Property Ownership
In Wyoming, when a property is held in a revocable living trust, the trustee has:
ANo authority to sell the property without court approval
BFull legal authority to sell, lease, or encumber the trust property as authorized by the trust document✓ Correct
COnly the authority granted by the WREC
DLimited authority requiring co-trustee consent for all transactions
Explanation
A trustee of a living trust has the authority to manage, sell, lease, and encumber trust property as specified in the trust document. This authority allows trustees to conduct real estate transactions without court involvement, which is one of the primary benefits of holding property in a revocable living trust.
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