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Committee recommends raising small-estate limit to $400,000 in Senate File 104; clarifying amendment on disclaimers approved
Summary
Senate File 104, which raises Wyoming's summary probate threshold from $200,000 to $400,000 and clarifies disclaimer rules, was recommended for passage by the Minerals, Business & Economic Development Committee after testimony citing inflation and housing-price increases.
Senate File 104, a set of revisions to Wyoming's probate code, won committee approval after proponents and the Wyoming Trust Association argued that inflation and rising home values make the current $200,000 small-estate threshold outdated.
Sponsor Senator Barry Crago told the committee the bill's principal effect is to raise numeric thresholds used in several probate procedures from $200,000 to $400,000 and to add a limited change on disclaimers of inherited property. "This bill is just an attempt to simplify the probate process for our folks…
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