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The State of Wyoming homestead exemption law includes the opt-in
option pursuant to the election of the state legislature. As an opt-in
state, residents may choose either the federal or state exemption
provisions. For purposes of determining permitted homestead values, the Wyoming Homestead Exemption Act
establishes an upper limit for equity owned in the amount of $10,000,
while the federal provision permits up to $18,500. Additionally, the
federal value amount includes periodic increases based on changes in the
consumer price index.
Debtors in bankruptcy are not required to file a Wyoming homestead exemption form
in the county real estate records. But if filed before initiating
bankruptcy, this document may prevent unmeritorious objections for
owners of more than one potential homestead.
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