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Children in Wyoming Inheritance Law If you have a surviving spouse and descendants, your spouse inherits half of your intestate property and your descendants inherit the other half. If you have children but no spouse, your children will inherit all your intestate property.
A will contest cannot be initiated until a will has been filed with the probate court and admitted to probate. The objectant must then file a written objection with the same probate court. The objection must state the reasons for the objection, and it must ask the court to revoke probate. Wy.
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)
Settling an Estate in Wyoming A petition to open probate is filed with the court. The court appoints a personal representative or executor to manage the estate. The executor must notify the heirs and creditors of the death of the person. The assets must be accounted for, secured, and inventoried.
A Letter of Appointment of Executor helps prove you have been put in charge of someone's estate after they have passed away. As Executor, you've been given the duty to manage the estate and carry out the directions of the will; however, a court may require official documentation.
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. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).
The probate process begins when the decedent passes away. A petition is filed with the proper court to have probate opened. The next step is to identify the executor or personal representative of the decedent's estate. If there is a Will, an executor will likely be named in it.
Letters of Testamentary, also called Letters of Administration or Letters of Representation, is a document issued by the probate court. The document grants the authority to an estate administrator, executor or personal representative to manage the deceased taxpayer's affairs and estate.