Virgin Islands Certificate or Memorandum of Trust Agreement

State:
Multi-State
Control #:
US-02330BG
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

In most states a certificate or memorandum of a trust agreement which conveys or entrusts an interest in real property may be recorded with the land records clerk of the appropriate county in lieu of the entire trust agreement. The certificate must be executed by the trustee and it must contain the following: (a) the name of the trust; (b) the street and mailing address of the office, and the name and street and mailing address of the trustee; (c) the name and street and mailing address of the trustor or grantor; (d) a legally sufficient description of all interests in real property owned by or conveyed to the trust; (e) the anticipated date of termination of the trust; and (f) the general powers granted to the trustee.

Free preview
  • Preview Certificate or Memorandum of Trust Agreement
  • Preview Certificate or Memorandum of Trust Agreement

How to fill out Certificate Or Memorandum Of Trust Agreement?

Are you in a placement where you need to have paperwork for sometimes organization or personal purposes virtually every working day? There are plenty of legal document web templates accessible on the Internet, but finding versions you can rely isn`t easy. US Legal Forms provides a large number of kind web templates, such as the Virgin Islands Certificate or Memorandum of Trust Agreement, that happen to be created to meet state and federal requirements.

In case you are presently informed about US Legal Forms internet site and get an account, merely log in. Following that, it is possible to obtain the Virgin Islands Certificate or Memorandum of Trust Agreement template.

If you do not offer an bank account and would like to begin using US Legal Forms, adopt these measures:

  1. Find the kind you need and ensure it is for that right city/region.
  2. Take advantage of the Preview option to analyze the shape.
  3. Read the explanation to actually have chosen the appropriate kind.
  4. In case the kind isn`t what you`re searching for, take advantage of the Research field to obtain the kind that meets your requirements and requirements.
  5. When you obtain the right kind, just click Buy now.
  6. Choose the prices plan you desire, submit the required details to produce your bank account, and pay for the order making use of your PayPal or bank card.
  7. Choose a handy document format and obtain your version.

Locate each of the document web templates you possess purchased in the My Forms menu. You can obtain a further version of Virgin Islands Certificate or Memorandum of Trust Agreement whenever, if required. Just click the needed kind to obtain or print the document template.

Use US Legal Forms, one of the most considerable variety of legal kinds, to save lots of some time and stay away from errors. The services provides professionally made legal document web templates which you can use for a variety of purposes. Make an account on US Legal Forms and start making your lifestyle easier.

Form popularity

FAQ

Types of BVI Trusts: The most common types of BVI Trusts are discretionary trusts, fixed interest trusts, VISTA trusts and non-charitable purpose trusts.

Specific purpose trusts are most commonly used to purchase or maintain a burial plot after the original asset holder is deceased, to pay for the care of animals that are considered assets (such as a racehorse), or to fund projects and initiatives that aren't created by registered charities.

Principal features of BVI purpose trusts The trust must have an enforcer, who must be a different person from the trustee. It is the fiduciary duty of the enforcer to enforce the trust. The purpose (i.e. the object towards which the trust property will be applied) needs to be specified in the trust instrument.

A VISTA trust is, therefore, the ideal structure where a settlor wishes to settle shares in a BVI company on trust for succession planning or other reasons, but wishes to retain control over the management of the company and its assets during his lifetime.

Just as it sounds, 'special purpose' trusts are set up to help a particular beneficiary or group of beneficiaries. When tailored carefully to meet the beneficiaries' requirements, they are a useful way to implement the wishes of the person establishing the trust.

This includes tax planning, family wealth management, the protection and preservation of assets, or for estate succession purposes, to avoid the expense and delay of obtaining a grant from the court to administer the estate of a deceased.

The most common types of BVI Trusts are discretionary trusts, fixed interest trusts, VISTA trusts and non-charitable purpose trusts.

Trusted and secure by over 3 million people of the world’s leading companies

Virgin Islands Certificate or Memorandum of Trust Agreement