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Section 4-10-519 - Multiple Qualified Transfers in Same Trust Instrument — Wyoming Law | CourtGPT
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  7. Section 4-10-519 - Multiple Qualified Transfers in Same Trust Instrument
Wyoming Legal Code

Section 4-10-519 - Multiple Qualified Transfers in Same Trust Instrument

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4-10-519. Multiple qualified transfers in same trust instrument. (a) If more than one (1) qualified transfer is made to the same qualified spendthrift trust: (i) The making of a subsequent qualified transfer shall be disregarded in determining whether a creditor's claim with respect to a prior qualified transfer is extinguished utilizing the procedures provided in W.S. 4-10-514; and (ii) Any distribution to a beneficiary other than the settlor shall be deemed to have been made from the qualified trust property attributable to the earliest qualified transfer to the trust, unless a creditor of the settlor is able to prove by clear and convincing evidence otherwise.

4-10-519. Multiple qualified transfers in same trust instrument. (a) If more than one (1) qualified transfer is made to the same qualified spendthrift trust: (i) The making of a subsequent qualified transfer shall be disregarded in determining whether a creditor's claim with respect to a prior qualified transfer is extinguished utilizing the procedures provided in W.S. 4-10-514; and (ii) Any distribution to a beneficiary other than the settlor shall be deemed to have been made from the qualified trust property attributable to the earliest qualified transfer to the trust, unless a creditor of the settlor is able to prove by clear and convincing evidence otherwise.