That is a very clear and strategic mission statement. However, to align perfectly with the legal terminology we discussed earlier—and to ensure the Trust’s legal documents are “bulletproof” under Wyoming law—we should apply a slight but vital correction to the wording.
Refined Mission Statement
“Gonen Statutory Trust is established for the primary purpose of holding, managing, and protecting diverse asset classes while facilitating the equitable interests of its individual Beneficial Owners.”
Why this phrasing works better:
- “Holding Assets”: Clearly defines the trust as a custodial and management vehicle.
- “Individual Beneficial Owners”: Directly acknowledges the people behind the trust while maintaining the statutory shield that Wyoming provides.
- “Equitable Interests”: This is the legal “magic word” in trust law. Unlike shares of a stock, a beneficial interest represents a right to the benefits of the trust property.
How this functions in practice:
- Asset Consolidation: The Trust can hold real estate, intellectual property, or brokerage accounts under one roof.
- Privacy: Because they are “Beneficial Owners” and not “Shareholders,” their names remain in the private Trust Agreement rather than on public state registries.
- Liability: By working with individuals in this capacity, Gonen Statutory Trust ensures that the trust’s liabilities don’t “leak” out to the owners, and the owners’ personal liabilities don’t “leak” into the trust.
