There is a newer version
of
this Section
2020 Wyoming Statutes
Title 2 - Wills, Decedents' Estates and Probate Code
Chapter 3 - Fiduciaries
Article 9 - Wyoming Unitrust Act
Section 2-3-905 - Unitrust Election by Beneficiary; Ability to Request Trustee Action.
Universal Citation: WY Stat § 2-3-905 (2020)
2-3-905. Unitrust election by beneficiary; ability to request trustee action.
(a) A beneficiary, who is receiving, or is entitled to receive, income under the trust or to receive a distribution of principal if the trust were terminated, may:
(i) Submit to the trustee a written request to convert an income trust to a total return unitrust;
(ii) Reconvert a total return unitrust to an income trust; or
(iii) Change the percentage used to calculate the unitrust amount pursuant to W.S. 2-3-904.
(b) If the trustee declines or fails to act within six (6) months of receipt of the written request, the beneficiary may petition the district court to order the conversion or adjustment.
Disclaimer: These codes may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
