reglab/housing_qa huggingface dataset:
WY Stat § 4-10-507.1 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-507.1 - Enforcement of Foreign Judgments; Liability for Compliance.

4-10-507.1. Enforcement of foreign judgments; liability for compliance.| (a) Notwithstanding any other provision of law, no judgment, decree or order of a court of the United States, a court of another state or any other court other than a Wyoming court shall be enforced against the property of any trust governed by the laws of this state unless a court of competent jurisdiction in Wyoming determines that the time, manner and mechanism for enforcing the judgment, decree or order is consistent with the restrictions and limitations imposed under this article for the enforcement of the claims of any creditor and is consistent with the terms of the trust.  (b) A trustee, trust protector, trust advisor or other fiduciary of a trust, whether acting in a fiduciary capacity or not, shall not be liable for failing to comply with any judgment, decree or order of a court of the United States, a court of another state or any other court other than a Wyoming court that the trustee, trust protector or trust advisor believes in good faith to be inconsistent with the restrictions and limitations imposed under the terms of the trust or by this act.
WY Stat § 4-10-508 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-508 - Overdue Mandatory Distribution.

4-10-508. Overdue mandatory distribution.| (a) In this section, "mandatory distribution" means a distribution of income or principal which the trustee is required to make to a beneficiary under the terms of the trust, including a distribution on termination of the trust. The term does not include a discretionary distribution under W.S. 4-10-504.  (b) If the trust includes a spendthrift provision, a creditor or assignee of a beneficiary may not compel a mandatory distribution or attach a mandatory distribution until it is received by the beneficiary.  (c) If a trust providing for a mandatory distribution does not include a spendthrift provision, a creditor or assignee of a beneficiary may compel the trustee to make the mandatory distribution to the beneficiary where the distribution was not made within a reasonable time.
WY Stat § 4-10-509 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-509 - Personal Obligations of Trustee.

4-10-509. Personal obligations of trustee.| Trust property is not subject to the personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.
WY Stat § 4-10-511 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-511 - Qualified Trust Property.

4-10-511. Qualified trust property.| (a) Qualified trust property includes real property, personal property and interests in real or personal property and all gains, appreciation and income thereon which:  (i) Are the subject of a qualified transfer; and  (ii) Are acquired with the proceeds of property of a qualified transfer.  (b) Qualified trust property is subject to W.S. 4-10-514 through 4-10-523.
WY Stat § 4-10-512 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-512 - Qualified Transfers; Exception.

4-10-512. Qualified transfers; exception.| (a) Except as otherwise provided in this section, "qualified transfer" means a transfer, conveyance or assignment of property, by or from a settlor, with or without consideration, to a qualified trustee, under a trust instrument which meets the requirements of W.S. 4-10-510. "Qualified transfer" also includes:  (i) A change in the legal ownership of property occurring upon the substitution of a qualified trustee for another or the addition of one (1) or more qualified trustees; or  (ii) The exercise of a power so as to cause a transfer of property to a qualified trustee.  (b) A qualified transfer shall require an affidavit from the settlor making the transfer to the trustee of the qualified spendthrift trust in the form provided in W.S. 4-10-523, except that no affidavit shall be required for a transfer under W.S. 4-10-515.  (c) The term "qualified transfer" does not include the release or relinquishment of an interest in property that previously was the subject of a qualified transfer.
WY Stat § 4-10-513 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-513 - Other Qualified Transfers.

4-10-513. Other qualified transfers.| (a) In the case of a transfer to more than one (1) trustee, the transfer will be a qualified transfer if at least one (1) of the trustees is a qualified trustee.  (b) A transfer by a trustee that is not a qualified trustee to a trustee that is a qualified trustee shall be treated as a qualified transfer so long as the recipient trustee is the trustee under a qualified spendthrift trust.
WY Stat § 4-10-514 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-514 - Action Brought Pursuant to Provisions of Uniform Fraudulent Transfer Act.

4-10-514. Action brought pursuant to provisions of Uniform Fraudulent Transfer Act.| Except as provided in W.S. 4-10-518, no action of any kind, including an action to enforce a judgment entered by a court or other body having adjudicative authority, may be brought at law or in equity for an attachment or other provisional remedy against qualified trust property or to set aside a qualified transfer unless the action is brought pursuant to the provisions of the Uniform Fraudulent Transfer Act.
WY Stat § 4-10-515 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-515 - Transfer by a Trustee; Time of Transfer.

4-10-515. Transfer by a trustee; time of transfer.| (a) A qualified transfer by a trustee of a qualified spendthrift trust to a qualified trustee of another qualified spendthrift trust shall relate back to the date of the original qualified transfer.  (b) A transfer of trust property from the trustee of a trust created in another jurisdiction, which provides creditor protection to the settlor similar to that provided in this article, to a trustee of a qualified spendthrift trust shall relate back to the date of the original transfer to the trust created in the other jurisdiction.
WY Stat § 4-10-516 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-516 - Election to Become a Qualified Spendthrift Trust by Existing Trust.

4-10-516. Election to become a qualified spendthrift trust by existing trust.| (a) The settlor, trustee or trust protector of an existing irrevocable trust may elect in writing to treat the trust as a qualified spendthrift trust under this article, and the protection accorded under this article shall relate back to the date of the election subject to extinguishment of a creditor's claim with respect to a prior qualified transfer utilizing the procedures provided in W.S. 4-10-514, if:  (i) The trust is modified nonjudicially under W.S. 4-10-111 to conform to the provisions of W.S. 4-10-510 within one (1) year after the election; or  (ii) A petition is filed under W.S. 4-10-412 to conform to the provisions of W.S. 4-10-510 within thirty (30) days of the election.
WY Stat § 4-10-517 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-517 - Rights of Creditors or Others With Respect to Qualified Spendthrift Trust.

4-10-517. Rights of creditors or others with respect to qualified spendthrift trust.| (a) Notwithstanding any law to the contrary, a creditor or assignee of a settlor of a qualified spendthrift trust, or an agent of a creditor or settlor, has only those rights with respect to the qualified trust property as are provided in W.S. 4-10-514 through 4-10-523 and no creditor, assignee or agent may have any claim or cause of action against the trustee, trust protector, trust advisor or other fiduciary of the trust, or against any person involved in the counseling, drafting, administration, preparation, execution or funding of the trust unless the creditor, assignee or agent can prove by clear and convincing evidence that the transfer of property to the trust was a fraudulent transfer pursuant to the provisions of the Uniform Fraudulent Transfers Act. In the absence of clear and convincing proof, the property transferred is not subject to the claims of the creditor, assignee or agent. Proof by one (1) creditor, assignee or agent that a transfer of property to a qualified spendthrift trust was fraudulent or wrongful does not constitute proof as to any other creditor, assignee or agent and proof of a fraudulent or wrongful transfer of property as to one (1) creditor, assignee or agent shall not invalidate any other qualified transfer of property.  (b) A creditor or assignee of a settlor of a trust or a beneficiary of a qualified spendthrift trust shall have no right to raise a claim for forced heirship or legitime. No creditor, assignee or agent shall have any claim or cause of action for forced heirship or legitime against the trustee, trust protector, trust advisor or other fiduciary of the qualified spendthrift trust or against any person involved in the counseling, drafting, administration, preparation, execution or funding of the trust. Any property transferred to the qualified spendthrift trust is not subject to the claims of a creditor, assignee or agent for forced heirship or legitime.
WY Stat § 4-10-518 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-518 - Actions Prohibited if Action by Creditor Would Be Barred.

4-10-518. Actions prohibited if action by creditor would be barred.| Notwithstanding any other provision of law, no judgment or order upon an action to enforce a judgment, or for relief for conspiracy to commit a fraudulent conveyance, aiding and abetting a fraudulent conveyance or participation in the trust transaction, may be entered by a court or other body having adjudicative authority, or may be brought at law or in equity against the trustee, trust protector, trust advisor or other fiduciary of a qualified spendthrift trust, or against any person involved in the counseling, drafting, preparation, administration, execution or funding of the trust, if, as of the date the action is brought, an action by a creditor or assignee with respect to the trust would be barred under W.S. 4-10-517.
WY Stat § 4-10-519 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-519 - Multiple Qualified Transfers in Same Trust Instrument.

4-10-519. Multiple qualified transfers in same trust instrument.| (a) If more than one (1) qualified transfer is made to the same qualified spendthrift trust:  (i) The making of a subsequent qualified transfer shall be disregarded in determining whether a creditor's claim with respect to a prior qualified transfer is extinguished utilizing the procedures provided in W.S. 4-10-514; and  (ii) Any distribution to a beneficiary other than the settlor shall be deemed to have been made from the qualified trust property attributable to the earliest qualified transfer to the trust, unless a creditor of the settlor is able to prove by clear and convincing evidence otherwise.
WY Stat § 4-10-520 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-520 - Limitations on Qualified Trust Property.

4-10-520. Limitations on qualified trust property.| (a) The provisions of W.S. 4-10-510 through 4-10-523, do not apply in any respect to:  (i) Any person to whom a settlor is indebted on account of an agreement or order of court for the payment of support in favor of the settlor's children if the settlor is in default by thirty (30) or more days of making a payment pursuant to the agreement or order;  (ii) A financial institution with which the settlor has listed qualified trust property on the financial institution's application or financial statement used to obtain or maintain credit from the financial institution other than for the benefit of the qualified spendthrift trust; or  (iii) Property of a qualified spendthrift trust that was transferred to the trust by a settlor who received the property by a fraudulent transfer as defined by the Wyoming Fraudulent Transfers Act.
WY Stat § 4-10-521 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-521 - Avoidance of Qualified Transfer.

4-10-521. Avoidance of qualified transfer.| (a) A qualified transfer to a qualified spendthrift trust is avoided only to the extent necessary to satisfy the settlor's debt to the creditor at whose instance the qualified transfer had been avoided, together with costs, including attorney's fees if otherwise authorized, as the court may allow. If any qualified transfer is avoided as provided in this section, then:  (i) If the court is satisfied that a qualified trustee has not acted in bad faith in accepting or administering the property that is the subject of the qualified transfer:  (A) The qualified trustee has a first and paramount lien against the property that is the subject of the qualified transfer in an amount equal to the entire cost, including attorney's fees, court costs, penalties, fines, fees and other amounts paid or payable, which were properly incurred by the qualified trustee in the defense of the action or proceedings to avoid the qualified transfer. It shall be presumed that the qualified trustee did not act in bad faith merely by accepting the property; and  (B) The qualified transfer is avoided subject to the proper fees, costs, preexisting rights, claims and interests of the qualified trustee, and of any predecessor trustee that has not acted in bad faith.  (ii) If the court is satisfied that a beneficiary of a qualified spendthrift trust has not acted in bad faith, the avoidance of the qualified transfer is subject to the right of the beneficiary to retain any distribution made upon the exercise of a trust power or discretion vested in the qualified trustee of the trust, which power or discretion was properly exercised prior to the creditor's commencement of an action to avoid the qualified transfer. It shall be presumed that the beneficiary, including a beneficiary who is also a settlor of a qualified spendthrift trust, did not act in bad faith merely by creating the trust or by accepting a distribution made in accordance with the terms of the trust.  (b) A creditor shall have the burden of proving by clear and convincing evidence that a trustee or beneficiary of a qualified spendthrift trust acted in bad faith under paragraph (a)(i) or (ii) of this section.
WY Stat § 4-10-522 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-522 - Limitation or Termination of Authority of Trustee Upon Court Decision Not to Apply Wyoming Law.

4-10-522. Limitation or termination of authority of trustee upon court decision not to apply Wyoming law.| If, in any action brought against a trustee of a qualified spendthrift trust, a court takes any action whereby the court declines to apply the law of this state in determining the validity, construction or administration of the trust, or the effect of a spendthrift provision thereof, the trustee may immediately resign without the further order of any court, and cease in all respects to be trustee of the trust. In the event that the trustee does resign and no provision for a successor trustee exists in the trust instrument, the qualified beneficiaries may then petition a Wyoming district court with appropriate jurisdiction to appoint a successor trustee who shall succeed as trustee upon such terms and conditions as the district court determines to be consistent with the purposes of the trust and this act. Upon the trustee's ceasing to be trustee, the trustee shall have no power or authority other than to convey the trust property to the successor trustee named in the trust instrument or appointed by the district court.
WY Stat § 4-10-523 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts|Section 4-10-523 - Qualified Transfer Affidavit.

4-10-523. Qualified transfer affidavit.| (a) A qualified transfer affidavit shall be in writing, sworn to by the settlor, and shall include each of the following statements:  (i) The settlor has full right, title and authority to transfer the property to the qualified spendthrift trust;  (ii) The transfer of the property to the qualified spendthrift trust will not render the settlor insolvent;  (iii) The settlor does not intend to defraud any creditors by transferring the property to the qualified spendthrift trust;  (iv) The settlor does not have any pending or threatened court actions against him, except for those court actions identified in the affidavit;  (v) The settlor is not involved in any administrative proceedings, except for those administrative proceedings identified in the affidavit;  (vi) At the time of the transfer of the property to the qualified spendthrift trust, the settlor is not in default of a child support obligation by more than thirty (30) days;  (vii) The settlor does not contemplate the filing for relief under the provisions of the federal Bankruptcy Code;  (viii) The property transferred to the qualified spendthrift trust was not derived from any unlawful activities;  (ix) The settlor has and shall maintain personal liability insurance of at least one million dollars ($1,000,000.00) or shall provide coverage equal to the fair market value of the settlor's total qualified transfers to qualified spendthrift trusts, whichever is less. This affidavit requirement shall not apply to a qualified transfer to a trust created by a court order under W.S. 3-3-607 or an irrevocable income trust created under W.S. 42-2-403(f)(ii) and 42 U.S.C. 1396p(d)(4)(B).
WY Stat § 4-10-601 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 6 - Revocable Trusts|Section 4-10-601 - Capacity of Settlor of Revocable Trust.

4-10-601. Capacity of settlor of revocable trust.| The capacity required to create, amend, revoke or add property to a revocable trust, or to direct the actions of the trustee of a revocable trust, is the same as that required to make a will.
WY Stat § 4-10-602 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 6 - Revocable Trusts|Section 4-10-602 - Revocation or Amendment of Revocable Trust.

4-10-602. Revocation or amendment of revocable trust.| (a) Unless the terms of a trust expressly provide that the trust is irrevocable, the settlor may revoke or amend the trust.  (b) If a revocable trust is created or funded by more than one (1) settlor:  (i) To the extent the trust consists of community property, the trust may be revoked by either spouse acting alone but may be amended only by joint action of both spouses; and  (ii) To the extent the trust consists of property other than community property, each settlor may revoke the trust with regard to the portion of the trust property attributable to that settlor's contribution; however, the trust may only be amended by joint action of all settlors.  (c) The settlor may revoke or amend a revocable trust:  (i) By substantial compliance with a method provided in the terms of the trust; or  (ii) If the terms of the trust do not provide a method, or the method provided in the trust is not made exclusive, by:  (A) A statement expressly amending or revoking the trust in a writing signed by the settlor or in the settlor's will; or  (B) Any other method manifesting clear and convincing evidence of the settlor's intent.  (d) Upon revocation of a revocable trust, the trustee shall deliver the trust property as the settlor directs.  (e) A settlor's powers with respect to revocation, amendment or distribution of trust property may be exercised by an agent under a power of attorney only to the extent expressly authorized by the terms of the trust or the power of attorney.  (f) Except to the extent otherwise provided in the terms of the trust, a power to revoke a trust includes the power to amend the trust.  (g) A conservator of the settlor or, if no conservator has been appointed, a guardian of the settlor may exercise a settlor's powers with respect to revocation, amendment, or distribution of trust property only with the approval of the court supervising the conservatorship or guardianship and finding that it meets the settlor's purpose or intent in establishing the trust.  (h) A trustee who does not know or have actual knowledge that a trust has been revoked or amended is not liable to the settlor or settlor's successors in interest for distributions made and other actions taken on the assumption that the trust had not been amended or revoked.
WY Stat § 4-10-603 (2021)
2021 Wyoming Statutes|Title 4 - Trusts|Chapter 10 - Uniform Trust Code|Article 6 - Revocable Trusts|Section 4-10-603 - Settlor's Powers; Powers of Withdrawal.

4-10-603. Settlor's powers; powers of withdrawal.| (a) While a trust is revocable and the settlor has capacity to revoke the trust, rights of the beneficiaries are subject to the control of, and the duties of the trustee are owed exclusively to, the settlor.  (b) If a revocable trust has more than one (1) settlor, the duties of the trustee are owed to all of the settlors having capacity to revoke the trust.  (c) Repealed By Laws 2007, Ch. 155, § 5.