Alaska Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9142
• Format: Word; Rich Text

Description

Series 204 Trust Agr. btwn Van Kampen Foods, Inc., American Portfolio Evaluation Serv., Van Kampen Investment Advisory Corp., and The Bank of New York dated Jan. 6, 2000. 5 pages The Alaska Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York is a legally binding contract that outlines the terms and conditions regarding the creation and administration of a trust in Alaska. This agreement establishes the roles and responsibilities of each party involved and ensures the proper management and protection of assets. Keywords: Alaska Trust Agreement, Van Kampen Foods Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., The Bank of New York, trust creation, trust administration, roles and responsibilities, asset management, asset protection. There are different types of Alaska Trust Agreements that can be tailored to specific needs and preferences. Some commonly used types are: 1. Revocable Trust Agreement: This type of trust allows the settler (Van Kampen Foods, Inc. in this case) to retain control and ownership of assets while alive. The trust can be modified or revoked at any time. 2. Irrevocable Trust Agreement: An irrevocable trust, once established, cannot be modified or revoked without the consent of all parties involved. It provides enhanced asset protection and tax planning benefits. 3. Living Trust Agreement: A living trust, also known as an inter vivos trust, becomes effective during the settler's lifetime. It allows for the seamless transfer of assets to beneficiaries upon the settler's death while avoiding probate. 4. Testamentary Trust Agreement: This type of trust is established through a will and becomes effective upon the settler's death. It allows for the distribution of assets according to the settler's instructions and can provide flexibility in estate planning. 5. Special Needs Trust Agreement: A special needs trust is designed to provide for a disabled beneficiary without disqualifying them from receiving government benefits. It allows for the management of assets on behalf of the beneficiary while safeguarding their eligibility for assistance programs. It is essential for Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York to thoroughly review and understand the terms and provisions of the Alaska Trust Agreement that best suits their specific objectives and requirements. Seeking legal and financial advice is recommended to ensure compliance with applicable laws and maximize the benefits of the trust arrangement.

The Alaska Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York is a legally binding contract that outlines the terms and conditions regarding the creation and administration of a trust in Alaska. This agreement establishes the roles and responsibilities of each party involved and ensures the proper management and protection of assets. Keywords: Alaska Trust Agreement, Van Kampen Foods Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., The Bank of New York, trust creation, trust administration, roles and responsibilities, asset management, asset protection. There are different types of Alaska Trust Agreements that can be tailored to specific needs and preferences. Some commonly used types are: 1. Revocable Trust Agreement: This type of trust allows the settler (Van Kampen Foods, Inc. in this case) to retain control and ownership of assets while alive. The trust can be modified or revoked at any time. 2. Irrevocable Trust Agreement: An irrevocable trust, once established, cannot be modified or revoked without the consent of all parties involved. It provides enhanced asset protection and tax planning benefits. 3. Living Trust Agreement: A living trust, also known as an inter vivos trust, becomes effective during the settler's lifetime. It allows for the seamless transfer of assets to beneficiaries upon the settler's death while avoiding probate. 4. Testamentary Trust Agreement: This type of trust is established through a will and becomes effective upon the settler's death. It allows for the distribution of assets according to the settler's instructions and can provide flexibility in estate planning. 5. Special Needs Trust Agreement: A special needs trust is designed to provide for a disabled beneficiary without disqualifying them from receiving government benefits. It allows for the management of assets on behalf of the beneficiary while safeguarding their eligibility for assistance programs. It is essential for Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York to thoroughly review and understand the terms and provisions of the Alaska Trust Agreement that best suits their specific objectives and requirements. Seeking legal and financial advice is recommended to ensure compliance with applicable laws and maximize the benefits of the trust arrangement.