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The document or statement also contains details of the trust's purpose, its beneficiaries, and how it will be managed by the trustee. The declaration of trust is sometimes referred to as a nominee declaration.
A certification of trust is a type of declaration of trust. The difference is that it excludes the details of what property is held in the given trust and the identity of beneficiaries.
A Certification of Trust is a legal document that can be used to certify both the existence of a Trust, as well as to prove a Trustee's legal authority to act. It's shorter than the actual Trust document, and it can offer pertinent information without making every aspect of the Trust public.
Code 19-3B-1013 outlines the requirements for a certification of trust in the State of Alabama. When acquiring property in the name of a trust or transferring property to a trust, the bank or escrow company approving the transfer requires confirmation of the trustee's authority to act.
A certification of trust is a type of declaration of trust. The difference is that it excludes the details of what property is held in the given trust and the identity of beneficiaries.
PURPOSE: In order to amend a Limited Liability Company's (LLC) Certificate of Formation under Section 10A-5A-2.02 of the Code of Alabama 1975, this Certificate of Amendment and the appropriate filing fees must be filed with the Office of the Secretary of State.
If you don't want to show your trust document, in most cases you can use a shorter version of it, called a "certification of trust" or "certificate of trust" and sometimes referred to as an "abstract of trust." This document gives institutions the information they need but lets you keep some key provisions private.
Section 19-3B-1013 - Certification of Trust. Certification of trust. (8) the name in which title to trust property may be taken. (b) A certification of trust may be signed or otherwise authenticated by any trustee.