{"data":{"id":"us-wy/wyo.-stat.-4-10-403","jurisdiction":"us-wy","citation":"Wyo. Stat. § 4-10-403","heading":"Requirements for creation.","body":"(a) A trust is created only if:\n(i) The settlor has capacity to create a trust;\n(ii) The settlor indicates an intention to create the trust;\n(iii) The trust has a definite beneficiary or is:\n(A) A charitable trust;\n(B) A trust for the care of an animal, as provided in W.S. 4-10-409; or\n(C) A trust for a noncharitable purpose, as provided in W.S. 4-10-410.\n(iv) The trustee has duties to perform; and\n(v) The same person is not the sole trustee and sole beneficiary.\n(b) A beneficiary is definite if the beneficiary can be ascertained now or in the future, subject to W.S. 34-1-139.\n(c) A power in a trustee, trust advisor, trust protector or other party designated in the trust instrument to select a beneficiary from an indefinite class is valid. If the power is not exercised within a reasonable time, the power fails and the property subject to the power passes to the persons who would have taken the property had the power not been conferred.","path":["TITLE 4 - TRUSTS","CHAPTER 10 - UNIFORM TRUST CODE","ARTICLE 4 - CREATION, VALIDITY, MODIFICATION AND TERMINATION OF TRUST"],"source_url":"https://wyoleg.gov/statutes/compress/title04.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:31Z","sha256":"729205dc36b7518753406fba35172e01aef0e18eaf08e597b46b82479ef3bb73","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-4-10-402","next":"us-wy/wyo.-stat.-4-10-404"},"notice":"GroundRules: Original legal text. Not legal advice."}