Nebraska Statutes 30-38,103. Certification of trust; contents
(a) A certification of trust may confirm the following facts or contain the following information:
Terms Used In Nebraska Statutes 30-38,103
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Decedent: A deceased person.
- Grantor: The person who establishes a trust and places property into it.
- Grantor: shall include every person from or by whom any estate or interest passes in or by any conveyance. See Nebraska Statutes 49-801
- Inter vivos: Transfer of property from one living person to another living person.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
- Testator: A male person who leaves a will at death.
- Trustee: A person or institution holding and administering property in trust.
(1) The existence of a trust and, for an inter vivos trust, the date of execution or, for a testamentary trust, the date of death of the decedent;
(2) The identity of the grantor, settlor, or testator and each currently acting trustee;
(3) The powers of the trustee and any restrictions imposed upon the trustee in dealing with the assets of the trust;
(4) The name or method of choosing successor trustees;
(5) The revocability or irrevocability of the trust and the identity of any person holding a power to revoke it;
(6) If there is more than one trustee, whether all of the currently acting trustees must, or if less than all, may, act to exercise identified powers of the trustee;
(7) The identifying number of the trust and whether it is a social security number or an employer identification number;
(8) The name of each beneficiary and the relationship to the grantor, settlor, or testator;
(9) The state or other jurisdiction under which the trust was established; and
(10) The form in which title to the assets of the trust is to be taken.
(b) The certification of trust shall contain a statement that the trust has not been revoked or amended to make any representations contained in the certification of trust incorrect and that the signatures are those of all the acting trustees.
Source
- Laws 2000, LB 1197, § 2;
- R.S.Supp.,2002, § 30-3702;
- Laws 2003, LB 130, § 103.