Field Description - Owner Trustee Flag

The Owner Trustee Flag determines if the owner is a trustee.  The Trustee can be assigned to Owner 1, Owner 2 or Owner 3.  To indicate the owner is a Trustee set this field to TRUST.  To indicate the owner is not a Trustee, leave this field blank.  

Notes:

• If an owner is set to be a Trustee, the text TRUSTEE prints immediately following the registrant's name on the registration form.

• For companies, the word TRUST should be included in the company name (for example:  SMITH FAMILY TRUST) and that any companies listed on the registration are Trusts.

• When an individual who has a current registration for a motor vehicle decides to put the vehicle into a living trust, that individual is no longer the owner of the vehicle.  The trust as a separate entity assumes ownership of the vehicle.  Therefore, this type of transaction must be processed as a new registration even if the person named in the trust owned the vehicle before.  This means payment of excise tax, registration fees, new title application and completion of a yellow use tax certificate.

• To determine what name(s) must appear on the registration and/or title application, the customer must furnish a copy of the trust papers.  For example, if Jane and Harry Brown are setting up a trust together, it would be considered a family trust and the registration would read "The Brown's Family Trust".  In this case either husband or wife can sign the paperwork and no trustee is named on the registration and/or title application.  If the trust papers read "Jane Brown Trust" and John Doe is named as trustee, the paperwork should read "Jane Brown Trust/John Doe, Trustee".  In this situation, the trustee, John Dow would sign the registration and title documents.

• When a vehicle is being placed in a trust, sometimes there is time left on the registration and the person whose name is on the registration will request excise tax and registration credit.

Where-Maintained:  New Registration Wizard - Enter Owner Information Step
New Registration Wizard - Enter Secondary Owner Step
New Registration Wizard - Enter Tertiary Owner Information Step

Where-Used:  Vehicle Registrations

Format:  predefined, Trust or leave blank