Wyoming § 2-3-905 Unitrust election by beneficiary; ability to
request trustee action

Wyoming Statutes

§ 2-3-905 — Unitrust election by beneficiary; ability to request trustee action

Wyoming·Title 02 Wills, Decedents' Estates and Probate Code·Ch. 3 FIDUCIARIES·Art. 9 WYOMING UNITRUST ACT

(a)A beneficiary, who is receiving, or is entitled to receive, income under the trust or to receive a distribution of principal if the trust were terminated, may:

(i)Submit to the trustee a written request to convert an income trust to a total return unitrust;

(ii)Reconvert a total return unitrust to an income trust; or

(iii)Change the percentage used to calculate the unitrust amount pursuant to W.S. 2-3-904.

(b)If the trustee declines or fails to act within six (6) months of receipt of the written request, the beneficiary may petition the district court to order the conversion or adjustment.

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(a) A beneficiary, who is receiving, or is entitled to
receive, income under the trust or to receive a distribution of
principal if the trust were terminated, may:
(i) Submit to the trustee a written request to
convert an income trust to a total return unitrust;
(ii) Reconvert a total return unitrust to an income
trust; or
(iii) Change the percentage used to calculate the
unitrust amount pursuant to W.S. 2-3-904.
(b) If the trustee declines or fails to act within six (6)
months of receipt of the written request, the beneficiary may
petition the district court to order the conversion or
adjustment.

Wyoming § 2-3-905 (Unitrust election by beneficiary; ability to request trustee action) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.