District of Columbia Certificate of Trust for Successor Trustee

State:
Multi-State
Control #:
US-01183BG-4
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).
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FAQ

Trust: A legal document that spells out how a person's assets should be managed during their lifetime or after their death. Grantor: The person who sets up a trust. Trustee: The person or financial institution in charge of the trust.

If you would like to create a living trust in Washington, D.C., sign your written trust document before a notary public. To put the trust into effect, you must transfer ownership of your asset into it.

You can get a Certificate of Good Standing in person or online from the D.C. Department of Licensing and Consumer Protection. Online: Go to to CorpOnline and create an account. Once your account is created you can choose ?Request a Certificate of Good Standing.?

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.

Once a declaration of trust has been executed, subsequent declarations can be issued to confirm current terms or amend the existing agreement. Depending on the jurisdiction, the declaration of trust can also be referred to as a trust agreement or a trust document.

Public trust determinations are requested for applicants whose positions will require access to information at the high- or moderate-risk levels, based upon duties and responsibilities of the position. A public trust background investigation will include many aspects of a full security clearance investigation.

Abstract of trust is a brief version of the trust document that allows certain details of the trust (such as the names of the beneficiaries) that you want to keep confidential to be omitted.

To make a living trust in the District of Columbia, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trust's beneficiaries?that is, who will get the trust property. Create the trust document.

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District of Columbia Certificate of Trust for Successor Trustee