Arizona Trust Certification
Last Updated on September 4, 2022 by Paul Dunn
First: This updated law prohibits third parties, such as banks, brokerage firms, and title companies, from requiring trustees to disclose the names of successor trustees unless the third party provides a verified statement justifying their request.
Second: This updated law also increases the monetary penalties for those third parties who disregard the law. Arizona’s updated law can be found at A.R.S. 14-11013. Subparagraphs E and H of Arizona’s updated law are the most noteworthy enhancements.