Wyoming Trust
& LLC Attorney

If having health, home and car insurance seems obvious, then you should insure your other assets too. Forming a Wyoming LLC or Wyoming Asset Protection Trust insures against overly zealous creditors, bad luck, poor decisions, bankruptcy and divorce. Creditors will be forced into a better settlement or to dismiss the case altogether. Not planning throws your financial affairs to the wind in the hope "things just work out."

We offer online corporate services, such as LLC formations in all 50 states, online bank account opening and registered agent services. Though we are not a law firm, our services are attorney approved. Join thousands of other clients and allow us to be of service today.

Wyoming's Close LLC and Close Corporation were created specifically for small companies which have few owners, generally with ties to another, such as family, friends or business partners. Close companies are otherwise regular corporations and limited liability companies which have elected to operate in an informal manner similar to partnerships. They are not required to hold meetings or provide disclosures in the same manner their traditional counterparts are. This is good for family, or single-owner companies, but can be a drawback if you do not know your business partners as well. You should consult with Wyoming Counsel to see whether this entity type is a good fit.

Alaska was the first state to allow anti-creditor trusts. Numerous states have since followed, including Nevada, South Dakota and Wyoming. Each allow self-settled trusts and have shortened windows for challenging transfers. They are often brought up in discussions with high net worth clients. Domestic Asset Protection Trusts are seen as being more palatable than their offshore counterparts. Such trusts take many forms and names. Each trust is tailored to your family's specifications. Examples of trusts we specialize in are Dynasty Trusts, Self-Settled Trusts, Generation Skipping Trusts, Grantor and Non-Grantor Trusts, Qualified Spendthrift Trusts and other Irrevocable Trusts more generally. They may hold stock, cash, property or any other type of asset(s). The maximum duration is 1,000 years. We are happy to counsel you on additional asset protection strategies as well, but also encourage you to only choose a member of the Wyoming State Bar if you decide a domestic asset protection trust is for you.

Why opt for unnecessary risks when we can take care of them for you? Asset protection planning reduces the risk of catastrophic losses stemming from life events. Generally, an asset protection trust is combined with a holding company and subsidiaries to enhance their respective benefits.

A Single Family Wyoming Private Trust Company may be trustee for a single trust or a family of related trusts. It may manage one or more trusts so long as they are related. They are favored due to lower fees versus public trust companies. They simultaneously enhance control and privacy while providing an opportunity to mentor younger family members on important financial planning principals. Our Wyoming counsel is happy to assist you through this transition.

Our setup enables you to bypass a custodian and invest in a wider variety of opportunities. Bitcoin, real estate and alternative investments are ok. You will save on fees and have full control over how your fund is managed. We handle everything for you, from the Limited Liability Company to the operating agreement. You then control the LLC and invest as you wish.

Estate taxes trap the unwary. Yet, many avoid the discomfort of estate planning because it relates to death and dying. One's choice amounts to getting ahead of the issue, or leaving things to the cruelty of chance and forcing survivors to face difficult decisions during an even more difficult time.

It's thus imperative to begin the estate planning process early and not to be discouraged if you have yet to make arrangements. This section encompasses everything you want to know about Revocable Living Trusts (RLT), HIPAA Release Forms, Wills, Durable Powers of Attorney (DPOA), Advanced Health Care Directives (AHCD), asset protection, living wills and nursing home poverty... but didn't have an estate planning attorney to ask. Given Wyoming's unique laws, we strongly encourage you to seek the counsel of an attorney who's a member of the Wyoming Bar Association, rather than a different state.

Our articles cover how to prevent your savings from being wiped out by nursing home costs, seven costly mistakes families make during estate planning, what probate is, why you want to avoid it, how to minimize estate taxes and more. Passing away without making proper arrangements can lead to unnecessary tax burdens, bickering among relatives, undo stress and needless expenses for all involved. We can help you avoid the above without paying the excessive fees of attorneys in Jackson Hole.