Wyoming Renunciation of Legacy in Favor of Other Family Members
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How to fill out Renunciation Of Legacy In Favor Of Other Family Members?
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FAQ
If you own property jointly with someone else, and this ownership includes the "right of survivorship," then the surviving owner automatically owns the property when the other owner dies.
If you die intestate in Wyoming, which is not a community property state, what your surviving spouse inherits depends on whether or not you have living descendants. Living descendants would include children, grandchildren, and great-grandchildren. If you don't, your spouse will inherit all your intestate property.
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)
The Affidavit of Survivorship may generally be used if: There is a piece of real estate located in Wyoming that was owned by: husband and wife as tenancy by the entirety; or by two or more people as joint tenants with right of survivorship.
Section 34-1-140 - Establishing joint tenancy or tenancy by entirety in real or personal property (a) A joint tenancy or a tenancy by the entirety as to any interest in real or personal property may be established by the owner thereof, by designating in the instrument of conveyance or transfer, the names of such joint ...
(a)A deed that conveys an interest in real property, including any debt secured by a lien on real property, to a grantee beneficiary designated by the owner and that expressly states that the deed is effective on the death of the owner transfers the deceased owner's interest to the grantee beneficiary designated by ...
(c) A transfer on death deed may designate a successor grantee beneficiary. If the transfer on death deed designates a successor grantee beneficiary, the deed must state the condition on which the interest of the successor grantee beneficiary would vest.
2-1-201. Payment of indebtedness and delivery of tangible personal property or instruments evidencing debt. (B) The title of the proceedings and name of the court and jurisdiction in which the application was made.
