Posted by Anonymous on 4/21/04 12:19pm
Msg #1585

Closing a loan involving a living trust

I am a fairly new notary and have a loan closing to do that involves a couple who have a living trust. On the deed document, there is a line for each of them to sign and another line for each of them to signed labeled "Trustee". There is also a space to print witness names, but no signature lines. Since they are signing as a trustee for themselves, do I have to have witnesses?

Reply by sps/wa on 4/21/04 2:19pm
Msg #1587

Depends on the state you live in. If you live in a witness state, then yes you need witness, it is up to the borrower to furnish them. Just let them know in time so they can line them up. Sometime the borrower would like this at the end of signing so their business is kept their business.
Have them sign exactly how it is printed underneath the signature line.
Also watch your initialing on the documents. If they are sign in both trustee and individuals they need to initial
John Q Dow = JQD all within the margin.
JQD,TEE