California Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9034
• Format: Word; Rich Text

Description

Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P. dated January 4, 2000. 18 pages California Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P., is a legally binding document that outlines the terms, conditions, and responsibilities of the parties involved in a trust arrangement within the state of California. This agreement is designed to facilitate the management, administration, and distribution of assets held in trust. Nike Securities, L.P. is a trusted investment firm, acting as the settler or granter of the trust, who transfers assets, such as stocks, bonds, or real estate, into the trust for the benefit of a third party or beneficiary. The Chase Manhattan Bank, serving as the trustee, is responsible for safeguarding and managing the assets per the trust provisions. First Trust Advisors, L.P. assumes the role of a co-trustee or investment advisor, working alongside The Chase Manhattan Bank to enhance the trust's investment performance and provide expertise in managing the trust assets. Key provisions covered in the California Trust Agreement may include: 1. Identification of the trust parties: The agreement clearly identifies Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. as the principal parties involved in the trust arrangement. 2. Creation and funding of the trust: The agreement outlines the specific assets transferred into the trust, including their nature and estimated value, and determines the mechanisms for future funding to ensure the trust remains adequately funded. 3. Duties and obligations of the trustee(s): The agreement delineates the responsibilities of The Chase Manhattan Bank and First Trust Advisors, L.P. These may include asset management, investment decision-making, record-keeping, and reporting requirements. 4. Rights and obligations of the beneficiaries: The agreement defines the rights and entitlements of the beneficiaries, which could consist of income distributions, access to trust information, or potential modifications to the trust under certain circumstances. 5. Investment management and strategies: The agreement may specify the investment objectives and guidelines for the trust, such as risk tolerance, diversification, and permissible investments, in order to achieve optimal investment performance. 6. Compensation and fees: The agreement determines the compensation structure for the trustee(s) and advisor(s), including any administrative fees, asset-based fees, or performance-based incentives. 7. Trust termination or modification: The agreement outlines the conditions under which the trust may be terminated, modified, or revoked, providing clarity on the process and necessary consents from all involved parties. Different types of California Trust Agreements between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P., may include revocable living trusts, irrevocable trusts, charitable remainder trusts, or special needs trusts. Each type of trust serves a unique purpose and caters to the specific needs and goals of the granter and beneficiaries involved. In conclusion, the California Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. sets forth the legal framework for the management and administration of assets held in trust, ensuring compliance with California laws and regulations while protecting the interests of all parties involved.

California Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P., is a legally binding document that outlines the terms, conditions, and responsibilities of the parties involved in a trust arrangement within the state of California. This agreement is designed to facilitate the management, administration, and distribution of assets held in trust. Nike Securities, L.P. is a trusted investment firm, acting as the settler or granter of the trust, who transfers assets, such as stocks, bonds, or real estate, into the trust for the benefit of a third party or beneficiary. The Chase Manhattan Bank, serving as the trustee, is responsible for safeguarding and managing the assets per the trust provisions. First Trust Advisors, L.P. assumes the role of a co-trustee or investment advisor, working alongside The Chase Manhattan Bank to enhance the trust's investment performance and provide expertise in managing the trust assets. Key provisions covered in the California Trust Agreement may include: 1. Identification of the trust parties: The agreement clearly identifies Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. as the principal parties involved in the trust arrangement. 2. Creation and funding of the trust: The agreement outlines the specific assets transferred into the trust, including their nature and estimated value, and determines the mechanisms for future funding to ensure the trust remains adequately funded. 3. Duties and obligations of the trustee(s): The agreement delineates the responsibilities of The Chase Manhattan Bank and First Trust Advisors, L.P. These may include asset management, investment decision-making, record-keeping, and reporting requirements. 4. Rights and obligations of the beneficiaries: The agreement defines the rights and entitlements of the beneficiaries, which could consist of income distributions, access to trust information, or potential modifications to the trust under certain circumstances. 5. Investment management and strategies: The agreement may specify the investment objectives and guidelines for the trust, such as risk tolerance, diversification, and permissible investments, in order to achieve optimal investment performance. 6. Compensation and fees: The agreement determines the compensation structure for the trustee(s) and advisor(s), including any administrative fees, asset-based fees, or performance-based incentives. 7. Trust termination or modification: The agreement outlines the conditions under which the trust may be terminated, modified, or revoked, providing clarity on the process and necessary consents from all involved parties. Different types of California Trust Agreements between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P., may include revocable living trusts, irrevocable trusts, charitable remainder trusts, or special needs trusts. Each type of trust serves a unique purpose and caters to the specific needs and goals of the granter and beneficiaries involved. In conclusion, the California Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. sets forth the legal framework for the management and administration of assets held in trust, ensuring compliance with California laws and regulations while protecting the interests of all parties involved.