taking title in wyoming: Taking Title as A Trust
- 10/22/17 07:24 PM
In Wyoming, you have the choice of taking title of real property as a Trust. The legal and tax implications of setting up a trust are complex and vary widely from state to state. Attorneys and tax experts should always be consulted on the subject of trust.* That being said, the basic premise of a trust is the transfer of ownership to a third party to hold or manage for a beneficiary.
There are three main participants in a trust: The Trustor - the creator of the trust The Trustee - The party who holds legal title and is "entrusted" to carry out the purpose of the trust as defined by the Trustor The Beneficiary (0 comments)