§ 3-3-607 — Powers of conservator subject to the approval of the court

Wyoming § 3-3-607

• Jurisdiction: Wyoming
• Title 03: Guardian and Ward
• Ch. 3: CONSERVATORSHIPS
• Art. 6: DUTIES AND POWERS OF CONSERVATOR

Text

(a) Upon order of the court after hearing and notice as
prescribed by the court the conservator may:
(i) Apply any portion of the income or of the estate
of the ward for the support of any person for whose support the
ward is legally liable;
(ii) Compromise or settle any claim by or against the
ward or the conservator, and adjust, arbitrate or compromise
claims in favor of or against the ward or conservator;
(iii) Apply the income and profits of the minor ward
for his maintenance, care, support and education if the court
finds that the parent of the minor ward should be relieved of
the obligation of parental support;
(iv) Do any other thing that the court determines to
be in the best interest of the ward and his estate;
(v) Sell, mortgage, exchange, pledge or lease real
and personal property belonging to the ward, including the
homestead and exempt personal property when it appears to be in
the best interest of the ward, in the same manner and by the
same procedure provided by title 2, Wyoming statutes for the
sale, mortgage, exchange, pledge and lease by personal
representatives in administration of estates of decedents;
(vi) Create a written revocable inter vivos trust,
with a corporate trustee whose principal place of business is in
Wyoming and which has trust powers under or in accordance with
the laws of Wyoming, and transfer to the trust any part or all
of the assets belonging to the ward. The trust shall provide by
its terms that it may be revoked at any time by the court in
which event the trustee shall deliver all of the trust assets
then in its possession in accordance with the order of the
court.