Assets in Trust?

Yes, Lake Arrowhead is a private lake and use of the lake and improved facilities is limited to owners of residential property within the boundaries of Arrowhead Woods. A list of qualifying tracts may be found on the website. A question that arises more and more often as our members are doing financial planning is; "Who is the owner of the membership?" or "Who are the members?"

The Member(s) is the legal entity listed on the Deed of Trust for the property that is located within Arrowhead Woods. If that is an individual, a couple or any variety of shared ownership, the names on the Deed of Trust are considered members. Each membership is issued two membership cards for the use of the members and their guests.

If your residential property has been placed in a trust then the Trust is the member and the beneficiaries of the trust are allowed to use the membership. If you also own a Slip Right (a slip in a dock) the vesting of ownership in the Slip Right, also known as your pier site easement, must be the same as the vesting of ownership in the property to which it is attached. If you have moved the ownership of your home to a Trust, your Slip Right must be transferred to the Trust as well. Failure to do so may cause administrative problems and delays in the event of a sale or an inheritance.

Boats registered for use on Lake Arrowhead must have the name of the "Member" (see above) on the title to the boat. Again if the member is a Trust, the name of the Trust must be on the title of the boat. The title may have additional names listed as well, but the "Member" is responsible for the boat and the individuals that use the boat.

Placing assets in a Trust can be an excellent financial planning tool but please remember that there must be a consistent chain of ownership from property to membership to slip ownership to boat registration. If you have any questions, please contact the Arrowhead Lake Association offices at 909-337-2595.