Business, Legal & Accounting Glossary
A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a “certification of trust.”
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This glossary post was last updated: 22nd April, 2020 | 2 Views.