CA DMV
VIRP Manual
Executive Summary
California DMV VIRP section 11.190 (Trust Transfers (VC §5600)) covers establishment of a trust commits the property or assets of an individual(s) to a trustee for use or safekeeping. Definitions: Beneficiary—The one for whose benefit a trust is created. Part of Transfers. Tags Clinic hosts the official manual text unchanged below for dealers and registration services in California.
Key Takeaways
- Establishment of a trust commits the property or assets of an individual(s) to a trustee for use or safekeeping.
- Definitions: Beneficiary—The one for whose benefit a trust is created.
- Co-trustees—Two or more persons who are entrusted with property for the benefit of one or more persons.
- Settlor—The term “settlor” is frequently used instead of “trustor.” Successor Trustee—A trustee who follows or succeeds an earlier trustee and who generally….
- Trust—An arrangement where property is transferred with an intention that it be held and administered by a trustee for the benefit of some third party or….
Important Facts
- Manual section
- 11.190
- Chapter
- Transfers
- Manual text
- Verbatim DMV VIRP source below the overview