Change 1 Article Choose an article 4-1-101. Renumbered by Laws 1979, ch. 142, § 3. 4-1-102. Renumbered by Laws 1979, ch. 142, § 3. 4-1-103. Renumbered by Laws 1979, ch. 142, § 3. 4-1-104. Renumbered by Laws 1979, ch. 142, § 3. 4-1-105. Renumbered by Laws 1979, ch. 142, § 3. 4-1-106. Renumbered by Laws 1979, ch. 142, § 3. 4-1-107. Renumbered by Laws 1979, ch. 142, § 3. 4-1-108. Renumbered by Laws 1979, ch. 142, § 3. 4-1-109. Renumbered by Laws 1979, ch. 142, § 3. 4-1-110. Renumbered by Laws 1979, ch. 142, § 3. 4-1-111. Renumbered by Laws 1979, ch. 142, § 3. 4-2-101. Renumbered by Laws 1979, ch. 142, § 3. 4-2-102. Renumbered by Laws 1979, ch. 142, § 3. 4-2-103. Renumbered by Laws 1979, ch. 142, § 3. 4-2-104. Renumbered by Laws 1979, ch. 142, § 3. 4-2-105. Renumbered by Laws 1979, ch. 142, § 3. 4-2-106. Renumbered by Laws 1979, ch. 142, § 3. 4-2-107. Renumbered by Laws 1979, ch. 142, § 3. 4-2-108. Renumbered by Laws 1979, ch. 142, § 3. 4-2-109. Renumbered by Laws 1979, ch. 142, § 3. 4-2-110. Renumbered by Laws 1979, ch. 142, § 3. 4-2-111. Renumbered by Laws 1979, ch. 142, § 3. 4-3-101. Renumbered by Laws 1979, ch. 142, § 3. 4-3-102. Renumbered by Laws 1979, ch. 142, § 3. 4-3-103. Renumbered by Laws 1979, ch. 142, § 3. 4-3-104. Renumbered by Laws 1979, ch. 142, § 3. 4-3-105. Renumbered by Laws 1979, ch. 142, § 3. 4-4-101. Renumbered by Laws 1979, ch. 142, § 3. 4-4-102. Renumbered by Laws 1979, ch. 142, § 3. 4-4-103. Renumbered by Laws 1979, ch. 142, § 3. 4-5-101. Renumbered by laws 1979, ch. 142, §§ 2, 3. 4-5-102. Renumbered by laws 1979, ch. 142, §§ 2, 3. 4-5-103. Renumbered by laws 1979, ch. 142, §§ 2, 3. 4-5-104. Renumbered by laws 1979, ch. 142, §§ 2, 3. 4-6-101. Renumbered by Laws 1979, ch. 142, § 3. 4-6-102. Renumbered by Laws 1979, ch. 142, § 3. 4-6-103. Renumbered by Laws 1979, ch. 142, § 3. 4-6-104. Renumbered by Laws 1979, ch. 142, § 3. 4-6-105. Renumbered by Laws 1979, ch. 142, § 3. 4-6-106. Renumbered by Laws 1979, ch. 142, § 3. 4-7-101. Renumbered by Laws 1979, ch. 142, § 3. 4-7-102. Renumbered by Laws 1979, ch. 142, § 3. 4-7-103. Renumbered by Laws 1979, ch. 142, § 3. 4-8-101. Repealed By Laws 2003, Ch. 124, § 3. 4-8-102. Repealed By Laws 2003, Ch. 124, § 3. 4-8-103. Repealed By Laws 2003, Ch. 124, § 3. 4-8-104. Repealed By Laws 2003, Ch. 124, § 3. 4-8-105. Repealed By Laws 2003, Ch. 124, § 3. 4-8-106. Repealed By Laws 2003, Ch. 124, § 3. 4-8-107. Repealed By Laws 2003, Ch. 124, § 3. 4-8-108. Repealed By Laws 2003, Ch. 124, § 3. 4-8-109. Repealed By Laws 2003, Ch. 124, § 3. 4-8-110. Repealed By Laws 2003, Ch. 124, § 3. 4-8-111. Repealed By Laws 2003, Ch. 124, § 3. 4-8-112. Repealed By Laws 2003, Ch. 124, § 3. 4-9-101. Repealed By Laws 2003, Ch. 124, § 3. 4-9-102. Repealed By Laws 2003, Ch. 124, § 3. 4-9-103. Repealed By Laws 2003, Ch. 124, § 3. 4-9-104. Repealed By Laws 2003, Ch. 124, § 3. 4-9-105. Repealed By Laws 2003, Ch. 124, § 3. 4-9-106. Repealed By Laws 2003, Ch. 124, § 3. 4-9-107. Repealed By Laws 2003, Ch. 124, § 3. 4-9-108. Repealed By Laws 2003, Ch. 124, § 3. 4-9-109. Repealed By Laws 2003, Ch. 124, § 3. 4-9-110. Repealed By Laws 2003, Ch. 124, § 3. 4-9-111. Repealed by Laws 2003, Chapter 124, § 3. 4-9-112. Repealed By Laws 2003, Ch. 124, § 3. 4-9-113. Repealed By Laws 2003, Ch. 124, § 3. 4-10-101. Short title. 4-10-102. Scope. 4-10-103. Definitions. 4-10-104. Knowledge. 4-10-105. Default and mandatory rules. 4-10-106. Common law of trusts; principles of equity. 4-10-107. Governing law. 4-10-108. Principal place of administration; governing law for administering trusts. 4-10-109. Methods and waiver of notice. 4-10-110. Others treated as qualified beneficiaries. 4-10-111. Nonjudicial settlement agreements. 4-10-112. Insurable interest of trustee. 4-10-201. Role of court in administration of trust. 4-10-202. Jurisdiction over fiduciary and beneficiary. 4-10-203. Subject matter jurisdiction. 4-10-204. Venue. 4-10-205. Sealing and availability of documents. 4-10-301. Representation; basic effect. 4-10-302. Representation by holder of a power of appointment. 4-10-303. Representation by fiduciaries and parents. 4-10-304. Representation by person having substantially identical interest. 4-10-305. Appointment of representative. 4-10-401. Methods of creating trust. 4-10-402. Title of trust property. 4-10-403. Requirements for creation. 4-10-404. Trusts created in other jurisdictions. 4-10-405. Trust purposes. 4-10-406. Charitable purposes; enforcement. 4-10-407. Creation of trust induced by fraud, duress or undue influence. 4-10-408. Evidence of oral trust. 4-10-409. Trust for care of animal. 4-10-410. Noncharitable trust without ascertainable beneficiary. 4-10-411. Modification or termination of trust; proceedings for approval or disapproval. 4-10-412. Modification or termination of noncharitable irrevocable trust by consent. 4-10-413. Modification or termination because of 4-10-414. Cy pres. 4-10-415. Modification or termination of uneconomic trust. 4-10-416. Reformation to correct mistakes. 4-10-417. Modification to achieve settlor's tax objectives. 4-10-418. Combination and division of trusts. 4-10-501. Rights of beneficiary's creditor or assignee. 4-10-502. Spendthrift provision. 4-10-503. Exceptions to spendthrift provision. 4-10-504. Discretionary trusts; effect of standard. 4-10-505. Standards of distribution. 4-10-505.1. Power of appointment or withdrawal; claims of power holder's creditors. 4-10-506. Creditor's claim against settlor. 4-10-507. Limitation on action by creditors. 4-10-507.1. Enforcement of foreign judgments; liability for compliance. 4-10-508. Overdue mandatory distribution. 4-10-509. Personal obligations of trustee. 4-10-510. Creation of qualified spendthrift trust. 4-10-511. Qualified trust property. 4-10-512. Qualified transfers; exception. 4-10-513. Other qualified transfers. 4-10-514. Action brought pursuant to provisions of Uniform Fraudulent Transfer Act. 4-10-515. Transfer by a trustee; time of transfer. 4-10-516. Election to become a qualified spendthrift trust by existing trust. 4-10-517. Rights of creditors or others with respect to qualified spendthrift trust. 4-10-518. Actions prohibited if action by creditor would be barred. 4-10-519. Multiple qualified transfers in same trust instrument. 4-10-520. Limitations on qualified trust property. 4-10-521. Avoidance of qualified transfer. 4-10-522. Limitation or termination of authority of trustee upon court decision not to apply Wyoming law. 4-10-523. Qualified transfer affidavit. 4-10-601. Capacity of settlor of revocable trust. 4-10-602. Revocation or amendment of revocable trust. 4-10-603. Settlor's powers; powers of withdrawal. 4-10-604. Limitation on action contesting validity of revocable trust; distribution of trust property. 4-10-701. Accepting or declining trusteeship. 4-10-702. Trustee's bond. 4-10-703. Cotrustees. 4-10-704. Vacancy in trusteeship; appointment of successor. 4-10-705. Resignation of trustee. 4-10-706. Removal of trustee. 4-10-707. Delivery of property by former trustee. 4-10-708. Compensation of trustee. 4-10-709. Reimbursement of expenses. 4-10-710. Trust protector. 4-10-711. Trust protector as a fiduciary. 4-10-712. Trust advisor. 4-10-713. Trust advisor as a fiduciary. 4-10-714. Trust advisor and trust protector subject to district court jurisdiction. 4-10-715. No duty to review actions of trust advisor or trust protector. 4-10-716. Power of trust advisor and trust protector to act after death or incapacity of grantor. 4-10-717. Fiduciary's liability for action or inaction of trust advisor and trust protector. 4-10-718. Directed trusts. 4-10-801. Duty to administer trust. 4-10-802. Duty of loyalty. 4-10-803. Impartiality. 4-10-804. Prudent administration. 4-10-805. Costs of administration. 4-10-806. Trustee's skills. 4-10-807. Delegation by trustee. 4-10-808. Powers to direct. 4-10-809. Control and protection of trust property. 4-10-810. Record keeping and identification of trust property. 4-10-811. Enforcement and defense of claims. 4-10-812. Collecting trust property. 4-10-813. Duty to inform and report. 4-10-814. Discretionary powers; tax savings; distribution limitations. 4-10-815. General powers of trustee. 4-10-816. Specific powers of trustee. 4-10-817. Distribution upon termination. 4-10-901. Prudent investor rule; definitions. 4-10-902. Standard of care; portfolio strategy; risk and return objectives. 4-10-903. Diversification. 4-10-904. Duties at inception of trusteeship. 4-10-905. Loyalty. 4-10-906. Impartiality. 4-10-907. Investment costs. 4-10-908. Reviewing compliance. 4-10-909. Delegation of investment and management functions. 4-10-910. Language invoking standard of this article. 4-10-911. Application to public funds of the state of Wyoming. 4-10-912. Repealed by Laws 2019, ch. 135, § 1. 4-10-913. Short title. 4-10-1001. Remedies for breach of trust. 4-10-1002. Damages for breach of trust. 4-10-1003. Damages in absence of breach. 4-10-1004. Attorney's fees and costs. 4-10-1005. Limitation of action against fiduciary. 4-10-1006. Reliance on trust instrument. 4-10-1007. Event affecting administration or distribution. 4-10-1008. Exculpation of fiduciaries. 4-10-1009. Beneficiary's consent, release or ratification. 4-10-1010. Limitation on personal liability of fiduciary. 4-10-1011. Liability of successor fiduciaries for actions of predecessor. 4-10-1012. Interest of trustee as general partner. 4-10-1013. Protection of person dealing with fiduciary. 4-10-1014. Certification or affidavit of trust. 4-10-1101. Uniformity of application and construction. 4-10-1102. Electronic records and signatures. 4-10-1103. Application to existing relationships.
What to do with it
As published
4-10-403. Requirements for creation.
(a) A trust is created only if:
(i) The settlor has capacity to create a trust;
(ii) The settlor indicates an intention to create the trust;
(iii) The trust has a definite beneficiary or is:
(A) A charitable trust;
(B) A trust for the care of an animal, as provided in W.S. 4-10-409; or
(C) A trust for a noncharitable purpose, as provided in W.S. 4-10-410.
(iv) The trustee has duties to perform; and
(v) The same person is not the sole trustee and sole beneficiary.
(b) A beneficiary is definite if the beneficiary can be ascertained now or in the future, subject to W.S. 34-1-139.
(c) A power in a trustee, trust advisor, trust protector or other party designated in the trust instrument to select a beneficiary from an indefinite class is valid. If the power is not exercised within a reasonable time, the power fails and the property subject to the power passes to the persons who would have taken the property had the power not been conferred.
Your wording
Your change, as a redline
4-10-403. Requirements for creation.
(a) A trust is created only if:
(i) The settlor has capacity to create a trust;
(ii) The settlor indicates an intention to create the trust;
(iii) The trust has a definite beneficiary or is:
(A) A charitable trust;
(B) A trust for the care of an animal, as provided in W.S. 4-10-409; or
(C) A trust for a noncharitable purpose, as provided in W.S. 4-10-410.
(iv) The trustee has duties to perform; and
(v) The same person is not the sole trustee and sole beneficiary.
(b) A beneficiary is definite if the beneficiary can be ascertained now or in the future, subject to W.S. 34-1-139.
(c) A power in a trustee, trust advisor, trust protector or other party designated in the trust instrument to select a beneficiary from an indefinite class is valid. If the power is not exercised within a reasonable time, the power fails and the property subject to the power passes to the persons who would have taken the property had the power not been conferred.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.