A Memorandum of Trust (also known as a Certification of Trust under W.S. § 4-10-1014) is a condensed version of your Trust Agreement.
Banks almost always require this because they need to verify your authority as a Trustee without seeing the private details of your beneficiaries or specific distribution rules.
MEMORANDUM OF TRUST
(CERTIFICATION OF TRUST – WYOMING)
1. Trust Name and Series: The name of the Trust is Gonen Statutory Trust. This Memorandum specifically pertains to the series designated as: Gonen Statutory Trust – [Insert Series Name/Number] (the “Series”).
2. Date of Execution: The Gonen Statutory Trust was established on [Date of Original Trust]. The Series was established on [Date of Amendment Filing].
3. Settlor(s): The Settlor(s) of the Trust is/are [Settlor Name(s)].
4. Currently Acting Trustee(s): The currently acting Trustee(s) authorized to act on behalf of the Series is/are:
- [Trustee Name 1]
- [Trustee Name 2]
5. Taxpayer Identification Number: The Employer Identification Number (EIN) for this Series is [Insert EIN].
6. Powers of the Trustee: The Trustee(s) has/have the power to:
- Open, maintain, and close bank accounts and investment accounts.
- Execute deeds, contracts, and other legal instruments.
- Borrow money and pledge Series assets as collateral.
- [Add any other specific powers required by your bank].
7. Revocability: The Trust is [Revocable / Irrevocable]. [If Revocable: The person(s) holding the power to revoke the trust is/are: Name(s)].
8. Manner of Taking Title: Title to Series assets shall be taken as: “[Trustee Name], as Trustee of Gonen Statutory Trust – [Series Name/Number].”
9. Signatory Authority: [Select one]:
- [ ] Any one Trustee may act independently.
- [ ] All Trustees must sign together.
10. Accuracy: The undersigned Trustee(s) hereby certify that the Trust has not been revoked, modified, or amended in any manner that would cause the representations contained in this Certification to be incorrect.
SIGNATURE OF TRUSTEE(S):
[Trustee Name]
STATE OF WYOMING )
COUNTY OF _________ )
The foregoing instrument was acknowledged before me this ____ day of ____________, 2026, by [Trustee Name].
Notary Public
My Commission Expires: _________
Why this document works for your Bank:
- Statutory Compliance: It follows the requirements of W.S. § 4-10-1014, which legally compels the bank to accept this in lieu of your full trust document.
- Liability Isolation: By including the “Series Name” on the bank account title, you are clearly notifying the public (and the bank) that these funds belong to a specific protected silo.
- Privacy: You aren’t handing over your entire trust strategy to a bank teller; you are only giving them the “keys” they need to open the account.