The bill amends the Wyoming probate code to increase the maximum value of estates that can be processed through simplified procedures. Specifically, it raises the threshold from $200,000 to $400,000 for various proceedings related to the probate of estates, including the payment of debts, collection of claims by creditors, and summary distribution of property. This change applies to both residents and nonresidents of Wyoming, allowing for a more streamlined process for estates that fall under this new valuation limit.

Additionally, the bill introduces a new provision regarding disclaimers of property interests. It allows for a written irrevocable disclaimer to be effective in terminating and passing an interest in property, even if it does not qualify as a disclaimer for federal or tax purposes, provided that the disclaiming party acknowledges this in writing. The effective date for these changes is set for July 1, 2025.

Statutes affected:
Introduced: 2-1-201, 2-1-204, 2-1-205, 2-1-403, 2-11-201, 2-11-202
Engrossed: 2-1-201, 2-1-204, 2-1-205, 2-1-403, 2-11-201, 2-11-202