Does an out of state trust need to be registered with anyone in Florida in order to do business?

Asked over 1 year ago - Miami, FL

For example, can it buy/sell real estate, give mortgages, rent properties, etc. thanks

Attorney answers (3)

  1. Barry Louis Miller

    Contributor Level 9

    4

    Lawyers agree

    Answered . Generally, an out of state trust does ot need to register. We handle real estate transactions with out of state trusts routinely.

  2. Joseph Franklin Pippen Jr.

    Pro

    Contributor Level 20

    1

    Lawyer agrees

    Answered . A real estate title company will often want to check the trustee powers section of the trust before completing a real estate transaction.
    A bank will often want to have a copy of the trust before granting a mortgage on a real estate property.

    The answer given does not imply that an attorney-client relationship has been established and your best course of... more
  3. James P. Frederick

    Contributor Level 20

    1

    Lawyer agrees

    Answered . I agree with Attorney Miller. Trusts typically do not need to be registered. This is one of the advantages of using a trust. It is a private arrangement and does not require court involvement in most cases.

    James Frederick

    *** LEGAL DISCLAIMER I am licensed to practice law in the State of Michigan and have offices in Wayne and... more

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