Bill > HB0330

This bill makes several revisions to Wyoming's probate code, primarily focusing on increasing the monetary threshold for simplified estate administration from $200,000 to $750,000. Specifically, the bill raises the maximum estate value limit in multiple sections of state law, including provisions for payment of indebtedness, collection of creditor claims, summary distribution of property, and probate proceedings for non-resident estates. The bill also adds a new provision clarifying the effectiveness of property disclaimers, stating that a written irrevocable disclaimer will be effective in terminating and passing property interest even if it does not technically qualify as a tax disclaimer. These changes are designed to provide more flexibility and streamline probate processes for estates with higher total values, making it easier for heirs and administrators to settle estates with reduced judicial oversight. The bill will become effective on July 1, 2025, giving legal professionals and potential estate administrators time to prepare for the new guidelines.

https://www.wyoleg.gov/Legislation/2025/HB0330