California Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9280
• Format: Word; Rich Text

Description

Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust - Select Global 30 Portfolio 2000-1 dated January 5, 2000. 6 pages. The California Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York is a legally binding document that outlines the terms and conditions of the Select Equity Trust. This agreement establishes a trust relationship between Dean Witter Reynolds, Inc. (the trust or) and The Bank of New York (the trustee) for the benefit of the trust beneficiaries. The Select Equity Trust is a specific type of trust that focuses on investing in equity securities. It allows trust beneficiaries to have exposure to a diversified portfolio of equity investments, providing potential growth and income opportunities. This trust agreement helps manage and safeguard the assets invested in the trust, while maintaining compliance with applicable laws and regulations. The California Trust Agreement Reference Trust Agreement encompasses various aspects, including the roles and responsibilities of both Dean Witter Reynolds, Inc. and The Bank of New York. It outlines the powers granted to the trustee, such as investment decisions, management of the trust assets, and distribution of income or principal to the beneficiaries. The agreement also sets forth the fiduciary duties of the trustee to act in the best interest of the beneficiaries and exercise reasonable care while carrying out their responsibilities. Additionally, the agreement may cover provisions for the administration of the trust, such as record-keeping, reporting, and accounting. It may also address any restrictions or limitations on the trustee's actions, to ensure the trust is operated within the defined scope and purpose. While the California Trust Agreement Reference Trust Agreement specifically refers to the trust relationship between Dean Witter Reynolds, Inc. and The Bank of New York regarding the Select Equity Trust, it is essential to note that there can be different types of trust agreements with varying terms and purposes. Some other examples of trust agreements commonly used in California include: 1. Revocable Living Trust Agreement: This type of agreement allows individuals to establish a trust during their lifetime, which can be modified or revoked. It typically helps with asset management and the efficient transfer of assets while avoiding the probate process. 2. Irrevocable Trust Agreement: Unlike the revocable living trust, an irrevocable trust agreement cannot be modified or repealed once established, except under certain circumstances. It often serves asset protection, estate tax planning, or charitable purposes. 3. Testamentary Trust Agreement: Drafted as part of a will, this agreement creates a trust upon the death of the individual. It outlines the distribution and management of assets for the benefit of specific beneficiaries, such as minors or individuals with special needs. 4. Charitable Trust Agreement: This agreement establishes a trust for charitable purposes, allowing individuals or organizations to donate assets while receiving certain tax benefits. It can be designed as a charitable remainder trust or a charitable lead trust. These are just a few examples of trust agreements that may exist in California, each serving different intents and purposes. The specifics of each agreement will depend on the parties involved and their objectives.

The California Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York is a legally binding document that outlines the terms and conditions of the Select Equity Trust. This agreement establishes a trust relationship between Dean Witter Reynolds, Inc. (the trust or) and The Bank of New York (the trustee) for the benefit of the trust beneficiaries. The Select Equity Trust is a specific type of trust that focuses on investing in equity securities. It allows trust beneficiaries to have exposure to a diversified portfolio of equity investments, providing potential growth and income opportunities. This trust agreement helps manage and safeguard the assets invested in the trust, while maintaining compliance with applicable laws and regulations. The California Trust Agreement Reference Trust Agreement encompasses various aspects, including the roles and responsibilities of both Dean Witter Reynolds, Inc. and The Bank of New York. It outlines the powers granted to the trustee, such as investment decisions, management of the trust assets, and distribution of income or principal to the beneficiaries. The agreement also sets forth the fiduciary duties of the trustee to act in the best interest of the beneficiaries and exercise reasonable care while carrying out their responsibilities. Additionally, the agreement may cover provisions for the administration of the trust, such as record-keeping, reporting, and accounting. It may also address any restrictions or limitations on the trustee's actions, to ensure the trust is operated within the defined scope and purpose. While the California Trust Agreement Reference Trust Agreement specifically refers to the trust relationship between Dean Witter Reynolds, Inc. and The Bank of New York regarding the Select Equity Trust, it is essential to note that there can be different types of trust agreements with varying terms and purposes. Some other examples of trust agreements commonly used in California include: 1. Revocable Living Trust Agreement: This type of agreement allows individuals to establish a trust during their lifetime, which can be modified or revoked. It typically helps with asset management and the efficient transfer of assets while avoiding the probate process. 2. Irrevocable Trust Agreement: Unlike the revocable living trust, an irrevocable trust agreement cannot be modified or repealed once established, except under certain circumstances. It often serves asset protection, estate tax planning, or charitable purposes. 3. Testamentary Trust Agreement: Drafted as part of a will, this agreement creates a trust upon the death of the individual. It outlines the distribution and management of assets for the benefit of specific beneficiaries, such as minors or individuals with special needs. 4. Charitable Trust Agreement: This agreement establishes a trust for charitable purposes, allowing individuals or organizations to donate assets while receiving certain tax benefits. It can be designed as a charitable remainder trust or a charitable lead trust. These are just a few examples of trust agreements that may exist in California, each serving different intents and purposes. The specifics of each agreement will depend on the parties involved and their objectives.