(a)A trustee shall keep the qualified beneficiaries of
the trust reasonably informed about the administration of the
trust and of the material facts necessary for them to protect
their interests. Unless unreasonable under the circumstances, a
trustee shall promptly respond to a qualified beneficiary's
request for information related to the administration of the
trust.
(b)A trustee shall comply with the following provisions
unless the trust instrument specifically directs, limits or
waives this requirement of a trustee:
(i)Upon request of any qualified beneficiary, the
trustee shall promptly furnish to the beneficiary a copy of the
trust instrument;
(ii)Within sixty (60) days after accepting a
trusteeship, the trustee shall notify the qualified
beneficiaries of the acceptance and of the
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(a) A trustee shall keep the qualified beneficiaries of
the trust reasonably informed about the administration of the
trust and of the material facts necessary for them to protect
their interests. Unless unreasonable under the circumstances, a
trustee shall promptly respond to a qualified beneficiary's
request for information related to the administration of the
trust.
(b) A trustee shall comply with the following provisions
unless the trust instrument specifically directs, limits or
waives this requirement of a trustee:
(i) Upon request of any qualified beneficiary, the
trustee shall promptly furnish to the beneficiary a copy of the
trust instrument;
(ii) Within sixty (60) days after accepting a
trusteeship, the trustee shall notify the qualified
beneficiaries of the acceptance and of the trustee's name,
address and telephone number;
(iii) Within sixty (60) days after the date the
trustee acquires knowledge of the creation of an irrevocable
trust, or the date the trustee acquires knowledge that a
formerly revocable trust has become irrevocable, whether by the
death of the settlor or otherwise, the trustee shall notify the
qualified beneficiaries of the trust's existence, of the
identity of the settlor or settlors, of the right to request a
copy of the trust instrument and of the right to a trustee's
report as provided in subsection (c) of this section; and
(iv) The trustee shall notify the qualified
beneficiaries in advance of any change in the method or rate of
the trustee's compensation.
(c) A trustee shall send to qualified beneficiaries, at
least annually and at the termination of the trust, a report of
the trust property, liabilities, receipts and disbursements,
including the amount of the trustee's compensation, except to
the extent compensation has been disclosed consistent with the
requirements of W.S. 4-10-802, the allocation of receipts,
disbursements, trustee compensation and expenses of
administration between income and principal, a listing of the
trust assets and, if feasible, their respective market values.
Upon a vacancy in a trusteeship, unless a cotrustee remains in
office, a report shall be sent to the qualified beneficiaries by
the former trustee. A personal representative, conservator or
guardian of a deceased or incapacitated trustee may send the
qualified beneficiaries a report on the trustee's behalf.
(d) A beneficiary may waive the right to a trustee's
report or other information otherwise required to be furnished
under this section. A beneficiary, with respect to future
reports and other information, may withdraw a waiver previously
given.
(e) The trustee of an irrevocable trust that was created
before July 1, 2003 or which became irrevocable before July 1,
2003 may elect not to comply with subsections (b) and (c) of
this section.