Wyoming § 2-3-910 Administration

Wyoming Statutes

§ 2-3-910 — Administration

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

(a)In administering a total return unitrust, the trustee may, in its sole discretion, but subject to the provisions of the governing instrument, determine:

(i)The effective date of the conversion;

(ii)The timing of distributions, including provisions for prorating a distribution for a short year in which a beneficiary's right to payments commences or ceases;

(iii)Whether distributions are to be made in cash or in kind or partly in cash and partly in kind;

(iv)If the trust is reconverted to an income trust, the effective date of the reconversion; and

(v)Other administrative issues as may be necessary or appropriate to carry out the purposes of this act.

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(a) In administering a total return unitrust, the trustee
may, in its sole discretion, but subject to the provisions of
the governing instrument, determine:
(i) The effective date of the conversion;
(ii) The timing of distributions, including
provisions for prorating a distribution for a short year in
which a beneficiary's right to payments commences or ceases;
(iii) Whether distributions are to be made in cash or
in kind or partly in cash and partly in kind;
(iv) If the trust is reconverted to an income trust,
the effective date of the reconversion; and
(v) Other administrative issues as may be necessary
or appropriate to carry out the purposes of this act.

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