Near-perpetual trusts are possible here potentially avoiding transfer taxes for up to 1000 years.
Wyoming allows broad asset protection by recognizing spendthrift provisions written into trusts, including self-settled trusts where the trust creator is also a beneficiary.
Wyoming privacy laws allow you to keep your personal and trust information out of the public domain.
You don’t have to live in Wyoming to establish or migrate a trust here. Appointing the Bank of Jackson Hole as your Wyoming sited fiduciary may be all that’s necessary.
Some benefits of locating your trust in Wyoming include:
- No state income tax on trust or personal income
- No state gift or inheritance tax
- No tax on out-of-state retirement income
- No corporate income tax
- No excise tax
- No tax on mineral ownership
- No intangibles or personal property tax
- Low property tax
Wyoming expressly provides for directed trusts where assets and investments can be managed by a family office or managers other than the administrative trustee.