Favorable Trust Laws
Trust Protectors: Wyoming has enacted trust protector statutes, which allow a disinterested party to make certain modifications to irrevocable trusts that would otherwise require court approval.
Ability to Waive Notification Requirement: Traditional trust law requires trustees to provide notice to beneficiaries regarding an interest held in a trust. Wyoming allows the grantor to waive all beneficiary notice requirements which means a grantor can keep the beneficiaries unaware of the assets held in trust.
Virtual Representation: The Wyoming statutes allow certain parties to represent and bind minor and unborn trust beneficiaries.
Decanting: Wyoming has enacted a decanting statute allowing a trust's assets to be transferred to another trust with substantially the same dispositive terms.
Directed Trusts: Wyoming law allows trustee duties to be divided in order to facilitate family governance, cost control, and administrative efficiency. Under certain circumstances, the creator of a trust may serve as investment advisor in order to maintain a greater level of control over the assets held in trust.
Long Dynasty Returns: Wyoming has enacted a 1,000 year term limit on multigenerational trusts. As a result, a properly formed and administered Wyoming Dynasty Trust can be exempt from gift, estate, and generation-skipping transfer taxes for up to 1,000 years. Most other states limit the duration of trusts to a fraction of this period of time.