To keep your new series legally distinct, you must “silo” its finances. If you pay for Series A expenses using the Master Trust’s bank account, a creditor could argue that the series is just an “alter ego” of the trust and break your liability protection.
1. Series-Specific Operating Budget
Use this structure to track the inflows and outflows of the Gonen Statutory Trust – [Series Name].
| Category | Item Description | Monthly Target | Actual (Month 1) |
|---|---|---|---|
| Income | Rental Income / Investment ROI | $0.00 | $0.00 |
| Fixed Exp. | Registered Agent Fee (Pro-rata) | $0.00 | $0.00 |
| Fixed Exp. | Insurance Premium (Series Specific) | $0.00 | $0.00 |
| Variable | Maintenance / Repairs | $0.00 | $0.00 |
| Admin | Wyoming Annual Report Fee (Share) | $0.00 | $0.00 |
| TOTAL | Net Series Cash Flow | $0.00 | $0.00 |
2. The “Silo” Rules for Success
To maintain the statutory protection provided by W.S. § 17-23-108, you must follow these three operational “commandments”:
- Separate Tax Identity: Do not use the Master Trust EIN for this series. Once you receive the new EIN from the IRS, use it exclusively for this series’ filings.
- No Commingling: If the Master Trust needs to fund the Series, do not just pay the Series’ bills. Instead, record a formal “Capital Contribution” or a “Loan” from the Master Trust to the Series, and physically move the cash into the Series bank account first.
- Specific Signing: When signing any contract (leases, utility bills, etc.), always sign as: “[Your Name], Trustee for Gonen Statutory Trust – [Series Name].”
- Annual Report Due Date: January 2nd of every year.
- The Fee: Usually $100.00 for trusts (plus a small convenience fee if filing online).
- The Trap: Even though you are creating this series in March 2026, the entire trust’s annual report is due at the start of the year. Mark January 2, 2027, on your calendar now to avoid the $100 late penalty or administrative dissolution.