Extract Data From Legal Wyoming Small Estates Forms For Free

In Wyoming, the following assets are subject to probate: Solely-owned property: Any asset that was solely owned by the deceased person with no designated beneficiary is subject to probate. This could include bank accounts, cars, houses, personal belongings, and business interests.

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) Held in the decedent's sole name, rather than in a trust or joint tenancy.

In Wyoming, the cost for probate can range from $1,800 to $5,950 or more. The actual cost can vary greatly depending on whether the estate is simple or complex, and whether there are any legal disputes over the will or estate.

Fill & Sign Click to fill, edit and sign this form now! Updated on September 17th, 2022. A Wyoming small estate affidavit is a document that speeds up the settlement of a recently deceased person's estate, as long as the value of the entire estate is less than $200,000.

In Wyoming, the executor has three months from the date of their appointment to notify creditors, who then have up to three months to make claims against the estate for any debts owed. Paying Debts and Taxes: After notifying the creditors, the executor must then pay off any valid claims from the estate's assets.

Simplified Probate: Summary Procedure You can use summary procedure in Wyoming if the value of the entire estate, including real estate and mineral interests, less liens and encumbrances, is $200,000 or less. You must wait 30 days after the death before using this procedure.