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What is a certificate of trust existence and authority?

A:

Quick Answer

A certificate of trust existence and authority is a document that allows for the transfer of assets to a trust and summarizes information regarding an existing trust agreement, according to US Legal. The document does not name trust beneficiaries.

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Full Answer

A certificate of trust existence and authority is used to transfer assets to a trust when the trustee wishes the terms of the trust agreement to remain confidential, advises US Legal. Otherwise, the trustee must present a copy of the trust agreement itself. People create trusts to avoid probate and reduce taxes, explains Hoopes, Adams & Alexander, PLC. The trustee only has control over the assets transferred to the trust.

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