Trust Law Blog

Trust law rewards creativity. We like to say there are as many trusts as there are people and their situations. Regardless of your situation, there is likely a trust which can help you achieve your desired outcome. As stated on the main blog page, most practitioners stick to abstract discussion. This abstraction prevents readers from understanding whether a trust would have any practical value.

This page discusses common questions such as does a trust need an EIN, how do you modify an irrevocable trust, what happens if a grantor dies and other matters which aren't a great fit on our primary trust page, but which are important questions nonetheless. Find additional practical applications of trust law below.

Mark Pierce

Trust Law Posts

An overview of our most recent and popular posts.

Mark Pierce

Final Thoughts

Establishing a trust provides important protections for you during your lifetime, and your family after you are gone. We can assist with drafting irrevocable, dynasty, spendthrift and other trusts. Contact us today if you are interested in working together. It's our trust attorney's pleasure to help.

Popular Services

An overview of our most popular services.

Wyoming Trust

Wyoming increasingly competes with traditional offshore providers. Self-settled trusts, private trust companies and more are achievable using a Wyoming situs.

Dynasty Trust

Most trusts are of a limited duration due to the rule against perpetuities. Fortunately, Wyoming allows 1,000 year trusts which mean your family, charity and whoever you wish will enjoy the benefits of your planning for generations to come.

Irrevocable Trust

The essence of asset protection is a judge cannot revoke your trust, nor can they force you to. However, an irrevocable trust is not set in stone and there are conditions under which such an entity may be changed, or dissolved, if met. It's important to note, most of the trusts on this page are flavors of an asset protection trust.

Self Settled Trust

Very few trust jurisdictions allow the grantor and beneficiary to be the same, while also enjoying asset protection benefits during their lifetime. Wyoming trust law, fortunately, mirrors common offshore trust jurisdictions and allows such entities. This advancement has brough our law into line with the Cook Islands, Nevis and other popular offshore havens.

Statutory Foundations

These foundations are relatively new under Wyoming law, but present a significant advancement for those with specific goals.

Charitable Remainder Trust

A CRT provides numerous asset protection and tax benefits, while also allowing you to provide funds for a worthy cause.

What's On Your Mind?

Cloud Peak Law Group, P.C.

1309 Coffeen Ave Sheridan, WY 82801