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Title 2 Wills, Decedents' Estates and Probate Code

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Change 1

What to do with it
As published

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.

Your change, as a redline

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.

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Who it helps, what it costs, what it fixes. It is what persuades people to support it.

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