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A living trust in Wyoming allows you to place your assets in trust, yet have control and use of them during your life. After your death, assets in the trust are passed to the beneficiaries you have selected.
And they make it relatively easy to change trust provisions. While definitions of ?best? may vary, there is a general consensus that seven states stand out in terms of favorability: Alaska, Delaware, Nevada, New Hampshire, South Dakota, Tennessee and Wyoming.
Creating a living trust in Wyoming involves these six steps: Figure out what kind of living trust you want. ... Decide what property and assets you want in your living trust. ... Pick a trustee for your living trust. ... Finalize your living trust documents. ... Sign your living trust in front of a notary public.
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.
The trust agreement is the parent document that details anything and everything regarding the trust, including its agreements. Meanwhile, the certificate of trust is used in tandem to keep nonessential information confidential.
Wyoming Trust Formation Costs and FeesWyoming Statutory Trust Certificate of Trust filing fee$100One Year of Best Wyoming Registered Agent service$50Total Wyoming Trust Cost:For $150, you can form a Wyoming statutory trust and hire us for a year of Wyoming registered agent service.
Create the trust document. You can get help from an attorney or use Willmaker & Trust (see below). Sign the document in front of a notary public.