Wyoming Revocable Living Trust Form

Updated June 29, 2022

The Wyoming revocable living trust is an entity into which a person (the Grantor) places their assets and property. A revocable trust has a couple of advantages over an irrevocable trust such as the Grantor’s power to appoint themselves Trustee and the ability to amend or revoke the Trust and its contents at any point during the Grantor’s life. If the Grantor becomes incapacitated, they will have continued access to the Trust through the Trustee (or Successor Trustee) instead of their estate being handled by a court-appointed agent. Once the Grantor dies, the trust becomes irrevocable. The Trustee (or Successor Trustee if the Grantor has named themselves Trustee) will then distribute the contents of the Trust to the named Beneficiaries. This will be done outside of probate court, enabling the Beneficiaries to avoid a lengthy and costly process. Unlike an irrevocable trust, the Grantor is still subject to estate taxes.

Definition§ 4-10-103(xvii)

Laws§ 4-10-601 to § 4-10-604 (Revocable Trusts)

How to Write

Step 1 – Download in Adobe PDF, Microsoft Word (.docx), or Open Document Text (.odt).

Step 2 – The first page of the Trust document must have the Grantor’s name at the top and the current date just below that. The names and addresses of the Grantor and Trustee must be included in the first part of the form. Under Article 1, create a name for the trust. Next, select the first checkbox under Article 1 if this document is an amendment of a previous trust document. If this is a new Trust, select the second checkbox.

Step 3 – After the Grantor’s death, their property will be distributed according to the list created under Article 4, Section A. Enter the names of the individuals/organizations beside each listed property in the spaces provided.

Step 4 – Any personal property will be transferred after the Grantor’s death according to Section B of Article 4. Select the first box to transfer the personal property to the Beneficiaries or select the second box to transfer to a specific individual (include this person’s name, address, and Social Security).

Step 5 – Under Article 4, Section C, the Grantor must appoint a “Pet Caretaker” to take care of any pets they have at the time of death. A second caretaker (Alternate Pet Caretaker) should be appointed in case the first caretaker cannot assume the necessary responsibilities.

Step 6 – Funding may be provided to the Pet Caretaker under Part (ii) of Section C. Select the first box and enter a US dollar amount to provide funding. Select the second box if no funding is to be provided.

Step 7 – Continue to Part (iii) of Section C. Enter the name of the individual (3rd Party Enforcer) who will oversee the expenditures made on behalf of the Pet Caretaker. They must also ensure the Pet Caretaker is providing appropriate care for the Grantor’s pets.

Step 8 – Under Article 4, Section D, name up to four (4) Beneficiaries to whom all residuary property will be transferred upon the Grantor’s death. The Social Security numbers and addresses of the Beneficiaries must also be provided.

Step 9 – Proceed to Article 10 and establish the number of times a Beneficiary can make a request of an accounting of all property within the Trust. Enter the number in the field provided and select either “Months” or “Years.”

Step 10 – Under Article 13, Section A, the Grantor must appoint a Successor Trustee and a 2nd Successor Trustee by entering their names and addresses in the available spaces.

Step 11 – Next, Section I of Article 13 must be filled out to establish compensation instructions for the Trustees. The Grantor may choose to provide no compensation or a reasonable fee.

Step 12 – In order for a person or organization to benefit from the Trust, they must survive the Grantor by a specific number of days. The Grantor can establish this limit by entering a number in the empty field under Article 15.

Step 13 – The marital status of the Grantor must be divulged under Article 17. If the Grantor is married, their Spouse’s name must be entered in the field provided next to the second checkbox.

Furthermore, if the Grantor and the Grantor’s Spouse die at the same time, it must be established whether the Grantor’s estate or the Spouse’s estate will be claimed by the other if it is indeterminable who died first.

Step 14 – Under Article 18, the names of the Grantor’s children must be entered into the field provided.

Step 15 – To create a detailed document, the names of all individuals/organizations the Grantor wishes to exclude from the Trust should be entered in the empty space under Article 21.

Step 16 – Under Article 22, the Grantor, Trustee, and Successor Trustee must provide their signatures, their printed names, and the date. This will give the Grantor power to amend or revoke the Trust at any point during their lifetime.

Step 17 – Complete the second to last page of the Trust document labelled the “Self-Proving Affidavit”. This should include the State and County in which it was created along with signatures from the Grantor, Trustee, Successor Trustee, 2nd Successor Trustee, and two (2) witnesses. The bottom portion of the page can only be completed by a notary public, if they are present.

Step 18 – A list of all the Grantor’s assets and property can be written down in the last page of the document, “Attachment A.”