Wyoming § 2-7-802 Expenses of administration; standard; how paid

Wyoming Statutes

§ 2-7-802 — Expenses of administration; standard; how paid

Wyoming § 2-7-802

Title 02Wills, Decedents' Estates and Probate Code

Ch. 7ADMINISTRATION OF ESTATES

Art. 8FINAL REPORT, ACCOUNTING, DISTRIBUTION AND DISCHARGE

This text of Wyoming § 2-7-802 (Expenses of administration; standard; how paid) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 2-7-802 (2026).

Text

(a)The personal representative is authorized to incur and pay at any time, subject to approval upon hearing his final report and accounting, all reasonable and necessary expenses in the care, management and settlement of the estate. The personal representative's authorization shall be exercised with the judgment and care under the circumstances then prevailing which men of prudence, discretion and intelligence exercise in the management of their own affairs. Subject to the foregoing standard, the expenses may include but are not limited to services relating to:

(i)Bank accounts and safekeeping facilities;

(ii)Appraisals;

(iii)Surveys;

(iv)Title and lien searches and certifications as to real or personal property;

(v)Sales of real property and personal property, including broker's com

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(a) The personal representative is authorized to incur and
pay at any time, subject to approval upon hearing his final
report and accounting, all reasonable and necessary expenses in
the care, management and settlement of the estate. The personal
representative's authorization shall be exercised with the
judgment and care under the circumstances then prevailing which
men of prudence, discretion and intelligence exercise in the
management of their own affairs. Subject to the foregoing
standard, the expenses may include but are not limited to
services relating to:
(i) Bank accounts and safekeeping facilities;
(ii) Appraisals;
(iii) Surveys;
(iv) Title and lien searches and certifications as to
real or personal property;
(v) Sales of real property and personal property,
including broker's commissions, premiums for title insurance,
services in connection with abstracts of title and auctioneer's
fees;
(vi) Maintenance, repair, care and protection of
estate assets, including such expenses as are normally incident
to crops and livestock;
(vii) Property insurance of all types and liability
insurance;
(viii) Events incident to distribution of estate
assets, such as stock transfer fees and other normal expenses
incident to transfer of title;
(ix) Preparation of all necessary tax returns and
reports, and audit proceedings in connection therewith, relating
to the decedent and the estate and the distribution of the
estate;
(x) Publications and mailings;
(xi) Location and identification of heirs and
beneficiaries; and
(xii) Expenses, fees and costs of ancillary
administration in a state other than Wyoming.
(b) Except as otherwise directed by the decedent's will,
the expenses shall be paid first out of income of the estate
received by the personal representative, then from the residue
of the estate.