According to WealthManagement.com, that is:

Because Wyoming has no additional estate or income taxes, it’s an ideal place to set up a trust. There are more than 28 trusts per 1,000 households, the eighth most in the study. On average, these trusts have an income of $145,651. Trusts in Wyoming are also able to deduct a large amount of taxes. The average trust in Wyoming has deductions worth $73,100, the fifth-highest amount in our study.

According to Wyoming attorney Amy M. Staehr, Wyoming is actually number 1. A look at the table of contents to her article The Discovered Country: Wyoming’s Primacy as a Trust Situs Jurisdiction, will give you an idea of why she makes that claim (page numbers omitted):

I. INTRODUCTION
II. FROM 2011 TO THE PRESENT—UPDATES, ADDITIONS, AND
MODIFICATIONS TO WYOMING TRUST LEGISLATION
A. Background
B. Ultra Tax Friendly
C. Enhanced Trust Privacy
               1. Court Privacy
               2. Narrower Definitions of Certain Interested Parties
                          a. “Qualified Beneficiary” 
                          b. “Interested Person”
D. Modern Trust Laws 
               1. Statutory Trust Decanting
               2. Trustee’s Insurable Interest 
               3. Tenancy by the Entirety Protection 
                4. Perpetual Noncharitable Purpose Trusts
                5. Premortem Trust Contests
E. Private Family Trust Companies
F. Asset Protection
               1. Wyoming Qualified Spendthrift Trusts 
               2. Discretionary Asset Protection Trusts
               3. Wyoming Limited Liability Companies
                             a. Privacy
                             b. Veil Piercing
III. CONCLUSION 

So go (set your trust up in) Wyoming!

The ATF released its final rule on Bump Stocks today:

The final rule clarifies that the definition of “machinegun” in the Gun Control Act (GCA) and National Firearms Act (NFA) includes bump-stock-type devices, i.e., devices that allow a semiautomatic firearm to shoot more than one shot with a single pull of the trigger by harnessing the recoil energy of the semiautomatic firearm to which it is affixed so that the trigger resets and continues firing without additional physical manipulation of the trigger by the shooter.

The rule will go into effect 90 days from the date of publication in the Federal Register.

As [name your favorite reporter of talking head] might say, it remains to be seen whether the rule will withstand Supreme Court scrutiny. The argument is that regulations can outrun the underlying statute. In this case, many argue that the ATF (aka The Trump Administration) has done just that. 

Sean Davis at The Federalist does a pretty good job of fleshing out the argument. In summary, he writes,

The new bump stock ban ignores the current statutory definition of a machine gun, creates a new regulatory definition contrary to the existing statutory definition (and contrary to how the U.S. Constitution requires new laws to be passed and enacted), and falsely characterizes how bump stocks work in order to implement a nationwide gun control ban and confiscation regime.

Next, the courts will have their say. Stay tuned.

By the way, I won’t be disappointed when bump stocks are no more (though I think their danger is overstated). However, I am disappointed that the making of the new rule violated the rules of law making. The Trump Administration should be ashamed, the general public should be worried, and Congress should wake up. A few more regulatory moves by this or any other president, and Congress will be a nullity. And that’s bad. 

I hope the courts step in and shout Stop It!