§ 4-10-512 — Qualified transfers; exception

Wyoming § 4-10-512

• Jurisdiction: Wyoming
• Title 04: Fiduciaries
• Ch. 10: UNIFORM TRUST CODE
• Art. 5: CREDITOR'S CLAIMS; SPENDTHRIFT AND DISCRETIONARY

Text

(a) Except as otherwise provided in this section,
"qualified transfer" means a transfer, conveyance or assignment
of property, by or from a settlor, with or without
consideration, to a qualified trustee, under a trust instrument
which meets the requirements of W.S. 4-10-510. "Qualified
transfer" also includes:
(i) A change in the legal ownership of property
occurring upon the substitution of a qualified trustee for
another or the addition of one (1) or more qualified trustees;
or
(ii) The exercise of a power so as to cause a
transfer of property to a qualified trustee.
(b) A qualified transfer shall require an affidavit from
the settlor making the transfer to the trustee of the qualified
spendthrift trust in the form provided in W.S. 4-10-523, except
that no affidavit shall be required for a transfer under W.S.