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Michigan Applications for Certificate of Authority From Trusts

State:
Michigan
Control #:
MI-SOS-C45
Format:
PDF
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Applications for Certificate of Authority From Trusts
Michigan Applications for Certificate of Authority From Trusts are documents used to apply for a Certificate of Authority to conduct business in Michigan as a trust. The application must be completed and submitted to the Michigan Department of Licensing and Regulatory Affairs for processing. There are two types of Michigan Applications for Certificate of Authority From Trusts: Revocable Living Trusts and Irrevocable Trusts. The Revocable Living Trust Application requires information regarding the Trust, its beneficiaries, and the Trust Officer. The Irrevocable Trust Application requires information regarding the Trust, its beneficiaries, and the Trust Maker. Both applications require documentation to accompany the application, such as the trust document, proof of identity, and payment of the application fee.

Michigan Applications for Certificate of Authority From Trusts are documents used to apply for a Certificate of Authority to conduct business in Michigan as a trust. The application must be completed and submitted to the Michigan Department of Licensing and Regulatory Affairs for processing. There are two types of Michigan Applications for Certificate of Authority From Trusts: Revocable Living Trusts and Irrevocable Trusts. The Revocable Living Trust Application requires information regarding the Trust, its beneficiaries, and the Trust Officer. The Irrevocable Trust Application requires information regarding the Trust, its beneficiaries, and the Trust Maker. Both applications require documentation to accompany the application, such as the trust document, proof of identity, and payment of the application fee.

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Line 4 - Select if the Trust is Revocable or Irrevocable. If the Trust is Revocable, insert the names of the individual(s) with the power to revoke the Trust.Generally, you acquire a Certificate of Authority upon application and payment of fees. The fees and other jurisdictional requirements vary based on the state. Some states require that this statement be obtained within a certain time frame of the certificate of authority application, such as 30 or 60 days. Making a final determination to issue a Certificate of Authority. There are no minimum capital requirements to form a Washington State-chartered trust company. The Department suggests that a trustee with authority to sign for all trustees be listed as the primary contact on the application. A Certificate of Authority to establish an Illinois trust company will not be issued until all steps required to organize a trust company are completed. Please see instructions for completing this form on page 9.

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Michigan Applications for Certificate of Authority From Trusts