What is a trust certification?

A trust certification is a legal document generally issued by a bank or trust company in Minnesota that certifies the existence of a trust, and states the name of the trust and the name of the trustee responsible for managing the trust funds. In some cases, a trust certification may also provide additional information such as the date of the trust’s creation, the types of assets in the trust, and the names of the beneficiaries. Trust certifications are important when dealing with financial transactions, such as selling or transferring the property held in the trust. The certification helps prove the trust’s existence and that the trustee has the authority to make decisions about the trust’s assets. In addition, trust certifications will often list the trust’s current assets and their approximate value, so potential buyers or investors can be sure they are purchasing property with actual value. In Minnesota, trust certifications are issued by a court upon the request of the trustee, or sometimes by a bank or trust company that has been appointed by the court to serve as trustee. The requirements for obtaining a trust certification vary depending on the circumstances, such as the type of trust being certified and the rules and regulations set out by the court.

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