What is a trust certification?

Trust certification is a legal document filed with the Washington Department of Revenue. It is used to verify that the trust meets the requirements to qualify for certain tax benefits. Trust certification is an important part of trust administration, as it is necessary for the trust to obtain the benefits that it is entitled to. Trust certification documents outline the details surrounding the trust, including its purpose, beneficiaries, trustees, and other related information. The certification also requires certain information related to the trust’s operation, such as a list of all trust assets and beneficiaries, plans for asset distribution and trust liquidation, a trust agreement, and other documents. Trust certification is required by the state of Washington so that the trust can be registered to obtain tax benefits. Without trust certification, the trust cannot receive certain tax exemptions or deductions. With trust certification, the trust can enjoy the full benefits of being a qualified trust and the beneficiaries can enjoy the full benefit of tax savings. Trust certification is just one tool available for trusts in Washington. Trusts may also need to comply with other state or federal laws in order to obtain their desired tax benefits, such as getting a tax identification number (TIN) from the Internal Revenue Service or filing a trust tax return with the state.

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