Statutory Trust Certificate of Cancellation - Wyoming

Statutory Trust Certificate of Cancellation is a legal document that was released by the Wyoming Secretary of State - a government authority operating within Wyoming.

FAQ

Q: What is a Statutory Trust Certificate of Cancellation?A: A Statutory Trust Certificate of Cancellation is a document used to officially dissolve or cancel a statutory trust in the state of Wyoming.

Q: Why would a statutory trust need to be cancelled?A: A statutory trust may need to be cancelled if it is no longer needed or if the trustees and beneficiaries of the trust agree to terminate it.

Q: How can I obtain a Statutory Trust Certificate of Cancellation?A: You can obtain a Statutory Trust Certificate of Cancellation by submitting a completed application form to the Wyoming Secretary of State's office along with the required filing fee.

Q: Are there any specific requirements for the application form?A: Yes, the application form for a Statutory Trust Certificate of Cancellation must include the name of the trust, the signature of the trustees, and any other required information as specified by the Secretary of State.

Q: What is the filing fee for a Statutory Trust Certificate of Cancellation?A: The filing fee for a Statutory Trust Certificate of Cancellation in Wyoming is currently $50.

Q: Is there a deadline to submit the Statutory Trust Certificate of Cancellation?A: There is no specific deadline to submit the Statutory Trust Certificate of Cancellation, but it is recommended to do so as soon as the decision to cancel the trust has been made.

Q: What happens after the Statutory Trust Certificate of Cancellation is approved?A: Once the Statutory Trust Certificate of Cancellation is approved by the Wyoming Secretary of State's office, the trust will be officially dissolved and no longer exist.

Q: Is it possible to reverse the cancellation of a statutory trust?A: No, once a statutory trust has been cancelled and the Certificate of Cancellation is approved, it cannot be reversed. If you need to revive the trust, you would need to create a new one.

Q: Are there any other steps required after the cancellation of a statutory trust?A: It is important to inform any relevant parties, such as the trust beneficiaries and any financial institutions or entities connected to the trust, about the cancellation.

Q: Can I cancel a statutory trust if there are ongoing legal proceedings or liabilities?A: It is recommended to consult with legal counsel if there are ongoing legal proceedings or liabilities associated with the trust before proceeding with the cancellation process.