Lorain County Memorandum of Trust Forms (Ohio)

Form Package

Memorandum of Trust

State

Ohio

Area

Lorain County

Price

$27.97

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Included Forms

All Lorain County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following Ohio and Lorain County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Memorandum of Trust Forms:

• Lorain County

Including:

• Amherst
• Avon
• Avon Lake
• Columbia Station
• Elyria
• Grafton
• Kipton
• Lagrange
• Lorain
• North Ridgeville
• Oberlin
• Sheffield Lake
• Wellington

What is the Ohio Memorandum of Trust

Ohio Memorandum of Trust

Under O.R.C. 5301.255, the memorandum of trust is a document that certifies a trustee has the authority to act on behalf of an existing trust. The trustee is the person or entity who holds title to a trust's assets on behalf of a settlor. A trustee might furnish a memorandum of trust upon the request of a lending institution or other third party in lieu of the trust document.

The memorandum is an abstract of the trust document, containing only relevant information about the trust, such as the identity and powers or restriction of powers of the trustee relative to real property, the name of the trust's settlor, and the name and date of the trust. The identity of any party having a beneficial interest in the trust is not disclosed. The memorandum might also quote relevant sections of the trust document directly.

Like all recorded documents concerning real property, the memorandum must also contain a legal description of the real property subject to the trust, the property's parcel identification number, and information about the prior deed granting title to the trustee. The document is executed and acknowledged by the trustee in front of a notary before it is recorded in the county wherein the real property subject to the trust is located. In special cases, such as with a disclosed but unrecorded trust in the State of Ohio, the memorandum is executed by the settlor and the trustee together, attested by witnesses, and acknowledged by the settlor and trustee.

(Ohio Memorandum of Trust Package includes form, guidelines, and completed example)

Our Promise

The documents you receive here will meet, or exceed, the Lorain County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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