A Florida Trust Agreement is a legally binding document that outlines the terms and conditions of a trust relationship between Dean Witter Reynolds, Inc. and The Bank of New York in regard to Select Equity Trust. This agreement serves as a reference for the establishment and administration of the trust, ensuring transparency and clarity in all trust-related matters. Key provisions of the Florida Trust Agreement may include the identification of the involved parties, the purpose and objectives of the trust, the assets and property included in the trust, the distribution or allocation of income and profits, the appointment and responsibilities of trustees, the rights and obligations of beneficiaries, and the procedures for amending or terminating the trust. In the case of the Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust, there are different types or variations that may be applicable, depending on the specific needs and preferences of the parties involved. These variations may include: 1. Revocable Trust Agreement: This type of trust agreement allows the granter (Dean Witter Reynolds, Inc.) to make changes or revoke the trust during the granter's lifetime. It offers flexibility and control to the granter but may have certain tax implications. 2. Irrevocable Trust Agreement: Unlike the revocable trust agreement, the irrevocable trust cannot be altered or revoked without the consent of all parties involved. It provides asset protection benefits and may have favorable tax implications. 3. Testamentary Trust Agreement: This type of trust agreement is created through a last will and testament and comes into effect after the granter's death. It allows the granter to designate how assets are to be managed and distributed upon their death. 4. Living Trust Agreement: Also known as an inter vivos trust agreement, this type of trust is established during the granter's lifetime and can be either revocable or irrevocable. It helps avoid probate and provides efficient management and distribution of assets. In summary, the Florida Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust is a comprehensive legal document that governs the establishment and administration of the trust. Different types of trust agreements, such as the revocable, irrevocable, testamentary, and living trust agreements, may be applicable depending on the specific circumstances of the trust relationship.