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A Certificate of Trust may need to be recorded in the county that any real property is in. That said, if there's no real property owned by the Trust, there may not be any need to record it.
Trusts aren't recorded anywhere, so you can't go to the County Recorder's office in the courthouse to ask to see a copy of the trust. However, if real estate is involved, the trust may be recorded in the local office of the county clerk.
Also, the concept of setting up a trust is not limited to an affluent individual. You can even set up a trust with as much as Rs 10,000, Mr Jhaveri adds. A will doesn???t necessarily mean a huge legacy.
How to create a living trust in California Take stock of your assets. ... Choose a trustee. ... Choose your beneficiaries. ... Draw up your Declaration of Trust. ... Consider signing your trust document in front of a notary public. ... Transfer your property to the trust.
Here are the steps to setting up a Living Trust in California: Take an inventory of your assets. Select your trustee. Designate your Beneficiaries. Write up your Declaration of Trust. Sign your Trust in front of a Notary Public (optional). Transfer assets and property to the Trust.