Certifications of Trust in Oregon
From WFG Wiki
Overview
Certifications of Trust are available for use in Oregon. They resemble those used in other states in content. Or. Rev. Stat. Ann. § 130.860. Their use is encouraged and required by most underwriters.
Content
(2) The certification of trust shall contain the following information:
- (a) That the trust exists and the date the trust instrument was executed;
- (b) The identity of the settlor;
- (c) The identity and address of the currently acting trustee;
- (d) The powers of the trustee;
- (e) The revocability or irrevocability of the trust and the identity of any person holding a power to revoke the trust;
- (f) The existence or nonexistence of any power to modify or amend the trust and the identity of any person holding a power to modify or amend the trust;
- (g) The authority of cotrustees to sign or otherwise authenticate and whether all cotrustees or fewer than all are required in order to exercise powers of the trustee;
- (h) The last four digits of the settlor’s Social Security number, or the trust’s employer identification number;
- (i) The manner of taking title to trust property; and
- (j) The state, country or other jurisdiction under the laws of which the trust was established.
(3) A certification of trust must be signed or otherwise authenticated by all the trustees.
(4) A certification of trust must state that the trust has not been revoked, modified or amended in any manner that would cause the representations contained in the certification of trust to be incorrect.
