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A Wyoming Dynasty Trust is a long term trust designed to efficiently transfer wealth from generation to generation. It avoids transfer taxes such as estate tax, gift tax and the generation skipping tax (GST). Beyond tax benefits, the dynasty trust also protects assets from a future generation's creditors.

How much money is needed to set up a trust? There isn't a clear cut rule on how much money you need to set up a trust, but if you have $100,000 or more and own real estate, you might benefit from a trust.

Steps to Starting a Wyoming Statutory Trust Fill out the Wyoming Statutory Trust Certificate of Trust. The Certificate of Trust is the form that will create your statutory trust in Wyoming. ... Complete Consent to Appointment by Registered Agent. ... Submit the Certificate of Trust.

To create your living trust in Wyoming, prepare a written trust document and then sign it in front of a notary. For the trust to be effective, you must next transfer ownership of assets into it. A living trust may be a good solution for your estate plan. Weigh its benefits and limitations when making a decision.

How to Write ( Fill Out ) a Living Trust Form Step 1: Fill out the grantor information. ... Step 2: Indicate the purpose of the trust. ... Step 3: Include trustee information. ... Step 4: List beneficiaries and make specific gifts. ... Step 5: Sign and notarize the completed document.

A Wyoming trust typically costs anywhere between $600 and $2,950. At Snug, any member can create a Power of Attorney and Health Care Directive for free. A Will costs $195 and a Trust costs $500. For many families, this is a great option to get you fully covered and save some money while doing it.