Wyo. Stat. Ann. § 2-7-701

Debts and charges; classification

Known as the Disposition of Community Property Rights at Death Act

The act spans §§ 2–2 (29 sections).

Applied in 1 court decision — leading case In the Matter of the Estate of Mary Mae Fisher, Deceased: Dwight Lyman and Betty L. Lyman, Trustees of the Dwight Lyman Living Trust Dated November 11, 2016, and Betty L. Lyman and Dwight Lyman, Trustees of the Betty L. Lyman Living Trust Dated November 11, 2016 v. George Wayne Fisher (2023)

Most recently applied in In the Matter of the Estate of Mary Mae Fisher, Deceased: Dwight Lyman and Betty L. Lyman, Trustees of the Dwight Lyman Living Trust Dated November 11, 2016, and Betty L. Lyman and Dwight Lyman, Trustees of the Betty L. Lyman Living Trust Dated November 11, 2016 v. George Wayne Fisher (March 2023)

(a) In any estate in which the assets are or appear to be insufficient to pay in full all debts and charges of the estate, the personal representative shall classify debts and charges as follows:

(i) Court costs;

(ii) Other costs of administration;

(iii) Reasonable funeral and burial expenses;

(iv) Allowances payable under W.S. 2-7-503 and 2-7-504;

(v) All debts and taxes having preference under the laws of the United States;

(vi) Reasonable and necessary medical and hospital expenses of the last illness of the decedent, including compensation of persons attending him at his last illness;

(vii) All taxes having preferences under the laws of this state;

(viii) All debts owing to employees for labor performed during the ninety (90) days next preceding the death of the decedent;

(ix) All claims allowed under W.S. 2-7-707;

(x) All other claims allowed.

Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.