DO I need a wyoming trust?

[Anne Christensen]

I'm just starting my real estate adventure, but I do rent my basement on my primary home.  I rent through Furnished Finder which has a standard rental contract.  I also have registered my "rental company" with the state of Maryland, where we live.  Someone contacted me about setting up a Wyoming Trust and said I was ask risk...."piercing the veil".  Any advice would be greatly appreciated! 

[Stuart Udis]

If the extent of your real estate business is renting out your basement than no, a Wyoming trust is not necessary (in fact, a Wyoming trust is not necessary for 99.9% of real estate owners)....you were contacted by a fear mongering sales person, not someone I would consider to be offering credible services.