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Wyoming Trust

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REVOCABLE LIVING TRUST AGREEMENT

THIS REVOCABLE LIVING TRUST AGREEMENT, (hereinafter "Trust"), is being made on this the day of , 20 , by and between of County, State of Wyoming, hereinafter referred to as the Trustor and the Trustee designated below and shall be governed and administered in accordance with the following terms and provisions:

ARTICLE I
NAME OF TRUST

1. NAME OF TRUST: This trust may be referred to as THE REVOCABLE LIVING TRUST.

ARTICLE II
IDENTIFICATION

2. TRUSTOR AND BENEFICIARIES: The Trustor or Settlor of this trust is , an Individual, residing at , , Wyoming . The Trustor is the parent of the following living children:

The Beneficiary of the Trust during the lifetime of the Trustor is the Trustor. Except as otherwise provided herein, upon the death of the Trustor, the Beneficiaries are the Children of the Trustor.

ARTICLE III
TRUSTEE APPOINTMENT

3. TRUSTEE APPOINTMENTS: The Trustor, hereby appoints , the Trustor, as Trustee of this Trust. If the Trustor is unable to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee. If neither the first or second Trustee are able to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee, whether one or more.

The principal place of administration of this trust is the Trustor’s place of residence, regardless of the residence of the Trustee.

ARTICLE IV
ASSETS OF TRUST

4. ASSETS OF TRUST: All rights, title, and interest in and to all real and personal property, tangible or intangible, listed on the attached Schedule “A”, is hereby assigned, conveyed and delivered to the Trustee for inclusion in this Trust.

5. ADDITIONS TO TRUST PROPERTY: Additional property may be conveyed to the Trust by the Trustor, or any other third party at any time.

6. RIGHTS TO TRUST ASSETS: Except as specifically provided herein, the Beneficiaries of this trust shall have no rights to any assets of the trust.

7. HOMESTEAD EXEMPTION: Grantor(s) reserves the right to use, occupy and reside upon any real property placed in this Trust as their permanent residence during their lives.

ARTICLE V
TRUSTEE POWERS AND OTHER PROVISIONS

8. POWERS: The Trustor does hereby grant to the Trustee all powers necessary to deal with any and all property of the Trust as freely as the Trustor could do individually.

(A) TRUST ASSETS: The Trustee is hereby authorized and granted all powers necessary to retain as a permanent investment of the Trust, or for such time as the Trustee shall deem advisable, the original assets of the Trust...

(B) NONPRODUCTIVE ASSETS: The Trustee is hereby granted all powers and authority necessary to hold uninvested cash, and to retain, acquire, and hold unproductive realty or personalty...

(C) INVESTMENT POWERS: The Trustee is hereby granted all powers necessary to invest and reinvest any and all of the property of the Trust...

(D) SECURITIES: The Trustee is specifically authorized, in his or her discretion, to maintain brokerage margin accounts...

(E) ADDITIONAL PROPERTY: The Trustee is specifically authorized to receive additional property from any source and to hold and administer this property as part of the Trust Estate.

(F) SELL AND LEASE: The Trustee is hereby granted all powers necessary to sell, convey, lease, transfer, exchange, grant options to purchase or otherwise dispose of any Trust asset...

(G) INSURANCE: The Trustee is specifically authorized to insure Trust property and assets with any insurer against any hazards...

(H) BORROWING AND LENDING: The Trustee is specifically authorized to lend Trust funds to any borrower, on any terms deemed advisable...

(I) MODIFICATION OF TERMS: The Trustee is specifically authorized, incident to the exercise of any power, to initiate or change the terms of collection or of payment of any debt...

(J) CLAIMS: The Trustee is hereby granted all powers necessary to compromise, adjust, arbitrate, sue on, defend, or otherwise deal with any claim...

(K) DISTRIBUTIONS: The Trustee is specifically authorized to distribute any shares of the Trust in cash or in property, or partly in each...

(L) NOMINEE: The Trustee is specifically authorized to hold any or all of the Trust assets...

(M) FORECLOSURE: The Trustee is specifically authorized to foreclose on any mortgage...

(N) ENCUMBRANCES: The Trustee may pay off any encumbrance on any Trust asset...

(O) VOTING: The Trustee may vote stock for any purpose, either in person or by proxy...

(P) REORGANIZATION: The Trustee is hereby granted all powers necessary to unite with other owners of property...

(Q) PURCHASE FROM ESTATE OR TRUST: The Trustee is specifically authorized to purchase property of any type...

(R) ASSISTANTS AND AGENTS: The Trustee is hereby granted all powers necessary to employ any person or persons the Trustee deems advisable...

(S) RESERVES: The Trustee is hereby authorized to set aside and maintain reserves for the payment of present or future expenses...

(T) MANAGEMENT OF REALTY: The Trustee is specifically authorized to deal with real and personalty...

(U) BUSINESS: With respect to any business that is part of or may become part of any Trust...

9. AUTHORITY TO ACT: The approval of any court, the Trustor, or any beneficiary of any Trust created by this Trust shall not be required...

ARTICLE VI
TRUST ADMINISTRATION DURING LIFE OF TRUSTOR

10. MANAGEMENT OF TRUST PROPERTY: All property of the Trust shall be managed by the Trustee at the direction of the Trustor.

11. INCAPACITY OF TRUSTOR: During any period of incapacitation of the Trustor, as defined by this Trust Agreement, the Successor Trustee may apply or expend all or a part of the income and principal of this Trust...

12. RESERVATION OF RIGHTS: Except during periods of incapacitation as defined by this Trust Agreement, upon delivery to the Trustee of a written instrument, signed and acknowledged by the Trustor, the Trustor does hereby reserve during his or her lifetime the following rights:

(A) To revoke this Trust Agreement in its entirety and to recover any and all remaining property of the Trust after payment of all Trust administration expenses,

(B) To alter or amend this instrument in any and every particular at any time and from time to time,

(C) To change, at any time and from time to time, the identity or number, or both, of the Trustee and/or Successor Trustee,

(D) To withdraw from the operation of this Trust, at any time and from time to time, any or all of the Trust property.

ARTICLE VII
DISTRIBUTIONS DURING LIFETIME OF TRUSTORS

13. GENERAL DISTRIBUTIONS: The following options are available to the Trustee regarding the distribution of principal or income to or for a beneficiary:

(A) Payments may be made directly to the beneficiary as an allowance, in such amounts as the Trustee may deem advisable;

(B) Payments may be made to the Guardian of the beneficiary.

(C) Payments may be made to a relative of the beneficiary upon the agreement of such relative to expend such income or principal solely for the benefit of the beneficiary.

(D) The Trustee may expending such income or principal directly for the beneficiary.

(E) In making distributions of income or principal, the Trustee shall be mindful of the Beneficiaries health, education, support, maintenance, comfort and general welfare needs.

14. RESIDENCE: A residence may be purchased or otherwise obtained by the Trustee for the benefit of an income beneficiary of any Trust for use by the beneficiary and his or her family.

15. OTHER PAYMENTS: At the request of any Trustor in writing, the Trustee shall make lump sum or periodic payments to any third party designated by such Trustor.

ARTICLE VIII
TRUST ADMINISTRATION AFTER TRUSTOR’S DEATH

16. TRUSTEE: Upon the death of the Trustor, the Successor Trustee shall continue to administer the assets of this Trust...

17. BENEFITS PAYABLE TO TRUST: Upon the death of the Trustor, the Trustee is hereby authorized to take any and every action necessary to collect any and all benefits payable to the Trust...

18. LIABILITIES OF TRUSTOR’S ESTATE: Prior to the distribution of any assets of this Trust, the Trustee may, at his or her sole and absolute discretion, pay to the Trustor’s estate...

19. TAXES: Upon the death of the Trustor, all estate and inheritance taxes that become due and payable upon all of the property comprising the Trustor’s gross estate shall be paid by the Trustee...

20. ADDITIONAL DISTRIBUTIONS: The Trustee is hereby authorized to pay to the Probate Estate of the deceased Trustor as much of the income and principal of this Trust as the Trustee deems necessary...

21. GIFTS: The Trustee shall, upon the death of the Trustor, make such gifts of the tangible personal property of the Trustor held or acquired by this Trust as may be directed by the Trustor’s Will...

ARTICLE IX
TRUSTOR’S DEATH

22. DISTRIBUTIONS: Upon the death of the Trustor, the following distributions shall be made from the property of this Trust after payment of the Trustor’s just debts, funeral expenses, expenses of any last illness, and the other distributions otherwise provided for in this Trust:

(a) DISPOSITION OF TRUST ESTATE ON DEATH OF THE TRUSTOR: If any of the children of the Trustor survives the Trustor...

(b) SPRINKLING TRUST: The Trustee shall hold, administer, and distribute the assets of the Sprinkling Trust as follows:

(i) DISCRETIONARY PAYMENTS BEFORE DIVISION INTO SHARES...

(ii) DISCRETIONARY PAYMENTS OF INDIVIDUAL TRUSTS...

(iii) TERMINATION AND DISTRIBUTION OF INDIVIDUAL TRUSTS...

(iv) TERMINATION OF INDIVIDUAL TRUST ON DEATH OF CHILD...

(v) FINAL DISPOSITION...

(c) SPRINKLING TRUST FOR ISSUE...

23. DEATH OF BENEFICIARY: Should a named beneficiary die before a complete distribution of this Trust is made, and that Beneficiary leave no living issue, then that beneficiary’s share shall go to the surviving Beneficiaries.

ARTICLE X
TRUSTEE PROVISIONS

24. THIRD PARTIES: Any person dealing in good faith with the Trustee shall deal only with the Trustee and shall presume the Trustee has full power and authority to act on behalf of the Trust.

25. COMPENSATION: Any beneficiary of this Trust serving as Trustee shall do so without compensation for his or her services...

26. BOND AND QUALIFICATIONS: Bond shall not be required of the Trustee or any Successor Trustee.

27. SUCCESSOR TRUSTEE(S): No Successor Trustee shall be responsible for acts of any prior Trustee.

28. REMOVAL OF SUCCESSOR TRUSTEES: A Successor Trustee may be removed by the last individual to serve as Trustee...

29. DELEGATION OF POWERS: Any management function of any Trust may be delegated by any Trustee to any Successor Trustee...

30. LIMITED AMENDMENT POWER: The Trustee shall enjoy a limited power to amend management functions of this Trust only as may be required...

31. RESIGNATION OF TRUSTEE: Any Trustee may resign by writing filed among the trust papers effective upon the trustees’ discharge.

32. NONLIABILITY FOR ACTION OR INACTION BASED ON LACK OF KNOWLEDGE OF EVENTS...

33. TRUSTEE AS BENEFICIARY...

34. WAIVER OF ACCOUNTING...

ARTICLE XI
TRUST ADMINISTRATION

35. ALLOCATION TO PRINCIPAL AND INCOME – SEPARATE TRUSTS...

36. ALIENATION: Excepting the Trustor, no income or principal beneficiary of any Trust shall have any right or power to anticipate, pledge, assign, sell, transfer, alienate or encumber his or her interest in the Trust...

37. TERMINATION OF TRUST: Should the aggregate principal of any Trust at any time be valued at One Hundred and Fifty Thousand Dollars ($150,000) or less...

38. ELECTIONS: The Trustee and the Personal Representative of the Trustor's estate will have various options in the exercise of discretionary powers...

39. BENEFICIARY DESIGNATION: Upon written designation by the Trustor of a beneficiary for a qualified plan or IRA benefits made payable to this Trust...

40. CERTIFICATE OF TRUST: The Trustee is hereby authorized and granted all powers necessary to execute a Certificate of Trust...

41. REGISTRATION OF TRUST ASSETS: Assets of this Trust during the Trustor’s lifetime shall be registered as follows: , Trustee, or his or her successors in trust, under THE REVOCABLE TRUST, dated the day of , 20 , and any amendments thereto.

42. TAX IDENTIFICATION: This Trust shall be identified during the Trustor’s lifetime by the Trustor's Social Security Number .

43. SPENDTHRIFT CLAUSE: The interest of any Beneficiary of this Trust in the income and principal shall not be subject to claims of his or her creditors...

44. PERPETUITIES CLAUSE: All Trusts created by this instrument and interests therein shall vest in their then beneficiary twenty-one years after the death of the last of the issue of the Trustor...

ARTICLE XII
TERMS AND DEFINITIONS

The terms below, as used throughout this Trust Agreement, shall have the following meaning

45. INCAPACITATED: For the purposes of this Trust Agreement, if a Trustee or a beneficiary, is under a legal disability...

46. REHABILITATION: For the purposes of this Trust Agreement...

47. GUARDIANSHIP: During any period of incapacity or incompetence, the Trustor does hereby nominate as Guardian of the Trustor’s property the same person(s)...

48. SURVIVORSHIP: This Agreement shall be binding upon the heirs, personal representatives, successors and assigns of the parties hereto.

49. APPLICABLE LAW: This Agreement shall in all respects be construed and regulated according to the laws of the State of Wyoming.

50. TRUSTEE AND TRUST: The term “Trustee" refers to the single, multiple and Successor Trustee...

51. GENDER - SINGULAR AND PLURAL: Where appropriate, words of the masculine gender include the feminine and neuter...

52. IRC: The term "IRC" refers to the Internal Revenue Code and its valid regulations.

53. SERVE OR CONTINUE TO SERVE: A person cannot "serve or continue to serve" in a particular capacity if they are incapacitated...

54. ISSUE: The term "issue" ... shall include adopted "issue" of descendants and lineal descendants...

55. NOTICE: No person shall have notice of any event or document until receipt of written notice.

56. MERGER: The doctrine of merger shall not apply to any interests under any Trust.

57. REPRESENTATION: In any Trust matter a beneficiary whose interest is subject to a condition shall represent the interests in the Trust of those who would take in default of said condition.

IN WITNESS WHEREOF, on this the day of , 20 , Trustor, and Trustee have signed this Instrument.

TRUSTOR

TRUSTOR

TRUSTEE

STATE OF WYOMING

COUNTY OF

The foregoing instrument was acknowledged before me by this day of , .

Witness my hand and official seal.

(Seal)

Notary Public

Printed Name:

My Commission Expires:

THE REVOCABLE LIVING TRUST

Schedule A

The sum of One Hundred Dollars ($100.00) in cash.

TOGETHER WITH:

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What a Wyoming Trust Is and when it’s used

A Wyoming Trust is a written fiduciary instrument created under Wyoming law to hold and manage assets for named beneficiaries. It can be revocable or irrevocable and typically names a grantor, trustee and beneficiaries, describes trustee powers, and sets distribution rules. Trustees administer the trust according to its terms and applicable state law; assets must be retitled or transferred to the trust to be effective. Wyoming is frequently chosen for its modern trust statutes that permit flexible terms, directed trusts, and trust protectors, but proper legal review is recommended.

Why people choose a Wyoming Trust

A Wyoming Trust provides centralized asset management, private transfer of property, and flexibility to tailor trustee powers and beneficiary distributions under a state-friendly statutory framework. It supports succession planning and can simplify administration compared with probate.

Why people choose a Wyoming Trust

Who commonly creates and manages Wyoming Trusts

Choose the profile that best matches your situation and consult counsel for trustee selection, tax planning, and transfer steps.

  • High-net-worth individuals who want centralized asset control and multi-generation planning.
  • Family offices and wealth managers that require custom distribution rules and trustee flexibility.
  • Estate planning attorneys and trust companies who draft and administer tailored fiduciary arrangements.

Primary signers and fiduciary roles

Grantor / Settlor

The person or entity that creates the trust and transfers assets into it. The grantor sets the initial terms and can name successor trustees and beneficiaries; accuracy of identity and signature is essential to avoid later disputes.

Trustee / Co-Trustee

Individual or corporate fiduciary appointed to administer trust assets per the trust instrument and Wyoming law. Trustees accept duties by written acceptance and must follow fiduciary standards, keep records, and provide accountings when required.

Core components to include in a professional Wyoming Trust

A well-drafted Wyoming Trust clearly defines parties, powers, administrative procedures, and distribution standards. These components reduce ambiguity and support enforceability under state law.

Trust ID

Formal trust name and effective date that identify the instrument and establish when rights and duties begin; use MM/DD/YYYY for consistency and recordkeeping.

Grantor Details

Full legal name and contact information of the grantor, including entity identifiers if the grantor is a trust-owned LLC or corporation; mismatches can complicate funding or tax reporting.

Trustee Powers

A clear enumeration of trustee authorities (investments, distributions, delegation, trust protector actions) with any limits and required approvals to guide administration.

Beneficiary Provisions

Named beneficiaries, distribution standards (discretionary, fixed, support), and contingent beneficiaries; include procedures for beneficiary incapacity or predeceasing the grantor.

Spendthrift Clause

Language restricting assignment of beneficiary interests to protect trust assets from creditors, subject to statutory exceptions under state law.

Governing Law

Specify Wyoming as the governing jurisdiction and any venue choice for disputes to ensure consistent interpretation under Wyoming statutory provisions.

Step-by-step: completing a Wyoming Trust

Follow these sequential steps to prepare, execute, and begin administering a Wyoming Trust.

  • 01
    Draft the instrument: Work with counsel to tailor terms and select trustee(s).
  • 02
    Identify and list assets: Describe assets intended for transfer with precise identifiers.
  • 03
    Execute with signatures: Sign in presence of notary and witnesses if required.
  • 04
    Fund the trust: Retitle accounts and record deeds to move assets into the trust.

How administration and funding typically proceed

A clear funding and administration workflow helps trustees fulfill duties while keeping beneficiary expectations aligned.

  • Acceptance: Trustee signs acceptance and confirms ability to serve.
  • Asset transfer: Grantor re-titles or assigns assets into the trust's name.
  • Ongoing management: Trustee invests, maintains records, and makes distributions per terms.
  • Accounting: Periodic reports or accountings provided to beneficiaries as required.

Setting up an electronic signing workflow for the trust

Configure a secure, auditable eSignature workflow that aligns with signing order, authentication, and notarization needs.

Field Configuration
Authentication Level Email link, SMS code, or advanced ID proofing as required
Signer Order Specify sequential or parallel signing for grantor and trustees
Notary Integration Enable RON session or schedule in-person notarization when needed
Audit Trail Capture timestamp, IP, and actions for each signer

eSignature vendor comparison for signing a Wyoming Trust

Compare common eSignature plans when planning remote execution and notarization. signNow is listed first per the comparison format.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies Varies Varies Varies
Bulk Send Yes Yes Yes Yes Varies
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes Varies Varies

Essential data to include on the trust document

Trust Name: Unique identifier
Effective Date: MM/DD/YYYY format
Grantor: Full legal name
Trustee: Name and contact
Beneficiaries: Names and distribution terms
Governing Law: Specify Wyoming

Key errors and the risks they create

Improper Funding: Assets not transferred
Invalid Signatures: Unsigned or unsigned by wrong party
Missing Notary: Deeds may be unrecordable
Tax Missteps: Incorrect reporting or missed filings
Wrong Jurisdiction: Governing law mismatch
Creditor Exposure: Poorly drafted protection

Common preparation pitfalls to avoid

  • Failing to retitle bank or brokerage accounts into the trust causes assets to remain in the grantor’s name and undermines planning objectives.
  • Using informal beneficiary descriptions (e.g., 'children') without identification can create ambiguity and disputes when distributions are made.
  • Not specifying successor trustees or incapacity procedures increases administrative delays and can require court appointment in contested situations.
  • Overlooking recording requirements when transferring real property into the trust can block future sales and cloud title at closing.

Practical tips for accurate and efficient completion

Apply these practical checks to reduce errors and speed execution when preparing a Wyoming Trust.

Use full legal names consistently
Verify that the grantor, trustee, and beneficiary names match government ID and account records to avoid mismatches during funding or beneficiary claims.
Document funding steps immediately
Record each transfer (deeds, assignment letters, account forms) and retain confirmations to demonstrate the trust was properly funded.
Choose an accountable trustee
Select a trustee with recordkeeping capacity and clarity on discretionary powers to reduce disputes and fiduciary liability.
Plan for future amendments
Include amendment and revocation procedures and consider a trust protector or successor trustee to manage unforeseen changes.

Timing considerations and typical processing expectations

Some tasks are time-sensitive during trust setup and administration; set clear internal deadlines to maintain momentum and compliance.

Execute promptly:

Sign and notarize as soon as terms are finalized to allow timely funding

Fund without delay:

Transfer priority assets quickly to ensure planning objectives are effective

Tax reporting:

File fiduciary tax returns when required; consult tax counsel for Form 1041 obligations

Accountings:

Provide beneficiary accountings per trust terms or state law timelines

Recordation:

Record deeds at county recorder promptly after execution

Frequently asked questions about a Wyoming Trust

Answers to common practical and legal questions encountered when preparing, signing, and administering a Wyoming Trust.


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