Trustee Requirements Matrix

This is not legal advice for your situation*

In response to customer inquiries regarding trustee requirements on a per-State basis, DocMagic's Compliance Department has prepared a matrix that shows which states, including the District of Columbia, require a trustee to be designated in the security instrument, and, if required, whether any restrictions apply to trustee selection, and the citation to the governing legal authority.

Here is the matrix: Trustee Requirements Matrix.

Please feel free to contact the DocMagic Compliance Department if you have any questions regarding the content of this article.

*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.