Wyoming § 2-3-818 Insubstantial allocation not required

Wyoming Statutes

§ 2-3-818 — Insubstantial allocation not required

Wyoming § 2-3-818

Title 02Wills, Decedents' Estates and Probate Code

Ch. 3FIDUCIARIES

Art. 8PRINCIPAL AND INCOME

This text of Wyoming § 2-3-818 (Insubstantial allocation not required) 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. § 2-3-818 (2026).

Text

(a)If a trustee determines that an allocation between principal and income required by W.S. 2-3-819 through 2-3-822 or 2-3-825 is insubstantial, the trustee may allocate the entire amount to principal unless one of the circumstances described in W.S. 2-3-804(c) applies to the allocation. This power may be exercised by a cotrustee in the circumstances described in W.S. 2-3-804(d) and may be released for the reasons and in the manner described in W.S. 2-3-804(e). An allocation is presumed to be insubstantial if:

(i)The amount of the allocation would increase or decrease net income in an accounting period, as determined before the allocation, by less than ten percent (10%); or

(ii)The value of the asset producing the receipt for which the allocation would be made is less than ten percent (

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(a) If a trustee determines that an allocation between
principal and income required by W.S. 2-3-819 through 2-3-822 or
2-3-825 is insubstantial, the trustee may allocate the entire
amount to principal unless one of the circumstances described in
W.S. 2-3-804(c) applies to the allocation. This power may be
exercised by a cotrustee in the circumstances described in W.S.
2-3-804(d) and may be released for the reasons and in the manner
described in W.S. 2-3-804(e). An allocation is presumed to be
insubstantial if:
(i) The amount of the allocation would increase or
decrease net income in an accounting period, as determined
before the allocation, by less than ten percent (10%); or
(ii) The value of the asset producing the receipt for
which the allocation would be made is less than ten percent
(10%) of the total value of the trust's assets at the beginning
of the accounting period.