Originally published by Rania Combs.
In Texas a trust is a not a legal entity. Rather, it is a legal relationship in which a Trustee holds legal title for the benefit of another person called the beneficiary.
Unlike a corporation, which is required file certificate of formation with the Secretary of State, there is no such requirement for a Trust. Rather, the trust remains a private document. Those dealing with the Trustee can verify the Trustee’s authority to act on behalf of the trust by requesting documentation in the form of an affidavit of trust or certification of trust.
Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.
from Texas Bar Today http://bit.ly/2Hcdc0m
via Abogado Aly Website
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