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.
The Illinois Certificate of Trust with Real Property as Part of the Corpus is a legal document that outlines the details and provisions of a trust that includes real property as part of its assets. This certificate serves as evidence that a trust exists and provides important information to third parties, such as financial institutions or title companies, who may require proof of the trust's existence and authority. The Illinois Certificate of Trust with Real Property as Part of the Corpus typically includes the following key elements: 1. Trust Identification: The certificate begins by identifying the trust, including its name, date of creation, and the name of the granter or settler who established the trust. 2. Trustee Information: The certificate lists the name(s) and contact information of the trustee(s) responsible for managing and administering the trust. This information is crucial for third parties who may need to communicate with the trustee(s). 3. Trust Powers: This section outlines the powers and authority granted to the trustee(s) in managing the trust's assets, including any specific provisions related to real property. 4. Real Property Description: The certificate provides a detailed description of the real property that is part of the trust's corpus. This description includes the property's address, legal description, and any other relevant details that accurately identify the property. 5. Trustee Powers Concerning Real Property: This section specifies the trustee's authority to manage, sell, lease, or otherwise deal with the real property on behalf of the trust. It may also outline any restrictions or limitations imposed by the granter regarding the real property. 6. Trustee Certification: The certificate includes a statement by the trustee(s) declaring that they have the authority to act on behalf of the trust and that the information provided in the certificate is accurate and complete. This certification is often witnessed or notarized to enhance its validity. In Illinois, there are no specific subtypes or separate certificates for trusts with real property as part of the corpus. The Illinois Certificate of Trust is a comprehensive document that can include any type of assets, including real property. However, the specific terms and provisions related to real property may differ depending on the specific trust agreement and the preferences of the granter. Keywords: Illinois Certificate of Trust, real property, corpus, trust identification, trustee information, trust powers, real property description, trustee powers concerning real property, trustee certification.
