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Trust Services Trust Customers who have enrolled in our Online Trust may click the button below to access your accounts.
Wyoming Bank & Trust is pleased to offer online access to our Trust customers. For more information, please contact our Trust department at 307-632-7733. Wyoming Bank & Trust now offers 1031 Tax Deferred Exchanges services. Please call Kathy or Mike for more information or complete the form below. Wyoming Bank & Trust is pleased to offer "One On One" trust services developed for the benefit of our customers. We offer both personal and corporate trust service. For more information on trust services, please call our Trust Department at 307-632-7733 or request information below.
What is a Trust?A trust is a legal entity that holds property designated by your, the grantor, for the benefit of you and/or the beneficiaries. The beneficiaries are the individuals, charities, business or other entities that the grantor chooses to benefit from the trust. The trust is managed by a trustee that administers the trust per the trust document. Think of a trust as a basket. A trust allows you to place all or some of your assets into this basket. The assets are then used as you desire while you are living or you may choose to restrict the assets which may help you avoid some estate taxes. The assets are managed per the trust document if you become incompetent and are distributed per your request upon your death. The three key components to a trust are the grantor, the beneficiary and the trustee. The grantor is the person that sets up the trust and decides when and by whom the assets will be used. The grantor also can place limits on the usage of the assets. The trustee is the individual or corporate trust department that carries forth the wishes of the grantor. In some trusts the grantor may also be the trustee, but upon death or incompetence the successor trustee (appointed in the trust document by the grantor) takes control.
DEFINITIONSTRUSTTrust designates an arrangement under law in which property is held by one party for the benefit of another. It can involve a wide range of relationships between the trustee (individual holding assets for the benefit of another) and the beneficiary (individual receipting benefit). In a custodial, agency or financial service relationship the trustee executes instructions form the beneficiary and in an irrevocable or revocable grantor trust, guardianship, Conservatorship or managed agency trust relationship the trustee manages the assets, investments, collections and makes payments for the beneficiary under the provisions of the agreement and laws regulated by federal and state laws. A trust is established with the contractual agreement between client, client legal counsel and the trustee. The trust relationship develops with working the provisions of the agreement for the personal and financial interest of the client. Wyoming Bank & Trust is proud to provide trust services developed for the benefit of the client.
Personal TrustsIrrevocable Trust Insurance Trust TRUST RELATIONSHIPSRevocable Living TrustThe trustee provides professional asset and investment management, including daily routine management of collecting income, payment of expenses and taxes. Benefits
Testamentary TrustA Testamentary Trust is established by Will and begins to function only after death. Document provides for beneficiaries through provisions of the Trust rather than outright distribution. Benefits
Investment Managed AccountEnables a client to transfer the management of assets to a professional investment manager. Trustee assumes full responsibility for the investment of monies and the purchase and sale of assets according to the investment objective of the client. Benefits
Custody AccountsDesigned for the investor who wishes to be free from the routine tasks involved in the handling of stocks, bonds and other securities even though they want to make the investment decisions. Benefits
Guardianship or ConservatorshipManagement of assets for an incompetent or incapacitated individual. Trustee holds full investment powers and manages the assets according to the needs of the individual. Family or state responsible for the personal care of the individual. Annual accounting of assets and management decisions provided to the Court. Benefits
Estate SettlementCapacity to act as Personal Representative or executor in the settlement of estates in accordance with the laws governing the State of Wyoming. A complete inventory of the assets and settlement of the estate is provided to the beneficiaries according to the dispositive provisions of the Will and the State of Wyoming. Benefits
Custody / Wealth ManagementDesigned for the investor who wishes to be free from routine tasks involved in the handling of stocks, bonds and other securities even though they want to make the investment decisions. Benefits
Corporate Trusts
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