Probate (and the subsequent administration process) is the procedure used in transferring title to a decedent's assets to the named beneficiaries. Generally speaking, assets will only need to go through this process if a person used a will or died without any estate planning in place. Probate is controlled by state law and the rules governing the probate process can be complicated. Moreover, not all wills need to go through the probate process and you may be able to save a great deal of time and money if your assets qualify for summary distribution. All executors and personal representatives handling estates in Wyoming should retain qualified Wyoming probate attorneys to assist them with determining the appropriate action to take.
If your loved one set up a fully funded trust, then you should not have to formally administer an estate through the probate process described above. In this case, the successor trustee will administer the trust without Court oversight. Being a trustee, however, carries a great deal of responsibility and an unwary trustee may find that their actions have subjected them to significant liability. Unless you have professional experience administering a trust, all trustees should seek Wyoming trust administration attorneys.
On the other hand, if you are a beneficiary of a trust, you likely have important rights that the trustee must respect. If you are a trust beneficiary and you feel that the trustee has not treated you fairly, please contact our trust administration attorneys to discuss the matter.
No matter what situation you find yourself in, we can help you navigate the transfer of assets, your duties as trustee, or your rights as a beneficiary so that you can focus on the more important aspects of coping with the loss of a loved one. If you need the assistance of Wyoming probate attorneys or Wyoming trust administration attorneys in Cheyenne, WY, contact us today to schedule a free consultation.