Wyo. Stat. Ann. § 4-10-1003

Damages in absence of breach

Applied in 1 court decision — leading case In the Matter of the J. Kent Kinniburgh Revocable Trust Dated January 27, 1992, as Amended and Restated: Janel K. Kinniburgh, Beneficiary and Successor Trustee of the J. Kent Kinniburgh Revocable Trust Dated January 27, 1992 v. Jacque Moncur and Rosemary Steele, Successor Co-Trustees of the J. Kent Kinniburgh Revocable Trust Dated January 27, 1992 (2023)

Most recently applied in In the Matter of the J. Kent Kinniburgh Revocable Trust Dated January 27, 1992, as Amended and Restated: Janel K. Kinniburgh, Beneficiary and Successor Trustee of the J. Kent Kinniburgh Revocable Trust Dated January 27, 1992 v. Jacque Moncur and Rosemary Steele, Successor Co-Trustees of the J. Kent Kinniburgh Revocable Trust Dated January 27, 1992 (June 2023)

(a) A fiduciary is accountable to an affected beneficiary for any profit made by the fiduciary arising from the administration of the trust, even absent a breach of trust.

(b) Absent a breach of trust, a fiduciary is not liable to a beneficiary for a loss or depreciation in the value of trust property or for not having made a profit.

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