posted Jan 4, 2016, 5:43 AM by web admin
[
updated Jan 4, 2016, 5:45 AM
]
Dec 30, 2015
There was a revision in the Minnesota Trust Law which became effective January 1, 2016 and affects trusts created before, or after, that date. The language in EPIC has been changed as follows:
Old Language
With respect to the conveyance to be made by _________ as Trustee of _______________, obtain the following for recording:
a. Complete Trust Instrument (together with any amendments) containing an unrestricted power of sale; OR Certificate of Trust (pursuant to MinnStat. 501B.56);
b. Affidavit of Trustee (pursuant to MinnStat. 501B.57); and
c. Trustee's Deed to ________________
New Language
With respect to the conveyance to be made by _________ as Trustee of _________________, obtain the following for recording:
a. Complete Trust Instrument (together with any amendments) containing an unrestricted power of sale; OR Certificate of Trust (pursuant to MinnStat. 501C.1013);
b. Affidavit of Trustee (pursuant to MinnStat. 501C.1014); and
c. Trustee’s Deed to _________________.
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