Colorado Certificate of Trust with Real Property as Part of the Corpus

State:
Multi-State
Control #:
US-01183BG
Format:
Word; 
Rich Text
Instant download

Description

A certificate of trust is a shortened version of a trust that verifies the trust's existence, explains the powers given to the trustee, and identifies the successor trustee(s). A certificate of a trust agreement which conveys or contains an interest in real property must generally be recorded in the office of the county clerk where deeds are recorded and the property is located.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

The certificate of trust must be a duly acknowledged affidavit or other written statement expressly made under penalty of perjury executed by any trustee and must include the following: (a) A statement that the trust exists and the date the trust instrument was executed; (b) The identity of the settlor; (c) The ...

The trust agreement is the parent document that details anything and everything regarding the trust, including its agreements. Meanwhile, the certificate of trust is used in tandem to keep nonessential information confidential.

Generally, for a standard revocable trust with a simple distribution term, the total distribution could take anywhere from 12 to 18 months. Even if there are assets, such as homes, to be sold, the Trust should be wrapped up and distributed within eighteen months.

A trust is different from other legal entities because it does not need approved by or registered with the government. Because no registration is required you may form an anonymous trust to protect your privacy.

How to Create a Living Trust in Colorado Decide which type of trust you want to make. If you are single, a single trust is probably the best option. ... Take inventory of your property. ... Pick a trustee. ... Create the trust document. ... Sign the trust in front of a notary public. Fund the trust.

A notary is not required in order for the trust agreement to be valid, although a preferred method to ensure the validity of the document in the event of a challenge.

Colorado has a statute which says the trustee of a trust having its principal place of administration in Colorado shall, within thirty days after his or her acceptance of the trust, register the trust in the court of this state at the principal place of administration.

To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.

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Colorado Certificate of Trust with Real Property as Part of the Corpus