Unparalleled Benefits for Managing Generational Wealth
WHY WYOMING WINS
LOWEST TAX BURDEN IN THE U.S.
Wyoming has the lowest overall tax burden in the US, making it a top situs for generational wealth. Wyoming has no state income, capital gains, gift or estate tax, a benefit which may be extended to non-residents who place assets in a non-grantor trust.
MODERN TRUST LAWS
Wyoming has adopted modern trust laws that maximize the benefit of using trusts to manage generational wealth with statutes that allow for 1,000 year dynasty trusts as well as directed trusts. Wyoming statutes also facilitate trust migration and modifications using non-judicial settlements.
STRONG FISCAL MANAGEMENT
Wyoming receives high marks for its fiscal management and substantial financial reserves. The Wyoming legislature is required by constitution to pass a balanced budget and has accumulated a $25 billion surplus sovereign fund.
PRIVATE TRUST COMPANIES
Wyoming is one of the few states that authorize both regulated and unregulated private trust companies. Furthermore, Wyoming requires no capital for the unregulated structure, making it an attractive jurisdiction for clients who prefer to designate a PTC to serve as trustee.
PRIVACY AND PROTECTION
Wyoming laws provide strong privacy and creditor protection. Wyoming trust details including grantors, beneficiaries and trust assets are not part of the public record. Wyoming is also one of the few states that allow domestic asset protection trusts.
DIGITAL ASSET LEGAL FRAMEWORK
Wyoming is the only U.S. state with a comprehensive regulatory framework to address digital assets, and the only state to clarify the legal status of digital assets as property within the UCC. This makes Wyoming the preeminent jurisdiction in which to manage digital assets.