2016 Wyoming Code
TITLE 2 - WILLS, DECEDENTS' ESTATES AND PROBATE CODE
CHAPTER 3 - FIDUCIARIES
ARTICLE 9 - WYOMING UNITRUST ACT
SECTION 2-3-910 - Administration.
2-3-910. Administration.
(a) In administering a total return unitrust, the trustee may, in its sole discretion, but subject to the provisions of the governing instrument, determine:
(i) The effective date of the conversion;
(ii) The timing of distributions, including provisions for prorating a distribution for a short year in which a beneficiary's right to payments commences or ceases;
(iii) Whether distributions are to be made in cash or in kind or partly in cash and partly in kind;
(iv) If the trust is reconverted to an income trust, the effective date of the reconversion; and
(v) Other administrative issues as may be necessary or appropriate to carry out the purposes of this act.
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