- In divorce law, Wyoming is an equitable property state. Before distributing the property of a divorcing couple, the judge considers how the property was acquired, the spouses' and children's benefit from the property and each spouse's ability to maintain the property. Generally, separate and non-marital property is not included in the divorce case unless it is necessary to rehabilitate the spouses.
The law considers marital property to be items that either spouse acquires during the marriage. Property that either spouse acquires before the marriage is separate property.
- The state presumes property to be abandoned after a period of inactivity by the owner. The inactivity period is between one and 15 years. The time limit depends on the property type. For example, depending on the state, a bank account is considered abandoned after three to five years of inactivity. After the account is abandoned, it is turned over to the state and the individual must reclaim it from the state. Business have until Nov. 1 to report all property abandoned as of June 30. Businesses report to the Office of the State Treasury.
Individuals interested in claiming unclaimed property must contact the Wyoming Unclaimed Property Division. If a search for unclaimed property locates property, the treasurer's office will contact the claimant with instructions on how to claim it.
Property Disclosure Statement
- Sellers of vacant land must disclose certain information to any prospective buyers. At a minimum, the disclosure statement must state whether the land is part of a unified estate. The seller must advise about the availability and location of public utilities, including water and sewer service. The law requires the seller to disclose which entity maintains the roads serving the property.
- After the judge awards a judgment, a lien may be placed against real property that the debtor owns. Judgments are valid for five years from the date of execution. Real property is property that is unmovable, such as a house or land.
According to the Wyoming Lien Law, a person has the right to place a lien against any goods, chattels or animals for charges for work or services preformed. The person filing the lien must file the lien in the office of the secretary of state.