Wyoming § 4-10-523 Qualified transfer affidavit

Wyoming Statutes

§ 4-10-523 — Qualified transfer affidavit

Wyoming § 4-10-523

Title 04Fiduciaries

Ch. 10UNIFORM TRUST CODE

Art. 5CREDITOR'S CLAIMS; SPENDTHRIFT AND DISCRETIONARY

This text of Wyoming § 4-10-523 (Qualified transfer affidavit) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 4-10-523 (2026).

Text

(a)A qualified transfer affidavit shall be in writing, sworn to by the settlor, and shall include each of the following statements:

(i)The settlor has full right, title and authority to transfer the property to the qualified spendthrift trust;

(ii)The transfer of the property to the qualified spendthrift trust will not render the settlor insolvent;

(iii)The settlor does not intend to defraud any creditors by transferring the property to the qualified spendthrift trust;

(iv)The settlor does not have any pending or threatened court actions against him, except for those court actions identified in the affidavit;

(v)The settlor is not involved in any administrative proceedings, except for those administrative proceedings identified in the affidavit;

(vi)At the time of the transfer of th

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(a) A qualified transfer affidavit shall be in writing,
sworn to by the settlor, and shall include each of the following
statements:
(i) The settlor has full right, title and authority
to transfer the property to the qualified spendthrift trust;
(ii) The transfer of the property to the qualified
spendthrift trust will not render the settlor insolvent;
(iii) The settlor does not intend to defraud any
creditors by transferring the property to the qualified
spendthrift trust;
(iv) The settlor does not have any pending or
threatened court actions against him, except for those court
actions identified in the affidavit;
(v) The settlor is not involved in any administrative
proceedings, except for those administrative proceedings
identified in the affidavit;
(vi) At the time of the transfer of the property to
the qualified spendthrift trust, the settlor is not in default
of a child support obligation by more than thirty (30) days;
(vii) The settlor does not contemplate the filing for
relief under the provisions of the federal Bankruptcy Code;
(viii) The property transferred to the qualified
spendthrift trust was not derived from any unlawful activities;
(ix) The settlor has and shall maintain personal
liability insurance of at least one million dollars
($1,000,000.00) or shall provide coverage equal to the fair
market value of the settlor's total qualified transfers to
qualified spendthrift trusts, whichever is less. This affidavit
requirement shall not apply to a qualified transfer to a trust
created by a court order under W.S. 3-3-607 or an irrevocable
income trust created under W.S. 42-2-403(f)(ii) and 42 U.S.C.
1396p(d)(4)(B).