Filing a certificate of trust is often a one-time event. However, sometimes you may need to update a certificate of trust. This could be the case if the trust sells or acquires any real property.

Authorization statement. In Minnesota (but not California, South Carolina or Oregon), the certificate of trust must contain the statement, "The trustees are authorized by the instrument to sell ...

On November 24, 2023, the IRS released PLR 202347001, ruling that certificates issued from an “exchange trust” qualify as stripped bonds or stripped coupons within the meaning of Code Section ...