Certificate of trust is a brief version of the trust document that allows certain details of the trust that you want to keep confidential to be omitted (such as the names of the beneficiaries). It is often used to provide proof of trust formation to financial organizations or other institutions without making certain key terms public. This condensed version of the trust is widely accepted in lieu of the entire trust document, as long as certain requirements are met. Also referred to as certification of trust, memorandum of trust, or abstract of trust.
[Last updated in November of 2021 by the Wex Definitions Team]