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The document outlines the Registration and Inventory Form for Trusts under the Michigan Department of Attorney General, detailing which trusts are required to file, including those with current charitable interests and certain charitable remainder trusts. It specifies information needed for registration, such as trust details, trustee information, IRS status, financial reports, and charitable beneficiaries. Additionally, it provides guidance on who should not file this form and includes a flow chart to assist in determining registration requirements.

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What are formation documents for a trust?

The most important piece of trust documentation will be the trust deed. This agreement is, essentially, what creates the trust. Outlined within the trust deed will be key pieces of information like what properties or assets will be held within the trust and who the beneficiaries are.

What are trust formation documents called?

Templates and Forms A deed of trust, also called a trust deed, is the functional equivalent of a mortgage. It does not transfer the ownership of real property, as the typical deed does. Like a mortgage, a trust deed makes a piece of real property security (collateral) for a loan.

What is the simplest form of trust?

A Simple Trust is a trust which makes no distributions other than current income. The trust terms require all its income to be distributed currently and do not provide for charitable contributions.

What are the 5 requirements to create a valid trust?

Setting up a trust: 5 steps for grantor Decide what assets to place in your trust. Identify who will be the beneficiary/beneficiaries of your trust. Determine the rules of your trust. Select your trustee or (trustees). Draft your trust document with an attorney.

What are the governing documents for a trust?

Required Documentation to Form a Trust Documents Proving Identification. Information About the Trust Beneficiaries. What is the Purpose of This Trust? Documentation Regarding Your Trusts Assets. Trust Terms and Conditions. Notarized Signatures. Funding Documentation (For Placing Assets into the Trust) Contact Information.