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A trust - A LLC and a breach of of duty

Posted by Gayla K. Austin | May 28, 2023 | 0 Comments

In Wyoming, a very useful estate planning and asset protection tool is transferring working assets into a LLC and that LLC interest into a trust.  However, both the manager of the LLC and the trustee. have a fiduciary duty to the LLC and to the trust, which means the manager must conduct business in a manner that the manager reasonably believes to be in the best interests or at least not opposed to the best interests of the company. This case discusses examples of that, and how to administer properly and within the law in Wyoming.

What Does it Mean to Fund a Trust?

Posted by Gayla K. Austin | Dec 15, 2022 | 1 Comment

Many people now choose to use a revocable living trust to pass along their estate to their survivors, instead of relying on the traditional last will and probate.   It may be best though, for you to create a trust.  And the question then is:  what does it mean to fund the trust--how do I do that?

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