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Initially, a decision should be made as to whether to probate the will. A probate will be necessary to transfer the decedent's estate to the heir if the decedent owned assets there were: Located in Wyoming. Worth more than $200,000 (as of the writing of this article, not counting mortgages and other encumbrances)

While probate is the formal process for transferring many types of property after someone's death, many types of property can pass without going through probate. Not all property in which a decedent has an interest is included in the decedent's “probate” estate.

To use the small estate process, the following conditions must be true: The entire WY probate estate has a gross value <$200K. At least 30 days have passed since the death. No petition has already been made to a court in WY to officially appoint a personal representative.

Common Probate Fees in Wyoming Attorney fees (if hired) Personal Representative compensation - Wyoming state law limits Executor fees at a certain percentage (ranging from 3 - 10 percent) based on estate value. That said, there are cases where extraordinary services can warrant additional compensation.

A probate will be necessary to transfer the decedent's estate to the heir if the decedent owned assets there were: Located in Wyoming. Worth more than $200,000 (as of the writing of this article, not counting mortgages and other encumbrances) Held in the decedent's sole name, rather than in a trust or joint tenancy.

Probate of a Small Estate A small estate contains personal property and/or real property, with a combined value of less than $200,000. These small estates are probated with an Affidavit for Distribution and/or an Application for Decree of Distribution.

Generally the summary procedure takes less than a year to complete. If a loved one dies with more than $200,000 of “probatable” assets in his/her estate, the probate process is more involved. The probate process begins with the court appointing a Personal Representative (Executor/Executrix).

In Wyoming, you can make a living trust to avoid probate for virtually any asset you own—real estate, bank accounts, vehicles, and so on.

Wyoming probate follows this general flow: contact the court, get appointed as personal representative, submit will if it exists, inventory and submit valuations of all relevant assets, have the court and beneficiaries approve it, and then distribute the assets to beneficiaries.