Wyoming Statutes
§ 4-10-403 — Requirements for creation
Wyoming·Title 04 Fiduciaries·Ch. 10 UNIFORM TRUST CODE·Art. 4 CREATION, VALIDITY, MODIFICATION AND TERMINATION OF
(a)A trust is created only if:
(i)The settlor has capacity to create a trust;
(ii)The settlor indicates an intention to create the
trust;
(iii)The trust has a definite beneficiary or is:
(A)A charitable trust;
(B)A trust for the care of an animal, as
provided in W.S. 4-10-409; or
(C)A trust for a noncharitable purpose, as
provided in W.S. 4-10-410.
(iv)The trustee has duties to perform; and
(v)The same person is not the sole trustee and sole
beneficiary.
(b)A beneficiary is definite if the beneficiary can be
ascertained now or in the future, subject to W.S. 34-1-139.
(c)A power in a trustee, trust advisor, trust protector
or other party designated in the trust instrument to select a
beneficiary from an indefinite class is valid. If the power is
not exercised within a reasonable
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Nearby Sections
15
§ 4-10-1001
Remedies for breach of trust§ 4-10-1002
Damages for breach of trust§ 4-10-1003
Damages in absence of breach§ 4-10-1004
Attorney's fees and costs§ 4-10-1005
Limitation of action against fiduciary§ 4-10-1006
Reliance on trust instrument§ 4-10-1008
Exculpation of fiduciaries§ 4-10-101
Short title§ 4-10-1012
Interest of trustee as general partner§ 4-10-1013
Protection of person dealing with fiduciary§ 4-10-1014
Certification or affidavit of trust