Last Will and Testament for other Persons - Wyoming 2025

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Wyoming has a 0.55 percent effective property tax rate on owner-occupied housing value. Wyoming does not have an estate tax or inheritance tax.
No, in Wyoming, you do not need to notarize your will to make it legal.
Children in Wyoming Inheritance Law If you have a surviving spouse and descendants, your spouse inherits half of your intestate property and your descendants inherit the other half. If you have children but no spouse, your children will inherit all your intestate property.
In Wyoming, if you are married and you die without a will, what your spouse gets depends on whether or not you have living descendantschildren, grandchildren, or great-grandchildren. If you dont, then your spouse inherits all of your intestate property.
When someone inherits investment assets, the IRS resets the assets original cost basis to its value at the date of the inheritance. The heir then pays capital gains taxes on that basis. The result is a loophole in tax law that reduces or even eliminates capital gains tax on the sale of these inherited assets.

People also ask

Yes. You can create your own will in Wyoming. If you have a simple estate and know what property you own and who you want to give it to, you can make your own will.
Technically, an heir is a person, other than the surviving spouse, who would receive a portion of an intestate estate if the decedent had died without a will; a distributee is a person entitled to receive property under the terms of a will; a beneficiary is a person entitled to receive the benefit of property

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