Wyoming § 4-10-519 Multiple qualified transfers in same trust
instrument

Wyoming Statutes

§ 4-10-519 — Multiple qualified transfers in same trust instrument

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

(a)If more than one (1) qualified transfer is made to the same qualified spendthrift trust:

(i)The making of a subsequent qualified transfer shall be disregarded in determining whether a creditor's claim with respect to a prior qualified transfer is extinguished utilizing the procedures provided in W.S. 4-10-514; and

(ii)Any distribution to a beneficiary other than the settlor shall be deemed to have been made from the qualified trust property attributable to the earliest qualified transfer to the trust, unless a creditor of the settlor is able to prove by clear and convincing evidence otherwise.

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(a) If more than one (1) qualified transfer is made to the
same qualified spendthrift trust:
(i) The making of a subsequent qualified transfer
shall be disregarded in determining whether a creditor's claim
with respect to a prior qualified transfer is extinguished
utilizing the procedures provided in W.S. 4-10-514; and
(ii) Any distribution to a beneficiary other than the
settlor shall be deemed to have been made from the qualified
trust property attributable to the earliest qualified transfer
to the trust, unless a creditor of the settlor is able to prove
by clear and convincing evidence otherwise.

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