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Abstract of trust

Definition

A shortened version of a Living Trust document, leaving out certain details (what is in the trust, the beneficiaries' identity).  This is often used to provide proof that a trust has been established  to a financial organization or other institution, without revealing specifics that you want to keep private.

Also known as a Certification of Trust.

See also

Definition from Nolo’s Plain-English Law Dictionary

Definition provided by Nolo’s Plain-English Law Dictionary.

August 19, 2010, 5:10 pm