wyoming revocable living trust
Protect your assets, preserve your privacy, and spare your family the cost and stress of probate.
Don’t Let the Courts Decide What Happens to Your Legacy
When someone dies without a properly structured estate plan, Wyoming’s probate process takes over. That means court filings, public records, legal fees, and months of waiting before your family can access what you worked a lifetime to build. For many Cheyenne families, it also means conflict, confusion, and costs that erode the estate before it ever reaches the people you intended to protect. A revocable living trust changes that. Assets held in a properly funded trust pass directly to your beneficiaries, outside of probate, on your timeline, and without a public court record. As a revocable trust attorney serving Cheyenne and the surrounding Laramie County area, we help you build the legal structure that protects your legacy and keeps your family out of court.
We Offer Expert Help With Revocable Living Trusts
The concept of a revocable trust is straightforward. The execution is not.
Wyoming estate law requires more than signing a document. Every asset that should be protected by your trust must be correctly titled into it. A home, a brokerage account, a business interest — each one must be formally transferred so the trust actually governs it. Assets that never get retitled don’t get the benefit of the plan. They go through probate anyway.
This is where many people discover a gap. They worked with someone who drafted the trust but left the funding incomplete. Or they titled some assets and forgot others. Or they acquired new property after the trust was created and never updated the titling.
There is also the question of structure. A revocable trust is the right tool for many situations, but not every one. For some clients, an irrevocable structure better addresses concerns about Medicaid planning or asset protection from future creditors. Under Wyo. Stat. § 4-10-602, a revocable trust can be amended or revoked at any time unless the trust document expressly states otherwise — that flexibility is valuable, but it also means a revocable trust offers no protection from your own creditors during your lifetime. Knowing which structure fits your goals is a legal question, not a planning preference.
Our job is to make sure the right document is in place, and that it actually works.
Wyoming estate law requires more than signing a document. Every asset that should be protected by your trust must be correctly titled into it. A home, a brokerage account, a business interest — each one must be formally transferred so the trust actually governs it. Assets that never get retitled don’t get the benefit of the plan. They go through probate anyway.
This is where many people discover a gap. They worked with someone who drafted the trust but left the funding incomplete. Or they titled some assets and forgot others. Or they acquired new property after the trust was created and never updated the titling.
There is also the question of structure. A revocable trust is the right tool for many situations, but not every one. For some clients, an irrevocable structure better addresses concerns about Medicaid planning or asset protection from future creditors. Under Wyo. Stat. § 4-10-602, a revocable trust can be amended or revoked at any time unless the trust document expressly states otherwise — that flexibility is valuable, but it also means a revocable trust offers no protection from your own creditors during your lifetime. Knowing which structure fits your goals is a legal question, not a planning preference.
Our job is to make sure the right document is in place, and that it actually works.
A Revocable Trust Gives You Control Of Your Legacy
A revocable living trust is a flexible estate planning tool that gives you more control than a standard will. With a trust, you can manage and update your assets while you’re alive, and also decide exactly how they should be handled if you become incapacitated or after you pass away.
Avoid Probate
Your family won’t have to go through a lengthy or public legal process to access your assets.
Maintain Your Privacy
Unlike wills, which become public record when filed with the court, a trust keeps your personal affairs confidential.
Planning For Incapacity
If you’re ever unable to make decisions for yourself, the trust already names someone you trust to step in and manage your affairs.
Why Wyoming Families Choose Olsen Crecelius Legal Group
When you’re planning your estate, you want to work with people who actually know Cheyenne, not a firm that treats Wyoming as just another market. We’re a locally founded practice, and our roots here run deep. One of our founding attorneys has served in both the Wyoming House and Senate, which means our understanding of Wyoming trust law comes from being part of how it’s written, not just reading it after the fact.
We don’t just draft your trust and send you on your way. Funding your trust, actually moving your property and accounts into it, is part of what we do with you, because a trust that isn’t funded doesn’t protect your family the way it’s supposed to. You’ll know the full cost of your plan before we start, with flat-fee pricing and no surprises along the way.
Because we also handle family law and business matters, we can plan your trust around your whole situation, not just the paperwork in front of us. Whether you’re thinking about a blended family, a family business, or simply making sure your wishes are clear, we build a plan around your life as it actually is.
We don’t just draft your trust and send you on your way. Funding your trust, actually moving your property and accounts into it, is part of what we do with you, because a trust that isn’t funded doesn’t protect your family the way it’s supposed to. You’ll know the full cost of your plan before we start, with flat-fee pricing and no surprises along the way.
Because we also handle family law and business matters, we can plan your trust around your whole situation, not just the paperwork in front of us. Whether you’re thinking about a blended family, a family business, or simply making sure your wishes are clear, we build a plan around your life as it actually is.
What Our Clients Experience
When you choose Olsen Crecelius Legal Group, you’re more than a case, you’re part of our community. Here is what our past clients have shared about their experiences working with us.
Meet Your Revocable Trust Attorney
Jared Olsen, a founding partner of Olsen Legal Group, LLC, is a dedicated estate planning attorney in Wyoming. He crafts personalized trust and will-centered plans to secure families’ futures with a compassionate approach. A graduate of the University of Wyoming College of Law, Jared also holds a Master of Public Administration from the University of Wyoming and a Bachelor of Science in Political Science from Weber State University.
Recognized with the Wyoming Business Report’s 40 Under 40 and the Greater Cheyenne Chamber of Commerce’s Business Advocate of the Year awards, Jared’s expertise in estate planning, probate law, and estate administration enables him to protect your estate with expert care. Jared remains deeply connected to his community. He is a member of Cheyenne Lodge No. 1 AF&AM, the Wyoming Court Security Commission, the Wyoming Access to Justice Commission, and the Southeast Wyoming Estate Planning Council.
Recognized with the Wyoming Business Report’s 40 Under 40 and the Greater Cheyenne Chamber of Commerce’s Business Advocate of the Year awards, Jared’s expertise in estate planning, probate law, and estate administration enables him to protect your estate with expert care. Jared remains deeply connected to his community. He is a member of Cheyenne Lodge No. 1 AF&AM, the Wyoming Court Security Commission, the Wyoming Access to Justice Commission, and the Southeast Wyoming Estate Planning Council.
Frequently Asked Questions
Is a revocable living trust really necessary for my estate?
It depends on what you own and what you want to accomplish. If you have real property, financial accounts, or a business, and you want your family to avoid probate and keep your affairs private, a properly funded revocable trust is one of the most effective tools available. The alternative is leaving your estate subject to Wyoming probate — a public, court-supervised process that takes time and costs money. Whether a trust is right for your specific situation is exactly what an initial consultation is designed to answer.
Can I still manage my assets if they're in a revocable trust?
Yes. You serve as your own trustee and manage your assets the same way you always have. You can buy and sell property, access accounts, and make financial decisions without restriction. The trust structure operates in the background and becomes relevant when you pass away or become incapacitated.
What if my circumstances change after creating the trust?
The drafting process typically takes a few weeks once we have a clear picture of your assets and goals. Funding the trust — retitling property, updating account beneficiaries, and completing the Laramie County Clerk filings for real estate — takes additional time depending on what you own. We manage that process so you don’t have to track it yourself.
Will a revocable trust protect my assets from creditors?
Not during your lifetime. Because you retain control and can revoke the trust at any time, it doesn’t shield assets from your personal creditors. If creditor protection is a priority, an irrevocable trust structure may be more appropriate for that portion of your planning. We can help you evaluate whether a revocable trust, an irrevocable trust, or a combination of both best fits your goals.
What if I own property in multiple states?
Owning real estate in another state without a trust typically means your family faces probate in that state as well as Wyoming. A properly structured revocable trust can hold property across multiple states, avoiding the need for multiple probate proceedings. We coordinate the asset titling in each jurisdiction so the trust covers your full estate.
Start Building Your Revocable Living Trust Today
Your family's financial future should not depend on what the probate court decides
A revocable living trust, properly drafted and funded under Wyoming law, keeps you in control while you’re living and protects your family from unnecessary delay and expense when you’re not. Contact our Cheyenne office to schedule your consultation. We’ll review your assets and circumstances, explain your options clearly, and help you build a plan that reflects what you actually want.