Settling an estate in Wyoming means gathering the assets, notifying creditors, paying debts and taxes, and distributing what remains to the beneficiaries. Assets in a living trust settle privately without the court. An estate that needs probate takes 6 months to 12 months on average, and the creditor claim period of 3 monthsWyo. Stat. § 2-7-703Verified Sep 9, 2026View source is the floor. In a probate case the inventory of estate assets is due within 120 daysW.S. §§ 2-7-403, 2-7-404, 2-7-410Verified Sep 15, 2026View source of appointment, and Wyoming requires a formal appraisalW.S. §§ 2-7-403, 2-7-404, 2-7-410Verified Sep 15, 2026View source.
Wyoming has no single statewide fill-in petition; the opening document is prepared to statute and filed with the District CourtWyo. Stat. Ann. §§ 2-2-101 (jurisdiction), 2-6-201 (petition to probate will), 2-4-205 (petition for letters of administration), 2-3-101 to 2-3-111 (oath & bond)Verified Aug 24, 2026View source. Clerk of the district court issues Letters Testamentary or Letters of Administration after the court grants the petition.
The creditor claim period of 3 monthsW.S. §§ 2-7-201, 2-7-205, 2-7-701, 2-7-702, 2-7-703, 2-7-704Verified Sep 15, 2026View source runs from the first publication of the creditor notice, which follows the executor's appointment. Distributing assets before the period has run can leave the executor personally liable for a claim that arrives later.
Wyoming sets executor compensation by statute — about $10,350 on a $500,000 estate, roughly 2.1%Wyo. Stat. § 2-7-803 (10% of first $1K, 5% of next $4K, 3% of next $15K, 2% thereafter; extraordinary fees per § 2-7-803(b), payable only on court order per § 2-7-805)Verified Sep 9, 2026View source. The fee applies to the gross value of the probate estate; executors and beneficiaries may agree to a different amount, but the schedule is the default. Executors can waive the fee entirely or accept a reduced amount.
Settling a trust in Wyoming starts when the successor trustee accepts the role: the trustee obtains death certificates and an EIN for the now-irrevocable trust, notifies the beneficiariesWyo. Stat. § 4-10-101 et seq.Verified Jul 15, 2026View source within 60 daysW.S. §§ 4-10-813, 4-10-1005Verified Sep 15, 2026View source, takes inventory of the trust assets, settles the grantor's debts and taxes, and distributes what remains under the trust terms. The process runs privately, without probate court supervision.