A Wyoming Revocable Trust for Lifetime Benefit of Trust or for Lifetime Benefit of Surviving Spouse after Death of Trust or's with Annuity is a legal arrangement that allows a person (the Trust or) to create a trust during their lifetime for the purpose of providing ongoing financial support to themselves and their surviving spouse. The trust has the added feature of incorporating an annuity that ensures a regular income stream for both the Trust or and the surviving spouse, even after the Trust or's death. This type of revocable trust offers numerous advantages, providing financial security and asset protection for the Trust or and their spouse. By creating the trust, the Trust or can maintain control over their assets while receiving a consistent income during their lifetime. In the event of the Trust or's death, the surviving spouse continues to receive the annuity payments, ensuring continued financial stability. There are various types of Wyoming Revocable Trusts for the Lifetime Benefit of the Trust or and the Lifetime Benefit of the Surviving Spouse after the Death of the Trust or, each tailored to meet specific needs and circumstances. Some common variations may include: 1. Irrevocable Revocable Trust with Annuity: This type of trust combines the benefits of a revocable trust structure with the assurance of an annuity. It provides flexibility during the Trust or's lifetime, allowing amendments or revocation if needed, while ensuring a steady income stream for the Trust or and their surviving spouse. 2. Qualified Personnel Residence Trust (PRT) with Annuity: This trust allows the Trust or to transfer their primary residence or vacation home into the trust while still residing in it. The trust guarantees a lifetime benefit for the Trust or and surviving spouse through the annuity, with the additional advantage of potential estate tax reduction. 3. Charitable Remainder Trust (CRT) with Annuity: This type of trust allows the Trust or to contribute assets to a trust, receive income through an annuity during their lifetime and potentially qualify for a charitable deduction. The remaining assets in the trust are designated for a specified charity after the Trust or's death. 4. Special Needs Trust with Annuity: This trust is specifically designed to manage assets and provide ongoing support for individuals with disabilities or special needs. It incorporates an annuity to ensure a dependable income source for the Trust or and the surviving spouse, while preserving eligibility for government benefits. Whether it's an Irrevocable Revocable Trust with Annuity, Qualified Personnel Residence Trust (PRT) with Annuity, Charitable Remainder Trust (CRT) with Annuity, or Special Needs Trust with Annuity, a Wyoming Revocable Trust for Lifetime Benefit of the Trust or for the Lifetime Benefit of the Surviving Spouse after the Death of the Trust or with Annuity offers comprehensive estate planning solutions and financial security for individuals and their spouses in Wyoming.