Free Wyoming Revocable Living Trust

Step 1 of 21

What type of property do you want to put in your Living Trust?
- Real estate
- Financial accounts
- Business ownership
- Personal property
- Mix of assets

Location
Where do you live?
Different states have different rules and regulations.
Your Revocable Living Trust will be customized for .

Grantor
Are you creating this Living Trust with anyone else?
- Yes
- No
Who are you creating this trust with?
- My spouse
- Someone else

Spouse
Do you have a spouse?
- Yes
- No
What is your spouse's name?

e.g. William Timothy Smith

Your Details

What is your name?
Full Name:

e.g. William Timothy Smith
City/Town:

e.g. Frankfort

Second grantor Details

Who are you creating this trust with?
Full Name:

e.g. William Timothy Smith
City/Town:

e.g. Frankfort
State:

Spouse Details

Who is your spouse?
Full Name:

e.g. William Timothy Smith
City/Town:

e.g. Frankfort
State:

Trustee
Will you control your assets as trustee?
- Yes
- No
Will you and your co-grantor control your assets as trustees?
- Yes
- No

Trustee Details

Who will be your trustee?
Trustee
First Trustee
Full Name:

e.g. William Timothy Smith
City/Town:

e.g. Frankfort
State:
Second Trustee
- Add another trustee
Second Trustee
Full Name:

e.g. William Timothy Smith
City/Town:

e.g. Frankfort
State:

Successor Trustee

Who will manage your trust if your trustees become incapacitated?
Successor Trustee
First Successor Trustee
Full Name:

e.g. William Timothy Smith
City/Town:

e.g. Frankfort
State:
Second Successor Trustee
- Add another trustee
Second Successor Trustee
Full Name:

e.g. William Timothy Smith
City/Town:

e.g. Frankfort
State:

Beneficiary

Do you want your spouse to inherit the assets in your trust?
do you beneficiary
- Yes
- No

Division of Assets

How do you want to divide your assets between your beneficiaries?
Equally
- Equally
- Unequally

Shares

How would you like to divide your assets? The number of shares must add to 100.
First Shares :
e.g. 33,10
Second Shares :
e.g. 33,10
Third Shares :
e.g. 33,10
Fourth Shares :
e.g. 33,10
Fifth Shares :
e.g. 33,10
Sixth Shares :
e.g. 33,10
Seventh Shares :
e.g. 33,10
Eighth Shares :
e.g. 33,10
Nineth Shares :
e.g. 33,10
Tenth Shares :
e.g. 33,10
Eleventh Shares :
e.g. 33,10
Twelfth Shares :
e.g. 33,10
Total :
The total for all beneficiaries must add up to 100.

Additional Terms

Do you want your final taxes and debts to be paid out of your Living Trust?
Addition_detail
- Yes
- No
Do you want your funeral costs and other final expenses to be paid out of your Living Trust?
Addition_detail
- Yes
- No
Do you want your minor beneficiaries to be a certain age before receiving anything from your Living Trust?
Minor_detail
- Yes
- No
Age :

Pour-Over Will

Do you want to create a Pour-Over Will now? The Pour-Over Will transfers missed assets into your trust upon your death.
Pour-Over Will1
- Yes
- No
Does the second grantor want to create a Pour-Over Will now? The Pour-Over Will transfers missed assets into your trust upon your death.
Pour-Over Will2
- Yes
- No

Executor

Do you want your Successor Trustee to administer the first grantor's estate?
executor
- Yes
- No
Who do you want to administer your estate?
Executor
First Executor
Full Name

e.g. William Timothy Smith
City/Town

e.g. Frankfort
State :
Add another executor
- Add another executor
Second Executor
Full Name

e.g. William Timothy Smith
City/Town

e.g. Frankfort
State :

Executor

Do you want your Successor Trustee to administer the second grantor's estate?
executor2
- Yes
- No
Who do you want to administer your estate?
Executor
First Executor
Full Name :

e.g. William Timothy Smith
City/Town

e.g. Frankfort
State :
Add another executor
- Add another executor
Second Executor
Full Name

e.g. William Timothy Smith
City/Town

e.g. Frankfort
State :

Signing Details

When will you sign your Living Trust?
Specify date
- Unsure
- Specify date
specify date input
MM slash DD slash YYYY
Where will you sign your documents?
Post Custom Field

e.g. Montgomery
State :
How many witnesses will sign this Living Trust?
witness_change_txt
- Notary public
- One witness and a notary public
- Two witness and a notary public

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Why Creating a Wyoming Revocable Living Trust Should Be Part of Your Estate Plan?

It is difficult to predict your future. That is why it is an excellent idea to plan yourself so that if you become mentally incapacitated or pass away, your estate will be distributed as you wish.

And creating a Wyoming revocable living trust is a sure way to accomplish this, plus a lot more. Keep reading to learn why a revocable living trust will be vital in estate planning.

What is a Revocable Living Trust?

A revocable living trust is an estate planning document allowing you to put your assets into a trust that you can manage while alive. You will also get the power to name a successor trustee who will handle it after you pass.

The document also outlines how and when your assets will be distributed to your inheritors.

Why Do You Need a Revocable Living Trust in Wyoming?

It would help to have a revocable living trust to simplify your succession process. If you don't want your loved ones to struggle to get a share of the inheritance, you should create this estate planning document, and they will get your assets almost immediately after your demise. It is important to note that the assets you put in the trust will not go through probation, and that will save your family time and money.

Creating a living trust allows you to dictate how your beneficiaries inherit your estate. If you don't leave a living trust or will, your estate will be distributed by the state as per the law. And your wishes may not count.

Therefore, if you want to ensure that your assets are distributed correctly per your wishes, you should create a living trust and name a trusted successor trustee to oversee the distribution of the assets after you die.

But it is critical to note that, although Wyoming has not adopted the Uniform Probate Code, the state offers simpler probate shortcuts for smaller estates. For instance, this applies to estates worth $200,000 or less.

In addition, you may transfer your real property to your loved ones through a transfer-on-death deed, which keeps your property out of probate even when you don’t have a living trust.

What Assets Can You Put in a Trust?

You can put almost everything you own in a trust. You need to transfer the assets to the trust, and you will remain the sole owner for as long as you live. You can put your real estate property, family house, life insurance policy, bank accounts, retirement accounts, valuable possessions like jewelry, and investments like stocks or bonds.

Should You Write a Will After Creating a Revocable Living Trust in Wyoming?

You may not necessarily need a will after making a Wyoming revocable living trust. However, if you have a minor beneficiary, writing a will is necessary for designating their guardian.

In addition, if you have assets like current business bank accounts, inherited family house, or life insurance that you have not transferred to the trust, a will can outline how they will be managed and distributed after your death.

Can a Living Trust Help Reduce or Avoid Estate Taxes in Wyoming?

Probably No. If your estate qualifies for federal estate taxes, your taxes will remain the same even after creating a living trust. However, you can minimize or avoid the taxes by creating a marital trust, allowing you to leave your estate to your spouse or partner.

How to Create a Revocable Living Trust Correctly?

Creating a revocable living trust today is easier than it was in the past. With the available online forms, all you have to do is you need to identify the assets you want to put in the trust.

Apart from that, you must also name all the rightful beneficiaries of your assets. Next, you should get and fill out the Wyoming revocable living trust form and sign it before a notary public. Then transfer the assets to the trust.

So, are you looking for the most reliable online platform to create your revocable living trust in Wyoming? There’s no better place to do this apart Forms.Legal. We are the leading provider of free Wyoming revocable living trust forms you can quickly complete online, download, and print.

Step 1 of 21

Location

Grantor

Spouse

Your Details

What is your name?

Second grantor Details

Who are you creating this trust with?

Spouse Details

Who is your spouse?

Trustee

Trustee Details

Who will be your trustee?

Trustee

First Trustee

Second Trustee

Successor Trustee

Who will manage your trust if your trustees become incapacitated?

Successor Trustee

First Successor Trustee

Second Successor Trustee

Assets

What assets do you plan to transfer into your Living Trust?

Asset

First Asset

Second Asset

Third Asset

Fourth Asset

Fifth Asset

Sixth Asset

Seventh Asset

Eighth Asset

Ninth Asset

Tenth Asset

Eleventh Asset

Twelfth Asset

Thirteenth Asset

Fourteenth Asset

Fifteenth Asset

Sixteenth Asset

Seventeenth Asset

Eighteenth Asset

Nineteenth Asset

Twentieth Asset

Gifts

Gift

Recipient

First Gift

Recipient

Second Gift

Recipient

Third Gift

Recipient

Fourth Gift

Recipient

Fifth Gift

Recipient

Sixth Gift

Recipient

Seventh Gift

Recipient

Eighth Gift

Recipient

Ninth Gift

Recipient

Tenth Gift

Recipient

Eleventh Gift

Recipient

Twelfth Gift

Recipient

Beneficiary

Do you want your spouse to inherit the assets in your trust?

Beneficiary Details

Who are your beneficiaries?

Beneficiary

First Beneficiary

Second Beneficiary

Third Beneficiary

Fourth Beneficiary