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 Repealed By Laws 2003, Ch. 124, § 3. 4-8-102. Repealed By Laws 2003, Ch. 124, § 3. 4-8-103. Repealed By Laws 2003, Ch. 124, § 3. 4-8-104. Repealed By Laws 2003, Ch. 124, § 3. 4-8-105. Repealed By Laws 2003, Ch. 124, § 3. 4-8-106. Repealed By Laws 2003, Ch. 124, § 3. 4-8-107. Repealed By Laws 2003, Ch. 124, § 3. 4-8-108. Repealed By Laws 2003, Ch. 124, § 3. 4-8-109. Repealed By Laws 2003, Ch. 124, § 3. 4-8-110.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
4-10-516. 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.
Your wording
Your change, as a redline
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.
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.