District of Columbia Certificate of Trust with Real Property as Part of the Corpus

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Multi-State
Control #:
US-01183BG
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Word; 
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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 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.

The most important thing to remember about trusts is that they are treated as a separate legal entity, where ownership is divided between the trustee and the beneficiary or beneficiaries. The trustee has legal ownership over the trust assets, meaning they are the ones who can administer the property.

A certificate of trust ? also called a ?trust certificate? or ?memorandum of trust? ? is a legal document that's often used to prove (or ?certify?) a trust exists and to provide information about its important terms.

As long as you are confident that your trust is validly formed in ance with state law, recording is not required nor necessary. However, for extra peace of mind, you may choose to record your Certificate of Trust with the county clerk's office in order to protect it from unauthorized changes or access.

A properly drawn Trust is a separate entity that does not die when the trustor dies. The successor trustee can take over management of the Trust estate and do everything the Trust provisions allow, such as paying expenses and taxes and distributing the Trust assets to the beneficiaries without court supervision.

General Information. In its simplest form, a trust is created when property is held by one person or entity for the benefit of another or others. A variety of trust-related actions are filed in the Probate Division.

Within four months of its inception, a charitable trust must file the Application for Registration as a Charitable Trust, a copy of the trust instrument, and a $25 dollar filing fee made payable to the Secretary of State.

A Trust Certification gives a Trustee the ability to provide anyone who needs it (think: financial institutions or other third parties) important information about the Trust - like the date it was formed, the legal/formal name of the Trust, who the Trustee is (or Trustees are) and other information institutions may ...

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District of Columbia Certificate of Trust with Real Property as Part of the Corpus