This Letter of Assignment (or Assignment of Stock) is a formal document used to move ownership from you personally to your Wyoming Statutory Trust.
If you are transferring private stock, you would send this to the company’s Secretary. If you are moving public stock held in a brokerage, this document often acts as a “covering” document for your own records, while the broker will likely have their own specific internal forms for you to sign as well.
Assignment of Stock Interest
Date: [Insert Date]
RE: Transfer of Shares to [Name of Wyoming Statutory Trust]
1. THE PARTIES
This Assignment is made by [Your Full Legal Name] (the “Assignor”), residing at [Your Address], to [Full Name of the Trust], a Wyoming Statutory Trust (the “Assignee”), established on [Date Trust was Formed], whose Trustee(s) is/are [Name of Trustee(s)].
2. THE TRANSFER
For valuable consideration, the receipt of which is hereby acknowledged, the Assignor does hereby irrevocably sell, assign, and transfer unto the Assignee:
- Entity Name: [Name of the Company the stock is in]
- Type of Stock: [e.g., Common Stock / Preferred Stock / LLC Units]
- Number of Shares/Units: [Insert Number, e.g., 1,000 shares or 100%]
- Certificate Number(s): [Insert if applicable, otherwise “N/A”]
3. POWER OF ATTORNEY
The Assignor hereby appoints the Secretary of [Name of Company the stock is in] as attorney-in-fact to transfer said stock on the books of the corporation with full power of substitution in the premises.
4. REPRESENTATIONS
The Assignor warrants that they are the lawful owner of the aforementioned shares, that the shares are free from all liens and encumbrances, and that they have the full right and authority to execute this transfer.
5. GOVERNING LAW
This Assignment shall be governed by and construed in accordance with the laws of the State of Wyoming.
SIGNATURES
ASSIGNOR:
[Your Printed Name]
ACCEPTANCE BY TRUSTEE:
The undersigned Trustee(s) hereby accepts the assignment of the above-described interest on behalf of the [Name of Trust].
[Trustee Name], Trustee
Tips for Execution:
- Notarization: While not always strictly required for private company transfers, it is highly recommended for Wyoming Statutory Trusts to have this document notarized to prevent future challenges regarding the date of the transfer.
- The “Schedule A”: Most Trust Indentures have a “Schedule A” at the very back—a list of assets owned by the trust. Once you sign this letter, make sure to update that list to include these shares.
- The Qualified Affidavit: Since this is a Wyoming trust, remember that if this is for asset protection, you should also sign a separate “Qualified Transfer Affidavit” concurrently with this letter.
Would you like me to generate a template for the “Qualified Transfer Affidavit” required by Wyoming law to ensure your asset protection stays intact?