Wyoming § 2-3-808 When right to income begins and ends

Wyoming Statutes

§ 2-3-808 — When right to income begins and ends

Wyoming § 2-3-808

Title 02Wills, Decedents' Estates and Probate Code

Ch. 3FIDUCIARIES

Art. 8PRINCIPAL AND INCOME

This text of Wyoming § 2-3-808 (When right to income begins and ends) 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. § 2-3-808 (2026).

Text

(a)An income beneficiary is entitled to net income from the date on which the income interest begins. An income interest begins on the date specified in the terms of the trust or, if no date is specified, on the date an asset becomes subject to a trust or successive income interest.

(b)An asset becomes subject to a trust:

(i)On the date it is transferred to the trust in the case of an asset that is transferred to a trust during the transferor's life;

(ii)On the date of a testator's death in the case of an asset that becomes subject to a trust by reason of a will, even if there is an intervening period of administration of the testator's estate; or

(iii)On the date of an individual's death in the case of an asset that is transferred to a fiduciary by a third party because of the indivi

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(a) An income beneficiary is entitled to net income from
the date on which the income interest begins. An income interest
begins on the date specified in the terms of the trust or, if no
date is specified, on the date an asset becomes subject to a
trust or successive income interest.
(b) An asset becomes subject to a trust:
(i) On the date it is transferred to the trust in the
case of an asset that is transferred to a trust during the
transferor's life;
(ii) On the date of a testator's death in the case of
an asset that becomes subject to a trust by reason of a will,
even if there is an intervening period of administration of the
testator's estate; or
(iii) On the date of an individual's death in the
case of an asset that is transferred to a fiduciary by a third
party because of the individual's death.
(c) An asset becomes subject to a successive income
interest on the day after the preceding income interest ends, as
determined under subsection (d) of this section, even if there
is an intervening period of administration to wind up the
preceding income interest.
(d) An income interest ends on the day before an income
beneficiary dies or another terminating event occurs, or on the
last day of a period during which there is no beneficiary to
whom a trustee may distribute income.