§ 34-13-119 — Other transfer by fiduciary

Wyoming § 34-13-119

• Jurisdiction: Wyoming
• Title 34: Property, Conveyances and Security Transactions
• Ch. 13: TRANSFERS TO MINORS

Text

(a) Subject to subsection (c) of this section, a personal
representative or trustee may make an irrevocable transfer to
another adult or trust company as custodian for the benefit of a
minor pursuant to W.S. 34-13-122, in the absence of a will or
under a will or trust that does not contain an authorization to
do so.
(b) Subject to subsection (c) of this section, a
conservator may make an irrevocable transfer to another adult or
trust company as custodian for the benefit of the minor pursuant
to W.S. 34-13-122.
(c) A transfer under subsection (a) or (b) of this section
may be made only if:
(i) The personal representative, trustee or
conservator considers the transfer to be in the best interest of
the minor;
(ii) The transfer is not prohibited by or
inconsistent with provisions of the applicable will, trust
agreement or other governing instrument; and
(iii) The transfer is authorized by the court if it
exceeds ten thousand dollars ($10,000.00) in value.