Wyoming Compromise of Creditor's Claim against Estate by Payment of Cash and Conveying of Real Property

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Generally speaking, any creditors of a decedent at the time of his death can file a claim against the decedent's estate. The executor of the estate has a duty to pay any creditors that make a legitimate claim against the estate before distributing assets to the decedent's heirs. The process the estate goes through probate and how creditors are allowed to file claims is governed by state law.

This form is a settlement of certain claims against the estate.

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FAQ

A will is a legal document that sets forth your wishes regarding the distribution of your property and the care of any minor children. If you die without a will, those wishes may not be carried out.

A will is a legally enforceable declaration of how a person wishes his or her property to be distributed after death. In a will, a person can also recommend a guardian for your children and make other provisions that might be otherwise be left to the Court and Probate Judge.

A will, also known as a last will and testament, is a legally enforceable declaration of how a person wants their property and assets distributed after death. In a will, a person can also recommend a guardian for their minor children and make provisions for any surviving pets.

In Wyoming, Stand Your Ground is recognized under Wyoming Statute 6-2-602. This law states that a person is justified in using deadly force if they reasonably believe that such force is necessary to protect themselves or others from imminent death or serious bodily harm.

A Wyoming small estate affidavit, or 'Wyoming Affidavit of Collection of Estate Assets', is a form that may be used to shorten the process for settling the estate of a deceased resident (decedent). Thirty (30) days must pass after the death before the affidavit can be used.

A will, or a last will and testament, is a legal document that describes how you would like your property and other assets to be distributed after your death.

Probate is when the court supervises the processes that transfer legal title of property from the estate of the person who has died (the "decedent") to his or her beneficiaries.

Wyoming Statute 34-1-142 requires a statement of consideration be completed whenever a deed, contract or other document transferring legal title is recorded. Information such as the date of sale, purchase price, terms of sale, etc. are required.

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Wyoming Compromise of Creditor's Claim against Estate by Payment of Cash and Conveying of Real Property