Detailed Answer
Under Wyoming law, eligible survivors can bypass formal probate and use the small estate affidavit process to collect and distribute a decedent’s personal property when its total value does not exceed $100,000. This streamlined procedure, governed by Wyo. Stat. § 2-1-201, covers tangible and intangible personal property—bank accounts, vehicles, household goods—but excludes real estate and property subject to lien.
1. Determine Eligibility
- The decedent’s personal property value must be ≤ $100,000. See Wyo. Stat. § 2-1-201.
- No formal probate proceeding is pending or has been opened.
- At least 30 days have passed since the decedent’s death.
- The affiant is an heir, devisee, or creditor 18 or older.
2. Gather Required Information
Before drafting the affidavit, collect:
- Certified copy of the death certificate.
- List of personal property and estimated values.
- Names and addresses of all heirs and known creditors.
- Decedent’s last will and testament, if one exists.
3. Draft and Notarize the Affidavit
Your affidavit must include:
- Decedent’s full name and date of death.
- Affiant’s relationship to the decedent.
- Statement that the total value of personal property is ≤ $100,000.
- Certification that no formal probate is pending.
- Itemized list of personal property with values.
- Notarial acknowledgment.
4. File and Serve
File the completed affidavit with the clerk of district court in the county where the decedent lived. Serve a copy on all heirs and known creditors by certified mail. If no creditor objects within 30 days, you can proceed to collect assets.
5. Collect and Distribute Assets
- Bank and Brokerage Accounts: Present the court-stamped affidavit, death certificate, and issuer forms to the financial institution.
- Vehicles: Submit the affidavit and death certificate to Wyoming Department of Transportation to transfer title.
- Personal Property: Divide items per the decedent’s valid will or, absent a will, under Wyoming’s intestacy rules (Wyo. Stat. §§ 2-4-101 – 2-4-102).
Caveats and Common Pitfalls
- If the estate’s value exceeds $100,000, you must open a formal probate under Wyo. Stat. § 2-1-101.
- This affidavit does not extinguish valid creditor claims—address debts before distributing assets.
- Real property transfers require separate proceedings.
Disclaimer
This article is for informational purposes only and does not constitute legal advice. Consult a licensed attorney for guidance on your specific situation.
Helpful Hints
- Verify the estate’s value with appraisals or account statements.
- Use the district court’s small estate affidavit form if available.
- Keep detailed records of notices and filings.
- Obtain multiple certified copies of the death certificate.
- Consult an attorney when in doubt to avoid mistakes.