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Wyoming Statute 4-10-410 ?non-charitable Trust without Ascertainable Beneficiary? legislatively provides that a trust may be organized (i) without a definite or definitely ascertainable beneficiary, (ii) for a non-charitable but otherwise valid purpose; (iii) enforceable by a trust advisor, a trust protector, person ...
Unlike LLCs and corporations, trusts do not have ?owners? ? rather, the trustee is the legal owner of all property held in a trust, with a fiduciary (i.e., legally enforceable) duty to manage the assets for the benefit of the beneficiaries, consistent with the terms of the trust and applicable laws.
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.
In Wyoming, trust settlers are allowed to form trusts without registering the trust on public record (will require the help of an attorney), and the state does not supervise how the trust is administered.
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.
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.
Under this statutory section, the trust has to be revocable, needs a Wyoming corporate Trustee and can only be created by an order of a court having jurisdiction over the Conservatorship.