reglab/housing_qa huggingface dataset:
WY Stat § 4-10-406 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-406 - Charitable Purposes; Enforcement.

4-10-406. Charitable purposes; enforcement.| (a) A charitable trust may be created for the relief of poverty, the advancement of education or religion, the promotion of health, governmental or municipal purposes, or other purposes the achievement of which is beneficial to the community.  (b) If the terms of a charitable trust do not indicate or otherwise provide for selection of a particular charitable purpose or beneficiary or if the designated charitable purpose cannot be completed or no longer exists, the court may select one (1) or more charitable purposes or beneficiaries. The selection shall be consistent with the settlor's intention to the extent it can be ascertained.  (c) The settlor of a charitable trust, among others, may maintain a proceeding to enforce the trust.
WY Stat § 4-10-407 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-407 - Creation of Trust Induced by Fraud, Duress or Undue Influence.

4-10-407. Creation of trust induced by fraud, duress or undue influence.| Subject to the rights of persons dealing with a fiduciary as provided in W.S. 4-10-1013, a trust is void to the extent its creation was induced by fraud, duress or undue influence.
WY Stat § 4-10-408 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-408 - Evidence of Oral Trust.

4-10-408. Evidence of oral trust.| Except as required by a statute other than this act, a trust need not be evidenced by a trust instrument, but the creation of an oral trust and its terms may be established only by clear and convincing evidence.
WY Stat § 4-10-409 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-409 - Trust for Care of Animal.

4-10-409. Trust for care of animal.| (a) A trust may be created to provide for the care of an animal alive during the settlor's lifetime. The trust terminates upon the death of the animal or, if the trust was created to provide for the care of more than one (1) animal alive during the settlor's lifetime, upon the death of the last surviving animal.  (b) A trust authorized by this section may be enforced by a person appointed in the terms of the trust, trust advisor, trust protector or, if no person is so appointed, by a person appointed by the court. A person having an interest in the welfare of the animal may request the court to appoint a person to enforce the trust or to remove a person appointed.  (c) Property of a trust authorized by this section may be applied only to its intended use, except to the extent the court determines that the value of the trust property exceeds the amount required for the intended use. Except as otherwise provided in the terms of the trust, property not required for the intended use shall be distributed to the settlor, if then living, otherwise to the settlor's successors in interest.
WY Stat § 4-10-410 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-410 - Noncharitable Trust Without Ascertainable Beneficiary.

4-10-410. Noncharitable trust without ascertainable beneficiary.| (a) Except as otherwise provided in W.S. 4-10-409 or by another statute, the following rules apply:  (i) A trust may be created for a noncharitable purpose without a definite or definitely ascertainable beneficiary or for a noncharitable but otherwise valid purpose to be selected by the trustee;  (ii) A trust authorized by this section may be enforced by a trust advisor, trust protector, person appointed in the terms of the trust or, if no person is so appointed, by a person appointed by the court;  (iii) Property of a trust authorized by this section may be applied only to its intended use, except to the extent the court determines that the value of the trust property exceeds the amount required for the intended use. Except as otherwise provided in the terms of the trust, property not required for the intended use shall be distributed to the settlor, if then living, otherwise to the settlor's successors in interest;  (iv) No common law rule limiting the duration of noncharitable purpose trusts is in force in this state.
WY Stat § 4-10-411 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-411 - Modification or Termination of Trust; Proceedings for Approval or Disapproval.

4-10-411. Modification or termination of trust; proceedings for approval or disapproval.| (a) In addition to the methods of termination prescribed by W.S. 4-10-412 through 4-10-415, a trust terminates to the extent the trust is revoked or expires pursuant to its terms, no material purpose of the trust remains to be achieved or the purposes of the trust have become unlawful, contrary to public policy or impossible to achieve.  (b) A proceeding to approve or disapprove a proposed modification or termination under W.S. 4-10-412 through 4-10-417, or trust combination or division under W.S. 4-10-418, may be commenced by a trustee or beneficiary, and a proceeding to approve or disapprove a proposed modification or termination under W.S. 4-10-412 may be commenced by the settlor. The settlor of a charitable trust may maintain a proceeding to modify the trust under W.S. 4-10-414.
WY Stat § 4-10-412 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-412 - Modification or Termination of Noncharitable Irrevocable Trust by Consent.

4-10-412. Modification or termination of noncharitable irrevocable trust by consent.| (a) If upon petition the court finds that the settlor and all qualified beneficiaries consent to the modification or termination of a noncharitable irrevocable trust, the court may enter an order approving the modification or termination, even if the modification or termination is inconsistent with a material purpose of the trust. A settlor's power to consent to a modification or termination of a trust may be exercised by an agent under a power of attorney only to the extent expressly authorized by the power of attorney or the terms of the trust or, if no agent is so authorized, then by the settlor's conservator or guardian. Exercise of the settlor's power to consent by an agent, conservator or guardian shall be in each case with the approval of the court upon a finding by the court that such action is not inconsistent with the settlor's purpose or intent.  (b) A noncharitable irrevocable trust may be modified or terminated by a trust protector provided that the terms of the trust authorize a protector and grant the trust protector the power to modify or terminate the trust.  (c) A noncharitable irrevocable trust may be terminated upon consent of all of the beneficiaries if the court concludes that continuance of the trust is not necessary to achieve any material purpose of the trust. A noncharitable irrevocable trust may be modified upon consent of all of the beneficiaries if the court concludes that modification is not inconsistent with a material purpose of the trust.  (d) A spendthrift provision in the terms of the trust is not presumed to constitute a material purpose of the trust for purposes of this section.  (e) Upon termination of a trust under subsection (a), (b) or (c) of this section, the trustee shall distribute the trust property as provided in the terms of the trust or in default of such terms of the trust as agreed by all the beneficiaries.  (f) If not all the beneficiaries consent to a proposed modification or termination of the trust under subsection (a), (b) or (c) of this section, the modification or termination may be approved by the court if the court is satisfied that:  (i) If all of the beneficiaries had consented, the trust could have been modified or terminated under this section; and  (ii) The interests of a beneficiary who does not consent will be adequately protected.
WY Stat § 4-10-413 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-413 - Modification or Termination Because of Unanticipated Circumstances or Inability to Administer Trust Effectively.

4-10-413. Modification or termination because of unanticipated circumstances or inability to administer trust effectively.| (a) The court may modify the administrative or dispositive terms of a trust or terminate the trust if, because of circumstances not anticipated by the settlor, modification or termination will further the purposes of the trust. To the extent practicable, the modification shall be made in accordance with the settlor's probable intention.  (b) The court may modify the administrative terms of a trust if continuation of the trust on its existing terms would be impracticable or wasteful or impair the trust's administration.  (c) Upon termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.
WY Stat § 4-10-414 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-414 - Cy Pres.

4-10-414. Cy pres.| (a) Except as otherwise provided in the terms of the trust, if a particular charitable purpose becomes unlawful, impracticable, impossible to achieve or wasteful:  (i) The trust does not fail, in whole or in part;  (ii) The trust property does not revert to the settlor or the settlor's successors in interest; and  (iii) The court may apply cy pres to modify or terminate the trust by directing that the trust property be applied or distributed, in whole or in part, in a manner consistent with the settlor's charitable purposes.
WY Stat § 4-10-415 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-415 - Modification or Termination of Uneconomic Trust.

4-10-415. Modification or termination of uneconomic trust.| (a) If the fair market value of a trust is less than one hundred fifty thousand dollars ($150,000.00), the trustee may terminate the trust by the following procedure:  (i) The trustee shall determine a plan of distribution that agrees, as nearly as possible, with the purposes of the trust;  (ii) The trustee shall give written notice to all qualified beneficiaries of his intent to distribute the assets in accordance with the plan unless a qualified beneficiary objects in writing within thirty (30) days after receipt of the notice;  (iii) If no objection is received within thirty (30) days after receipt of the notice, the trustee shall proceed to distribute the trust assets in accordance with the plan;  (iv) If the trustee receives a written objection to the plan within thirty (30) days after receipt of the notice, the trustee shall not distribute the assets of the trust, but may then petition the court for an order authorizing distribution in accordance with the plan. The court shall have plenary authority to approve, modify or reject the trustee's petition.  (b) The existence of a spendthrift or similar provision shall not affect the trustee's powers under this section unless the trust instrument specifically provides that the trustee shall not have the power to terminate the trust.  (c) This section does not apply to an easement for conservation or preservation.
WY Stat § 4-10-416 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-416 - Reformation to Correct Mistakes.

4-10-416. Reformation to correct mistakes.| The court may reform the terms of a trust, even if unambiguous, to conform the terms to the settlor's intention if it is proved by clear and convincing evidence that both the settlor's intent and the terms of the trust were affected by a mistake of fact or law, whether in expression or inducement.
WY Stat § 4-10-417 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-417 - Modification to Achieve Settlor's Tax Objectives.

4-10-417. Modification to achieve settlor's tax objectives.| To achieve the settlor's tax objectives, the court may modify the terms of a trust in a manner that is not contrary to the settlor's probable intention as proved by a preponderance of the evidence. The court may provide that the modification has retroactive effect.
WY Stat § 4-10-418 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 4 - Creation, Validity, Modification and Termination of Trust|Section 4-10-418 - Combination and Division of Trusts.

4-10-418. Combination and division of trusts.| After notice to the qualified beneficiaries, a trustee may combine two (2) or more trusts into a single trust or divide a trust into two (2) or more separate trusts, if the result does not impair the rights of any beneficiary or adversely affect achievement of the purposes of the trust.
WY Stat § 4-10-501 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-501 - Rights of Beneficiary's Creditor or Assignee.

4-10-501. Rights of beneficiary's creditor or assignee.| To the extent a beneficiary's interest in trust income or principal, or both, is not subject to a spendthrift provision or the exercise of the trustee's discretion, the court may authorize an assignee or a judgment creditor of the beneficiary to attach distributions of trust income or principal, or both, when the distributions are received by the beneficiary or by a third party for the benefit of the beneficiary.
WY Stat § 4-10-502 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-502 - Spendthrift Provision.

4-10-502. Spendthrift provision.| (a) Repealed By Laws 2007, Ch. 155, § 5.  (b) A term of a trust providing that the interest of a beneficiary is held subject to a "spendthrift trust," or words of similar import, is sufficient to restrain both voluntary and involuntary transfers of the beneficiary's interest.  (c) Other than by valid disclaimer under W.S. 2-1-401, a beneficiary may not transfer an interest in a trust in violation of a spendthrift provision and, a creditor or assignee of the beneficiary may not reach the interest or attach a distribution by the trustee unless and until it is received by the beneficiary.
WY Stat § 4-10-503 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-503 - Exceptions to Spendthrift Provision.

4-10-503. Exceptions to spendthrift provision.| (a) As used in this section, "child" includes any person for whom an order or judgment for child support has been entered in this or another state.  (b) Even if a trust contains a spendthrift provision, a person who has a judgment or court order against the beneficiary for child support or maintenance may obtain from a court an order attaching present or future distributions to, or for the benefit of, the beneficiary.
WY Stat § 4-10-504 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-504 - Discretionary Trusts; Effect of Standard.

4-10-504. Discretionary trusts; effect of standard.| (a) Repealed By Laws 2007, Ch. 155, § 5.  (b) When the terms of the trust provide that the trustee may only make discretionary distributions to a beneficiary, whether or not the trust contains a spendthrift provision, a creditor or assignee of the trust beneficiary, including a creditor bringing a claim for forced heirship or legitime, may not compel the trustee to distribute any income or principal, or both, from the trust or reach or attach the interest of the beneficiary unless and until a trust distribution is received by the beneficiary, even if:  (i) The trustee has discretion to make distributions for purposes stated in a standard of distribution;  (ii) The trustee has abused the discretion; or  (iii) The trustee makes distributions directly to third parties for the benefit of the beneficiary in accordance with the terms of the trust.  (c) Repealed By Laws 2007, Ch. 155, § 5.  (d) This section shall not limit the right of a beneficiary to maintain a judicial proceeding against a trustee for an abuse of discretion. However, a creditor or assignee of a beneficiary may not maintain, or compel the beneficiary to maintain, a proceeding on behalf of the beneficiary or the creditor or assignee.  (e) Repealed By Laws 2007, Ch. 155, § 5.  (f) A discretionary trust created for the benefit of a disabled person under W.S. 42-2-403(f)(i) and (ii) and 42 U.S.C. 1396p(d)(4)(A) and (C) shall have the protection of discretionary trusts provided under this section and such protection shall apply regardless of the date the trust was created.  (g) Terms of a trust providing a trustee may make discretionary distributions to a beneficiary, whether or not the discretionary distributions are pursuant to a standard of distribution, shall not create any property interest in the beneficiary or any enforceable right to a distribution for the beneficiary.
WY Stat § 4-10-505 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-505 - Standards of Distribution.

4-10-505. Standards of distribution.| (a) Regardless of whether a beneficiary's interest in trust income or principal or both is subject to a spendthrift provision, if the terms of the trust direct the trustee to make distributions of trust income or principal or both according to a standard, which includes distributions for the beneficiary's maintenance or support, and the trustee has not complied with the standard of distribution:  (i) A distribution may be ordered by the court to satisfy a judgment or court order against the beneficiary for support or maintenance of the beneficiary's child; and  (ii) In the order of distribution, the court shall direct the trustee to pay to or for the benefit of the child that portion of the trust income or principal or both as is equitable under the circumstances, but not more than the amount the trustee would have been required to distribute to or for the benefit of the beneficiary had the trustee complied with the standard of distribution.  (b) Except as provided in subsection (a) of this section, a creditor or assignee of a beneficiary, including a creditor bringing any claim for forced heirship or legitime, may not compel distributions from the trust or attach distributions to be made to a beneficiary until the distributions are received by the beneficiary, if the terms of the trust limit the trustee's ability to make distributions by a standard of distribution, even when the beneficiary is also a trustee or cotrustee of the trust.  (c) This section shall not limit the right of a beneficiary to maintain a judicial proceeding against a trustee for a failure to comply with a standard for distributions to the beneficiary.  (d) Except as otherwise provided in the terms of the trust, the trustee shall not consider the assets or resources of a beneficiary in determining whether to make a distribution of trust income or principal.
WY Stat § 4-10-505.1 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-505.1 - Power of Appointment or Withdrawal; Claims of Power Holder's Creditors.

4-10-505.1. Power of appointment or withdrawal; claims of power holder's creditors.| (a) Property of a trust that the holder of a power of appointment is authorized to appoint may not be reached or attached by creditors or assignees of the power holder except to the extent that the power holder:  (i) Is authorized under the power to appoint the property to himself, his creditors, his estate or the creditors of his estate; and  (ii) Exercises the power of appointment in favor of himself, his creditors, his estate or the creditors of his estate.  (b) Property of a trust that may be withdrawn by a person holding a power to withdraw from the trust may not be reached or attached by creditors or assignees of the power holder unless and until the power holder withdraws the property from the trust.
WY Stat § 4-10-507 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-507 - Limitation on Action by Creditors.

4-10-507. Limitation on action by creditors.| (a) Subject to the rights of persons dealing with a fiduciary as provided in W.S. 4-10-1013, a creditor may file a claim against the assets of the trust or commence a judicial proceeding to contest the validity of a trust that was revocable at the settlor's death within the earlier of:  (i) Two (2) years after the settlor's death;  (ii) One hundred twenty (120) days after the first publication of a notice of the intent of the trustee to have the property of the settlor distributed as permitted under the terms of the trust. The notice shall be published once per week for two (2) consecutive weeks in a newspaper of general circulation in the county or counties where venue of the trust is properly established as provided in W.S. 4-10-204; or  (iii) One hundred twenty (120) days after known creditors have been mailed notice, by certified mail return receipt requested. The notice shall inform the creditor:  (A) Of the trust's existence;  (B) Of the trustee's name and address;  (C) That the creditor shall make all claims in writing to the trustee within one hundred twenty (120) days of the date of mailing of the notice; and  (D) That time allowed for commencing a proceeding to contest the validity of a trust or of the proposed distribution of the trustee is one hundred twenty (120) days from the date of mailing of the notice.  (b) A creditor failing to file his claim or to commence a judicial proceeding to contest the validity of a trust within the times provided is forever prohibited from making any claim against the assets of the settlor's trust or commencing any judicial proceeding against the settlor or the assets of the settlor's trust.