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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Wyoming Statutes Title 4. Trusts § 4-10-519. Multiple qualified transfers in same trust instrument - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-4-trusts/wy-st-sect-4-10-519/
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