Raleigh North Carolina Living Trust Property Record

State:
North Carolina
City:
Raleigh
Control #:
NC-E0178B
Format:
Word; 
Rich Text
Instant download

Description

This is a Living Trust Property Inventory form. A living trust is a trust established during a person's lifetime in which a person's assets and property are placed within the trust, usually for the purpose of estate planning. This form allows the Trustee to record a Description of Property, Date Acquired by Trust, Value, Date Sold or Transferred so that all property held by the trust can be accounted for including the real, personal or intellectual property.

How to fill out North Carolina Living Trust Property Record?

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Go to your county's website and search for tax maps or real property records. Go to: . Click on ?Access to Local Geospatial Data in NC?.

And although a beneficiary generally has very little control over the trust's management, they are entitled to receive what the trust allocates to them. In general, a trustee has extensive powers when it comes to overseeing the trust.

Another reason to use a trust is that it creates a veil of privacy for you and your family. Wills become part of the public record when they go through probate. Your trust will never become public record and no one needs to know what assets are in it, who your beneficiaries are, or how assets are being distributed.

Generally speaking, beneficiaries have a right to see trust documents which set out the terms of the trusts, the identity of the trustees and the assets within the trust as well as the trust deed, any deeds of appointment/retirement and trust accounts.

The deed and certificate are generally recorded together in the county's public land records. A certificate of trust reveals limited information such as the date the trust was created, the name of its creator and trustee, and the powers granted to the trustee.

Likewise, North Carolina law provides that all current trust beneficiaries have a right to receive a copy of the trust document, and a right to financial accountings and trust management records at ?reasonable intervals.? It is a good idea for a trustee to be proactive, and responsive, in providing these items to

All real estate records are public records and are available for inspection between the hours of 8 a.m. and 5 p.m. Monday through Friday. The Register of Deeds Office is located in the County and Courts Office Building, 720 East Fourth Street, Charlotte, NC 28202.

Typically, California property records are under the local county recorder's purview. However, the public can find property records at the county clerk's office in some instances. Also, property tax records are typically available at the local tax assessor's office.

Does a Beneficiary Have the Right to See the Trust? The California Probate Law section 16061.7 provides for the beneficiaries right to see the trust. Trustees should furnish beneficiaries and heirs with copies of the trust document.

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Raleigh North Carolina Living Trust Property Record