{"data":{"id":"us-wy/wyo.-stat.-4-10-523","jurisdiction":"us-wy","citation":"Wyo. Stat. § 4-10-523","heading":"Qualified transfer affidavit.","body":"(a) A qualified transfer affidavit shall be in writing, sworn to by the settlor, and shall include each of the following statements:\n(i) The settlor has full right, title and authority to transfer the property to the qualified spendthrift trust;\n(ii) The transfer of the property to the qualified spendthrift trust will not render the settlor insolvent;\n(iii) The settlor does not intend to defraud any creditors by transferring the property to the qualified spendthrift trust;\n(iv) The settlor does not have any pending or threatened court actions against him, except for those court actions identified in the affidavit;\n(v) The settlor is not involved in any administrative proceedings, except for those administrative proceedings identified in the affidavit;\n(vi) At the time of the transfer of the property to the qualified spendthrift trust, the settlor is not in default of a child support obligation by more than thirty (30) days;\n(vii) The settlor does not contemplate the filing for relief under the provisions of the federal Bankruptcy Code;\n(viii) The property transferred to the qualified spendthrift trust was not derived from any unlawful activities;\n(ix) The settlor has and shall maintain personal liability insurance of at least one million dollars ($1,000,000.00) or shall provide coverage equal to the fair market value of the settlor's total qualified transfers to qualified spendthrift trusts, whichever is less. This affidavit requirement shall not apply to a qualified transfer to a trust created by a court order under W.S. 3-3-607 or an irrevocable income trust created under W.S. 42-2-403(f)(ii) and 42 U.S.C. 1396p(d)(4)(B).","path":["TITLE 4 - TRUSTS","CHAPTER 10 - UNIFORM TRUST CODE","ARTICLE 5 - CREDITOR'S CLAIMS; SPENDTHRIFT AND DISCRETIONARY TRUSTS"],"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":"336622a37ff29b4fa4a308f1bc52dff483a7a798e8f352251622fcf9a34c3e6e","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-4-10-522","next":"us-wy/wyo.-stat.-4-10-601"},"notice":"GroundRules: Original legal text. Not legal advice."}