Wyoming § 4-10-708 Compensation of trustee

Wyoming Statutes

§ 4-10-708 — Compensation of trustee

Wyoming § 4-10-708

Title 04Fiduciaries

Ch. 10UNIFORM TRUST CODE

Art. 7TRUSTEES, TRUST ADVISORS AND TRUST PROTECTORS

This text of Wyoming § 4-10-708 (Compensation of trustee) 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. § 4-10-708 (2026).

Text

(a)If the terms of a trust do not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the circumstances. The trustee shall notify the qualified beneficiaries, in writing, of any change in the method or rate of the trustee's compensation. Notice shall be given not less than sixty (60) days in advance of any change, unless the notice is waived by the written consent of all qualified beneficiaries. The notice of a proposed change in the method or rate of trustee's compensation shall include:

(i)The current trustee's compensation;

(ii)The proposed change to the trustee's compensation;

(iii)An explanation of the reasons for the change in compensation;

(iv)The date upon which the change in compensation is to take effect; and

(v)The date, not l

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(a) If the terms of a trust do not specify the trustee's
compensation, a trustee is entitled to compensation that is
reasonable under the circumstances. The trustee shall notify the
qualified beneficiaries, in writing, of any change in the method
or rate of the trustee's compensation. Notice shall be given not
less than sixty (60) days in advance of any change, unless the
notice is waived by the written consent of all qualified
beneficiaries. The notice of a proposed change in the method or
rate of trustee's compensation shall include:
(i) The current trustee's compensation;
(ii) The proposed change to the trustee's
compensation;
(iii) An explanation of the reasons for the change in
compensation;
(iv) The date upon which the change in compensation
is to take effect; and
(v) The date, not less than sixty (60) days after
giving notice, by which a qualified beneficiary is required to
notify the trustee in writing of an objection to the change in
compensation.
(b) If the terms of a trust specify the trustee's
compensation, the trustee is entitled to be compensated as
specified, but the court may allow more or less compensation if:
(i) The duties of the trustee are substantially
different from those contemplated when the trust was created; or
(ii) The compensation specified by the terms of the
trust would be unreasonably low or high.
(c) The trustee shall be entitled to additional
compensation on agreement of all qualified beneficiaries.
(d) The authority of a trustee under this section to
change the trustee's rate or method of compensation terminates
if a majority of the qualified beneficiaries notify the trustee
of objections to the proposed change in compensation on or
before the date specified in the notice.