Revocable living trusts in Wyoming: keep control during life, avoid probate, and coordinate with your broader estate plan.
Our attorneys help you establish revocable living trusts that allow you to maintain full control over your assets during your lifetime while providing seamless transfer to beneficiaries upon death. This flexible estate planning tool helps avoid probate, ensures privacy, and can be modified or revoked as your circumstances change.
Understanding Revocable Living Trusts
A trust is a contract between the Grantor (the person who creates the trust), the Trustee (one who controls the trust) and the beneficiaries (those entitled to benefit from the trust). You, as Grantor, determine how the trust will be operated by the Trustee and who benefits, how and when. A revocable living trust lets you serve as your own Trustee, receive full benefits during life, and direct how assets are distributed at death; often called your "Book of Instructions."
Key Advantages of Revocable Living Trusts
- Avoid probate when assets are properly retitled to the trust.
- Provide asset protection features for a surviving spouse after your death.
- Plan for special needs beneficiaries without jeopardizing benefits.
- Manage and protect inheritances for children who struggle with money.
- Shield assets from a spouse's potential remarriage after your death.
- Build in disability planning if you become incapacitated before death.
- Protect a child's inheritance from divorce exposure.
- Keep your affairs private (unlike probate, which is public).
- Operate without court intervention: the Trustee follows your detailed instructions.
- Include guidance for managing your business in your absence.
Important Considerations
Very few revocable living trusts automatically provide all of these benefits, meaning your document must be drafted to include them. And remember: a revocable trust is not an asset-protection vehicle during your lifetime and does not, by itself, protect against nursing home costs, lawsuits, divorce, bankruptcy, or other creditors.
If you'd rather not wrestle with drafting, funding, and fine-tuning provisions yourself, we'll handle the whole process: Wyoming-compliant drafting, coordinated titling, and clear instructions, so your revocable living trust actually works when your family needs it. For advice about your specific situation, please
Contact Us. Learn more in our Legal Disclaimer and Privacy Policy.Your assets are worth protecting.
We'll draft Wyoming-compliant documents that actually work at the bank and hospital.
Walk-in $25 • Online $395
FAQs
Does a revocable trust avoid probate?
Yes, so long as you retitle assets to the trust before death (or use beneficiary designations that pour to the trust).
Does it protect assets from creditors or Medicaid?
No. Revocable trusts are for control, organization, and probate avoidance; not creditor or Medicaid protection.
Do I still need a will?
Yes. You'll want a pour-over will (and guardians for minors) to catch any assets left outside the trust.
Can I change or revoke it?
Anytime while you're alive and competent. That flexibility is a core benefit of revocable trusts.