Wyoming: What Happens to Mortgage Payments and Utilities During Probate
Detailed Answer Short answer: When someone dies owning a home in Wyoming, mortgage lenders and utility companies generally expect payments to continue. The personal representative (executor/administrator) who manages the probate estate has primary responsibility for protecting estate property and paying valid debts from estate assets. Heirs normally do not become personally liable for the mortgage […]
Read article →Wyoming: How to Decide Which Assets to List on a Small Estate Affidavit
How to decide which assets to list on a Wyoming small estate affidavit FAQ: If someone dies and you plan to use Wyoming’s small estate affidavit process, which property must you list—and which items can you leave off or list as zero? Short answer List every item of the decedent’s personal property that is subject […]
Read article →Locating a Missing Parent as Next-of-Kin in Wyoming: Probate Guidance
Detailed Answer: Locating an Absent Parent When You Are Next-of-Kin — Wyoming Guidance If you are serving as a next-of-kin in a Wyoming probate matter and a parent cannot be located, you must take practical steps to find the person and follow the probate rules for giving legal notice or obtaining court permission to proceed […]
Read article →Wyoming: Do Assets That Passed by Right of Survivorship Need to Be on an Estate Inventory?
Short answer Generally no. Assets that passed automatically to a surviving owner by right of survivorship (for example, joint tenancy or a survivorship account) usually transfer outside of probate and are not part of the decedent’s probate estate. Because an estate inventory usually lists only property subject to probate administration, those nonprobate assets normally do […]
Read article →Wyoming: How to Confirm Bank Accounts Are Under the $20,000 Small‑Estate Limit
Can you use Wyoming’s small estate procedure when the decedent’s bank accounts total $20,000 or less? Short answer: Under Wyoming law, a simplified transfer for small estates is available when the decedent’s personal property subject to administration falls at or below the statutory limit (commonly referenced as $20,000). To confirm whether a specific bank account […]
Read article →Using a Small‑Estate Affidavit in Wyoming to Claim a Deceased Parent's Bank Account
Overview — Using a small-estate affidavit in Wyoming This FAQ explains what a small-estate affidavit is, how the process typically works in Wyoming, and practical steps you can take if you think you can use one to claim a deceased parent’s bank account. The explanation uses simple hypothetical facts to show how the steps play […]
Read article →Wyoming — Filing a Federal Estate Income Tax Return When No Distributions Were Made
Detailed answer — federal filing obligations for an estate when no distributions were made When a person dies, the decedent’s assets often move through an estate or trust before final distribution. Whether the estate must file a federal income tax return (Form 1041, U.S. Income Tax Return for Estates and Trusts) does not depend on […]
Read article →How to Transfer Brokerage Account Assets into an Estate Checking Account in Wyoming
Transferring a Deceased Person’s Brokerage Assets into an Estate Checking Account — Wyoming Disclaimer: This is general information, not legal advice. I am not a lawyer. For guidance tailored to your situation, consult a Wyoming probate attorney. Detailed answer: how the transfer works under Wyoming law When a person who owned a brokerage account dies, […]
Read article →Selling a Co‑Owned Property in Wyoming to Cover Funeral and Property Taxes — FAQ
Detailed answer — how co‑owned real estate sales work in Wyoming Short answer: If co‑owners agree, any co‑owner can sell the entire property only with everyone’s consent. If you cannot reach agreement, a court can order a forced sale (partition by sale) and the sale proceeds pay liens and valid claims (mortgages, property taxes, approved […]
Read article →Wyoming — Where Will the Sale Proceeds from My Father’s House Go?
Detailed Answer When a house owned by a parent is sold, the buyer’s money (the sale proceeds) ends up in one of a few places depending on how the property was owned and whether the owner died owning the property free of a survivorship arrangement. Under Wyoming law the most common outcomes are: Passed immediately […]
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