§ 3-9-211 — Estates, trusts and other beneficial interests

Wyoming § 3-9-211

• Jurisdiction: Wyoming
• Title 03: Guardian and Ward
• Ch. 9: UNIFORM POWER OF ATTORNEY ACT
• Art. 2: AUTHORITY

Text

(a) Unless the power of attorney otherwise provides,
language in a power of attorney granting general authority with
respect to estates, trusts and other beneficial interests
authorizes the agent to:
(i) Accept, receive, receipt for, sell, assign,
pledge or exchange a share in or payment from an estate, trust
or other beneficial interest;
(ii) Demand or obtain any money or other thing of
value to which the principal is, may become or claims to be
entitled to by reason of an estate, trust or other beneficial
interest, by litigation or otherwise;
(iii) Exercise for the benefit of the principal a
presently exercisable general power of appointment held by the
principal;
(iv) Initiate, participate in, submit to alternative
dispute resolution, settle, oppose or propose or accept a
compromise with respect to litigation to ascertain the meaning,
validity or effect of a deed, will, declaration of trust or
other instrument or transaction affecting the interest of the
principal;
(v) Initiate, participate in, submit to alternative
dispute resolution, settle, oppose or propose or accept a
compromise with respect to litigation to remove, substitute or
surcharge a fiduciary;
(vi) Conserve, invest, disburse or use anything
received for an authorized purpose;
(vii) Transfer an interest of the principal in real
property, stocks and bonds, accounts with financial institutions
or securities intermediaries, insurance, annuities and other
property to the trustee of a revocable trust created by the
principal as settlor.
(b) As used in this section, "estate, trust or other
beneficial interest" means a trust, probate estate,
guardianship, conservatorship, escrow or custodianship or a fund
from which the principal is, may become or claims to be entitled
to a share or payment.