[VA] Is a notarized Certificate of Trust sufficient for my bank and insurance company?
Good morning. I live in Virginia. I’m starting the process for my Revocable Trust and was wondering—is a Certificate of Trust a good document to use for my bank? I was told I’d need one for my insurance company when changing the name on my policy. Just want to make sure I’m going in the right direction.
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Great. Here’s the answer:
– Yes, a Certificate of Trust is the correct document.
– It summarizes your trust without exposing private details.
– Virginia law (Code § 64.2-804) says banks and insurers must generally accept a Certificate of Trust and cannot require the full document except in narrow circumstances.
– Any licensed notary can notarize it—you do not need to go to court.
– After notarization, your Certificate becomes a valid legal document (Va. Code § 64.2-799).
– An attorney review is optional but can ensure it matches your full trust.
– Both your bank and insurance company should accept it for trust-name changes or account updates.
Let me know if you have more questions!
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Good morning. I live in Virginia. I’m starting the process for my Revocable Trust and was wondering—is a Certificate of Trust a good document to use for my bank? I was told I’d need one for my insurance company when changing the name on my policy. Just want to make sure I’m going in the right direction.
Lexi, Chatbot
Have you already established the Revocable Trust, or are you still creating it?
Also, do I need to go to the courts to get this notarized or will any notary do?
Lexi, Chatbot
Are you planning to use the Certificate of Trust for any specific financial institutions or just for your insurance company?
Just for my insurance company.
Lexi, Chatbot
Anything else the lawyer should know?
I’ll need to present the document to my bank too, and my insurance company for the legal name change to the trust.
Jon
Hello! I’m Jon, a licensed attorney. Have you already had your Certificate of Trust notarized?
Planning to.
Jon
Has your bank or insurance company given you any specific requirements?
No.
Jon
Great. Here’s the answer:
– Yes, a Certificate of Trust is the correct document.
– It summarizes your trust without exposing private details.
– Virginia law (Code § 64.2-804) says banks and insurers must generally accept a Certificate of Trust and cannot require the full document except in narrow circumstances.
– Any licensed notary can notarize it—you do not need to go to court.
– After notarization, your Certificate becomes a valid legal document (Va. Code § 64.2-799).
– An attorney review is optional but can ensure it matches your full trust.
– Both your bank and insurance company should accept it for trust-name changes or account updates.
Let me know if you have more questions!
Thank you.
Jon
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