Connecticut 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 Connecticut Trust Agreement is a legal agreement entered into between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement outlines the terms and conditions of a trust arrangement established in Connecticut, United States. The purpose of the trust is to facilitate the management, investment, and distribution of assets for the beneficiaries, as per their respective interests. Under this trust agreement, Nike Securities, L.P., acting as the granter, transfers assets or property into the trust for the benefit of the beneficiaries. The Chase Manhattan Bank, as the trustee, holds and manages these assets in accordance with the instructions and guidelines specified in the agreement. First Trust Advisors, L.P. may be appointed as the investment manager responsible for overseeing the investment of trust assets. The Connecticut Trust Agreement may encompass several types based on the specific objectives and requirements of the parties involved: 1. Revocable Trust Agreement: This type of agreement allows the granter to retain the right to modify or revoke the trust at any point during their lifetime. This provides flexibility to adapt to changing circumstances or beneficiaries' needs. 2. Irrevocable Trust Agreement: In contrast to the revocable trust, the irrevocable trust agreement cannot be altered or terminated without the consent of all parties involved. Once established, the terms and conditions are typically binding. 3. Testamentary Trust Agreement: A testamentary trust agreement is created through a will and comes into effect after the granter's death. It enables the granter to designate how their assets should be distributed and managed for the intended beneficiaries, providing for their financial well-being or specific purposes. 4. Charitable Trust Agreement: This type of trust agreement is established for charitable purposes. It involves the donation or transfer of assets to be used for philanthropic initiatives or to support specific nonprofit organizations, following the guidelines set forth by the granter. 5. Special Needs Trust Agreement: A special needs trust agreement is designed to cater to the financial needs of individuals with disabilities or special needs. It ensures that the beneficiary has access to support and resources without adversely affecting their eligibility for government assistance programs. These different types of Connecticut Trust Agreements provide structure and guidance for the management and distribution of assets held by Nike Securities, L.P., with The Chase Manhattan Bank serving as the trustee and First Trust Advisors, L.P. potentially involved in asset management. It is crucial for all parties to carefully review and understand the specific terms and provisions of the trust agreement before entering into such a legally binding arrangement.

Connecticut Trust Agreement is a legal agreement entered into between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement outlines the terms and conditions of a trust arrangement established in Connecticut, United States. The purpose of the trust is to facilitate the management, investment, and distribution of assets for the beneficiaries, as per their respective interests. Under this trust agreement, Nike Securities, L.P., acting as the granter, transfers assets or property into the trust for the benefit of the beneficiaries. The Chase Manhattan Bank, as the trustee, holds and manages these assets in accordance with the instructions and guidelines specified in the agreement. First Trust Advisors, L.P. may be appointed as the investment manager responsible for overseeing the investment of trust assets. The Connecticut Trust Agreement may encompass several types based on the specific objectives and requirements of the parties involved: 1. Revocable Trust Agreement: This type of agreement allows the granter to retain the right to modify or revoke the trust at any point during their lifetime. This provides flexibility to adapt to changing circumstances or beneficiaries' needs. 2. Irrevocable Trust Agreement: In contrast to the revocable trust, the irrevocable trust agreement cannot be altered or terminated without the consent of all parties involved. Once established, the terms and conditions are typically binding. 3. Testamentary Trust Agreement: A testamentary trust agreement is created through a will and comes into effect after the granter's death. It enables the granter to designate how their assets should be distributed and managed for the intended beneficiaries, providing for their financial well-being or specific purposes. 4. Charitable Trust Agreement: This type of trust agreement is established for charitable purposes. It involves the donation or transfer of assets to be used for philanthropic initiatives or to support specific nonprofit organizations, following the guidelines set forth by the granter. 5. Special Needs Trust Agreement: A special needs trust agreement is designed to cater to the financial needs of individuals with disabilities or special needs. It ensures that the beneficiary has access to support and resources without adversely affecting their eligibility for government assistance programs. These different types of Connecticut Trust Agreements provide structure and guidance for the management and distribution of assets held by Nike Securities, L.P., with The Chase Manhattan Bank serving as the trustee and First Trust Advisors, L.P. potentially involved in asset management. It is crucial for all parties to carefully review and understand the specific terms and provisions of the trust agreement before entering into such a legally binding arrangement.