Title 04 · WY
4-10-602, a person who under this article may represent a
Citation: Wyo. Stat. § 4-10-602
Section: 4-10-602
4-10-602, a person who under this article may represent a settlor who lacks capacity may receive notice and give a binding consent on the settlor's behalf.
(d) A settlor may not represent and bind a beneficiary under this article with respect to the termination or modification of a trust under W.S. 4-10-412(a).
4-10-302. Representation by holder of a power of appointment.
The holder of a power of appointment may represent and bind persons whose interests, as permissible appointees, takers in default, or otherwise, are subject to the power.
4-10-303. Representation by fiduciaries and parents.
(a) To the extent there is no conflict of interest between the representative and the person represented or among those being represented with respect to a particular question or dispute:
(i) A conservator may represent and bind the estate that the conservator controls;
(ii) A guardian may represent and bind the ward if a conservator of the ward's estate has not been appointed;
(iii) An agent having authority to act with respect to the particular question or dispute may represent and bind the principal;
(iv) A trustee may represent and bind the beneficiaries of the trust;
(v) A personal representative of a decedent's estate may represent and bind persons interested in the estate;
(vi) A parent with primary legal custody may represent and bind each of the parent's minor or incapacitated children if no legal representative has been appointed by a court for that child, unborn children of that parent, the unborn descendants of each child, and each minor or incapacitated descendant of each child if no legal representative has been appointed by a court for that descendant, to the extent there is no conflict of interest between the parent and the person or class of persons represented with respect to a particular question or dispute; and
(vii) A beneficiary who is not a qualified beneficiary shall be represented and bound by the decisions, actions and omissions of the qualified beneficiary through whom, or by reason of whose death or exercise of a power of appointment, the beneficiary will receive his interest, if any, in the trust, including without limitations for the purposes of W.S. 4-10-802, 4-10-813, 4-10-1005 and 4-10-1009.
(b) A trustee may rely on a certificate of the fiduciary described in paragraphs (a)(i) through (v) of this section with regard to whether or not any such conflict of interest exists.
4-10-304. Representation by person having substantially identical interest.
Unless otherwise represented, a minor, incapacitated or unborn individual, or a person whose identity or location is unknown and not reasonably ascertainable, may be represented by and bound by another having a substantially identical interest with respect to the particular question or dispute, but only to the extent there is no conflict of interest between the representative and the person represented.
4-10-305. Appointment of representative.
(a) If the court determines that an interest is not represented under this article, or that the otherwise available representation might be inadequate, the court may appoint a representative to receive notice, give consent and otherwise represent, bind and act on behalf of a minor, incapacitated or unborn individual, or a person whose identity or location is unknown. A representative may be appointed to represent several persons or interests.
(b) A representative may act on behalf of the individual represented with respect to any matter arising under this act, whether or not a judicial proceeding concerning the trust is pending.
(c) In making decisions, a representative may consider general benefit accruing to the living members of the individual's family.
ARTICLE 4 - CREATION, VALIDITY, MODIFICATION AND TERMINATION OF TRUST
4-10-401. Methods of creating trust.
(a) A trust may be created by:
(i) Transfer of property to another person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death;
(ii) Declaration by the owner of property that the owner holds identifiable property as trustee;
(iii) Exercise of a power of appointment in favor of a trustee;
(iv) The court as provided in W.S. 3-3-607(a)(vi); or
(v) An agent under a power of attorney where the express authority is designated with the appointment document and where the trust directs distribution upon the settlor's death consistent with an existing will or other testamentary instrument or in absence thereof in accordance with the law of intestate succession as provided in W.S. 2-4-101.
4-10-402. Title of trust property.
(a) Property transferred to a trust shall be titled:
(i) If it is real property, in accordance with W.S.