How to Distribute Estate Assets to Heirs Using a Small Estate Affidavit in WY | Wyoming Probate | FastCounsel
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How to Distribute Estate Assets to Heirs Using a Small Estate Affidavit in WY

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.

The information on this site is for general informational purposes only, may be outdated, and is not legal advice; do not rely on it without consulting your own attorney.