The Wyoming Amendment to Statement is an amendment to the Wyoming Uniform Statutory Rule Against Perpetuates, which governs the transfer of property. It allows for a trust to exist in perpetuity if the trust document contains language that specifically authorizes it. The Wyoming Amendment to Statement applies to all trusts created after July 1, 1989, and made in or governed by the laws of Wyoming. There are two types of Wyoming Amendments to Statement: the “General Amendment” and the “Lifetime Amendment.” The General Amendment allows a trust to exist in perpetuity if the trust document authorizes it. The Lifetime Amendment allows a trust to exist for the lifetime of a single individual. Both types of Wyoming Amendment to Statement must be in writing and signed by the settler of the trust.
The Wyoming Amendment to Statement is an amendment to the Wyoming Uniform Statutory Rule Against Perpetuates, which governs the transfer of property. It allows for a trust to exist in perpetuity if the trust document contains language that specifically authorizes it. The Wyoming Amendment to Statement applies to all trusts created after July 1, 1989, and made in or governed by the laws of Wyoming. There are two types of Wyoming Amendments to Statement: the “General Amendment” and the “Lifetime Amendment.” The General Amendment allows a trust to exist in perpetuity if the trust document authorizes it. The Lifetime Amendment allows a trust to exist for the lifetime of a single individual. Both types of Wyoming Amendment to Statement must be in writing and signed by the settler of the trust.
