing compliance. Compliance with the prudent investor rule under...

Section 4-10-909 - Delegation of Investment and Management Functions. - 4-10-909. Delegation of investment and management functions. (a) A trustee...

Section 4-10-910 - Language Invoking Standard of This Article. - 4-10-910. Language invoking standard of this article. (a) The following...

Section 4-10-911 - Application to Public Funds of the State of Wyoming. - 4-10-911. Application to public funds of the state of Wyoming....

Section 4-10-913 - Short Title. - 4-10-913. Short title. This article may be cited as the...

Article 10 - Liability of Fiduciaries and Rights of Persons Dealing With Fiduciaries

Section 4-10-1001 - Remedies for Breach of Trust. - 4-10-1001. Remedies for breach of trust. (a) A violation by...

Section 4-10-1002 - Damages for Breach of Trust. - 4-10-1002. Damages for breach of trust. (a) A fiduciary who...

Section 4-10-1003 - Damages in Absence of Breach. - 4-10-1003. Damages in absence of breach. (a) A fiduciary is...

Section 4-10-1004 - Attorney's Fees and Costs. - 4-10-1004. Attorney's fees and costs. In a judicial proceeding involving...

Section 4-10-1005 - Limitation of Action Against Fiduciary. - 4-10-1005. Limitation of action against fiduciary. (a) A beneficiary may...

Section 4-10-1006 - Reliance on Trust Instrument. - 4-10-1006. Reliance on trust instrument. A fiduciary who acts in...

Section 4-10-1007 - Event Affecting Administration or Distribution. - 4-10-1007. Event affecting administration or distribution. If the happening of...

Section 4-10-1008 - Exculpation of Fiduciaries. - 4-10-1008. Exculpation of fiduciaries. (a) A term of a trust...

Section 4-10-1009 - Beneficiary's Consent, Release or Ratification. - 4-10-1009. Beneficiary's consent, release or ratification. (a) A fiduciary is...

Section 4-10-1010 - Limitation on Personal Liability of Fiduciary. - 4-10-1010. Limitation on personal liability of fiduciary. (a) Except as...

Section 4-10-1011 - Liability of Successor Fiduciaries for Actions of Predecessor. - 4-10-1011. Liability of successor fiduciaries for actions of predecessor. Successor...

Section 4-10-1012 - Interest of Trustee as General Partner. - 4-10-1012. Interest of trustee as general partner. (a) Except as...

Section 4-10-1013 - Protection of Person Dealing With Fiduciary. - 4-10-1013. Protection of person dealing with fiduciary. (a) A person...

Section 4-10-1014 - Certification or Affidavit of Trust. - 4-10-1014. Certification or affidavit of trust. (a) Instead of furnishing...

Article 11 - Miscellaneous Provisions

Section 4-10-1101 - Uniformity of Application and Construction. - 4-10-1101. Uniformity of application and construction. In applying and construing...

Section 4-10-1102 - Electronic Records and Signatures. - 4-10-1102. Electronic records and signatures. The provisions of this act...

Section 4-10-1103 - Application to Existing Relationships. - 4-10-1103. Application to existing relationships. (a) Except as otherwise provided...

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Wyoming Statutes Title 4 - Trusts

Wyoming Statutes
Title 4 - Trusts