Arizona Amendment to Trust Agreement Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9324
• Format: Word; Rich Text

Description

First Amendment to Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company dated May 15, 1999. 7 pages. The Arizona Amendment to the Trust Agreement is a legal document that outlines the changes made to the existing trust agreement between Polaris Industries, Inc. and Fidelity Management Trust Company in the state of Arizona. This amendment serves to modify or add provisions to the original trust agreement, addressing specific circumstances or requirements that have arisen since its inception. Keywords: Arizona Amendment to Trust Agreement, Polaris Industries, Inc., Fidelity Management Trust Company, legal document, trust agreement modification, provisions, circumstances, requirements. There can be different types of Arizona Amendments to the Trust Agreement, each addressing different aspects or changes in the existing trust agreement. Some common types include: 1. Modification of Beneficiary Designation: This type of amendment focuses on adding or removing beneficiaries from the trust agreement. It may involve adding new beneficiaries due to birth, marriage, or other life events, or it may involve removing beneficiaries due to various reasons, such as changes in relationships or disqualification. 2. Change of Trustee: If there is a need to replace or appoint a new trustee for the trust, an amendment is made to the trust agreement, specifying the new trustee's details, responsibilities, and powers. This amendment ensures a smooth transition in trust management and administration. 3. Alteration of Trust Terms: In some cases, the trust terms may need to be modified to accommodate changing circumstances, tax implications, or legal requirements. The Arizona Amendment to the Trust Agreement can address changes in trust duration, disbursement schedules, investment strategies, or any other terms specified in the original agreement. 4. Addition of Special Provisions: Amendments may be made to include special provisions in the trust agreement. These provisions can address specific concerns or requirements of the trust or beneficiaries. For example, a special provision could be added to allocate funds for educational purposes, charitable donations, or medical expenses. 5. Reformation or Termination of Trust: In certain situations, the trust may need to be reformed or terminated altogether. Reformation may involve modifying the trust's purpose or objectives. Termination could occur when the trust no longer serves its intended purpose or when all beneficiaries have received their allocated assets. Amendments are made to the trust agreement to reflect these changes and ensure compliance with relevant legal regulations. It is important to note that the specific types of amendments to the trust agreement may vary depending on the unique circumstances and requirements of the trust in question.

The Arizona Amendment to the Trust Agreement is a legal document that outlines the changes made to the existing trust agreement between Polaris Industries, Inc. and Fidelity Management Trust Company in the state of Arizona. This amendment serves to modify or add provisions to the original trust agreement, addressing specific circumstances or requirements that have arisen since its inception. Keywords: Arizona Amendment to Trust Agreement, Polaris Industries, Inc., Fidelity Management Trust Company, legal document, trust agreement modification, provisions, circumstances, requirements. There can be different types of Arizona Amendments to the Trust Agreement, each addressing different aspects or changes in the existing trust agreement. Some common types include: 1. Modification of Beneficiary Designation: This type of amendment focuses on adding or removing beneficiaries from the trust agreement. It may involve adding new beneficiaries due to birth, marriage, or other life events, or it may involve removing beneficiaries due to various reasons, such as changes in relationships or disqualification. 2. Change of Trustee: If there is a need to replace or appoint a new trustee for the trust, an amendment is made to the trust agreement, specifying the new trustee's details, responsibilities, and powers. This amendment ensures a smooth transition in trust management and administration. 3. Alteration of Trust Terms: In some cases, the trust terms may need to be modified to accommodate changing circumstances, tax implications, or legal requirements. The Arizona Amendment to the Trust Agreement can address changes in trust duration, disbursement schedules, investment strategies, or any other terms specified in the original agreement. 4. Addition of Special Provisions: Amendments may be made to include special provisions in the trust agreement. These provisions can address specific concerns or requirements of the trust or beneficiaries. For example, a special provision could be added to allocate funds for educational purposes, charitable donations, or medical expenses. 5. Reformation or Termination of Trust: In certain situations, the trust may need to be reformed or terminated altogether. Reformation may involve modifying the trust's purpose or objectives. Termination could occur when the trust no longer serves its intended purpose or when all beneficiaries have received their allocated assets. Amendments are made to the trust agreement to reflect these changes and ensure compliance with relevant legal regulations. It is important to note that the specific types of amendments to the trust agreement may vary depending on the unique circumstances and requirements of the trust in question.