By positioning itself in Wyoming, Gonen Statutory Trust provides its Beneficial Owners with a sophisticated legal fortress that traditional corporations or standard trusts simply cannot match.
1. The “Wyoming Shield” (Asset Protection)
Wyoming is widely considered the top jurisdiction in the U.S. for protecting wealth.
- Asset Partitioning: The trust assets are legally separated from the personal liabilities of the Beneficial Owners. If an owner faces a personal lawsuit, the trust’s assets remain out of reach.
- Statutory Protection: Wyoming law specifically limits the ability of creditors to seize or “pierce” the trust, offering protections similar to (and often stronger than) an LLC or corporation.
2. Radical Privacy
In an era of increasing transparency, Gonen Statutory Trust offers a sanctuary for your financial information.
- No Public Disclosure: Wyoming does not require the names of Beneficial Owners to be listed in public records.
- Private Governing Instrument: Unlike corporate bylaws which may sometimes be subject to discovery, your Trust Agreement is a private contract, keeping your succession plans and distribution rules confidential.
3. Premier Tax Advantages
Wyoming is a “tax haven” within the United States, allowing for more aggressive compounding of wealth.
- Zero State Taxes: Wyoming has no state income tax, no capital gains tax, and no corporate tax.
- No “Death” Taxes: There are no estate or inheritance taxes at the state level, ensuring your legacy transfers to the next generation intact.
- Dynasty Potential: Wyoming allows trusts to last for up to 1,000 years, effectively creating a perpetual “Dynasty Trust” that avoids transfer taxes for centuries.
4. Modern Flexibility
Gonen Statutory Trust utilizes the freedom of contract inherent in the Wyoming Statutory Trust Act.
- Custom Governance: You aren’t boxed in by rigid corporate statutes. You can define the rights, duties, and voting powers of Beneficial Owners in almost any way you choose.
- Directed Trusts: You can separate the “administrative” duties from “investment” decisions, allowing you to keep your preferred financial advisors while the trust handles the legal heavy lifting.
The Gonen Advantage: We provide a global financial vision executed through the most stable and protective local statutes in the country. We don’t just manage assets; we secure legacies.