Asset Protection Society

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Wyoming Asset Protection Summary

Homestead Exemption

When occupied by the owner and his/her family, each resident of Wyoming is entitled to a Homestead exemption of $10,000.  If this property is jointly owned, each owner is entitled to the $10,000 exemption. § 1-20-101  To see this statute, click here.

Life Insurance and Annuities

Subject to policy language, the proceeds of life insurance policies are exempt.

§  26-15-129  To see this statute, click here.

Death benefits, cash surrender and loan values, and proceeds of a policy of group life insurance or group disability insurance are exempt. §§  26-15-130; 26-15-131 To see this statute, click here.

Not to exceed $350 per month, the benefits, rights, options, and privileges under an annuity contract are exempt. § 26-15-132  To see this statute, click here.

 

IRA

Retirement plans, pensions, or annuities most likely are most likely exempt.  Please consult local council. § 1-20-110  To see this statute, click here.

Pension

A city, town, county, or retired employee’s pension, retirement plan, or annuity not covered by the state retirement system is exempt if the plan states that is not assignable.  To see this statute, click here.

 

Disability

 

Proceeds from contracts of disability insurance supplemental to any life insurance or annuity contract are exempted.  To see this statute, click here.

 

Corporate Protection

Charging Order

 

As a judgment creditor’s exclusive remedy, a charging order may be sought charging the debtor-partner’s partnership interest with payment of any unsatisfied amount with interest.  The charging order constitutes a lien on the debtor-partner’s transferable interest in the partnership.  To view this section of the statute, click here.

Business Act

 

  1. Wyoming Business Corporation Act
    1. To view this Act, click here.
  2. Uniform Partnership Act
    1. To view this Act, click here.
  3. Uniform Limited Partnership Act
    1. To view this Act, click here.

The Asset Protection Society makes every attempt to keep the material on its web-pages up to date and accurate. Having said that, The APS does not warrant the material on this site and you should ALWAYS seek out the advice of a local advisor in your state who can give you individual advice for your particular situation and confirm the status of your state laws.