Why Wyoming
Wyoming’s Favorable Trust Laws
Wyoming Trust Company offers comprehensive trust services to clients of financial advisors and estate professionals to fulfill objectives in a state with favorable trust laws and regulations. We’re bonded, insured, and comply with complex trust administrative laws.
Wyoming is a Trust-friendly Jurisdiction
Estate planners and investors in Wyoming benefit from immense opportunities and advantages. For starters, Wyoming does not assess state income, estate, or inheritance taxes. In Wyoming, individuals can create and administer multi-generational trusts, trust investments, asset protection trusts, and more. Wyoming is internationally recognized for its continual adoption of trust legislation.
Key advantages include:
Wyoming does not have state income, gift or estate taxes for individuals, corporations or trusts.
Wyoming has a progressive term-of-years statute that allows a trust to opt out of the Rule Against Perpetuities’ application for up to 1000 years.
UTC laws include the modern provisions for directed trusts, delegated trusts, purpose trusts, virtual representation, trust protectors, trust advisors, unregulated special purpose entities, reformation and modification.
Wyoming allows an entity to serve as trustee for the benefit of one particular family.
Wyoming provides excellent asset protection through a unique entity known as the Wyoming Close Limited Liability Company.
The privacy protection of Wyoming Limited Liability Companies (LLCs) is extensive and limits the required disclosure of its LLCs to only the registered agent.
Generally, the cost of establishing the chosen jurisdiction as the situs, when necessary, is significantly less in Wyoming.
Work With a Team Who Cares
Are you a professional looking to expand your trust services? Our team can help!
