On Mar. 19, 2025, WY LEG governor signed bill, assigned Chapter 168, effective Jul. 1.
On Mar. 4, WY LEG issued bill on estate probate values.
WY LEG passed SF 104 to amend maximum values for certain proceedings relating to the probate of estates, and clarify the effect of certain disclaimers of property estates.
Amends Probate code WY LEG 2-18-103(b) through modification of existing language.
Bill Provisions
Debts or property of a decedent to be released to heirs with an affidavit if the Wyoming property is valued at $400,000 or less after liens, increased from $200,000.
The estate value threshold for summary distribution was previously $200,000 but has now been increased to $400,000 of value after exclusion of liens and encumbrances.
Estate value threshold for dispensing with probate for nonresident estates was previously $200,000 but has now increased to $400,000 after liens, encumbrances.
A written irrevocable disclaimer is valid even if it doesn’t meet tax qualifications, as long as the disclaiming party acknowledges this in writing at or before the disclaimer.
Legislative History
On Jan. 13, 2025, bill introduced in Senate; on Feb. 6, 2025, bill passed in the Senate.
On Feb. 6, 2025, bill introduced in House; on Mar. 4, 2025, bill passed in the House.
On Mar. 4, 2025, assigned SEA 0085; and is awaiting governor signature, enrollment.
Effectiveness
If enacted by governor, Bill SF 104 will become effective on Jul. 1, 2025.
Mar. 2025 WY LEG Governor Approval
On Mar. 19, 2025, WY LEG governor signed bill, assigned Chapter 168, effective Jul. 1.
Regulators
WY LEG
Entity Types
CNSM; Corp; Fiduciary
Reference
Ch. 168, 3/19/2025; Bill SF0104, 3/4/2025; Citation: WY LEG 2-18-103(b);
