Benefits
Why Wyoming?
Wyoming Tax Advantages
Wyoming offers one of the most favorable tax environments in the country, creating powerful opportunities for long‑term planning. The state imposes no income tax, no corporate income tax, no gift or inheritance tax, and no capital gains tax, and these benefits extend to nonresidents with income held in irrevocable Wyoming trusts.
At Wyoming Trust Advisors, Mike Eden helps families integrate these advantages into a broader estate and legacy strategy, maximizing efficiency while maintaining simplicity.
Self-Settled Structures
For clients who need an added buffer, Wyoming permits self‑settled asset‑protection trusts. When properly designed and coordinated with legal counsel, these structures can help shield personal wealth while preserving access to trust benefits.
Greater Adaptability
Because goals, families and laws evolve, many Wyoming trusts appoint a trust protector—an independent party empowered to adjust certain trust mechanics if circumstances change.
1,000-Year Duration
Wyoming allows trusts to remain in force for up to 1,000 years, supporting multigenerational stewardship, continuity of family assets and the ability to manage transfer‑tax exposure over extended time horizons.
Directed Trusts
Wyoming’s directed‑trust framework separates fiduciary administration from investment decision‑making. That means you can retain a preferred investment adviser while a trustee focuses on administration and compliance.
Purpose Trusts
Some objectives don’t fit the standard beneficiary model — think preserving a legacy property, maintaining a collection, supporting a closely held business or caring for animals. Wyoming enables purpose trusts to serve these mission‑specific needs.
Privacy
Wyoming enhances privacy by not requiring trust instruments to be filed with a public registry. Families who value discretion benefit from a lower profile around their planning decisions and holdings.
Uniform Trust Code
Wyoming adopted the Uniform Trust Code and continues to refine its trust statutes, providing a contemporary, predictable foundation for administration and dispute resolution.