New Blog 1: Trust Affidavit

Wednesday 12 December 2012

Trust Affidavit

An affidavit of trust is a document used to prove the existence and certain terms of a trust, without disclosing the particulars of the trust plan. Along with specific pages from the trust, it contains all the information that will be needed for conducting transactions with others. It is used to avoid having to furnish a copy of the trust document to others, while providing them with the necessary information to confirm the validity of the trust and powers granted. An affidavit of trust typically contains the following: Creation of the trust and initial Trustees, Statement of revocability of the trust, Successor Trustees, Powers of the Trustees, Signature Pages. An affidavit of trust and a certificate of trust are essentially the same thing. At least they serve the same functions.