Election to become a qualified spendthrift trust by existing trust.

Wyo. Stat. Ann. § 4-10-516
in effect
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(a) The settlor, trustee or trust protector of an existing irrevocable trust may elect in writing to treat the trust as a qualified spendthrift trust under this article, and the protection accorded under this article shall relate back to the date of the election subject to extinguishment of a creditor's claim with respect to a prior qualified transfer utilizing the procedures provided in W.S. 4-10-514, if: (i) The trust is modified nonjudicially under W.S. 4-10-111 to conform to the provisions of W.S. 4-10-510 within one (1) year after the election; or (ii) A petition is filed under W.S. 4-10-412 to conform to the provisions of W.S. 4-10-510 within thirty (30) days of the election.
Source: WY Statutes (Official Site)URL: https://wyoleg.gov/statutes/compress/title04.pdfFetched: 10/4/2026

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