Georgia Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9142
• Format: Word; Rich Text

Description

Series 204 Trust Agr. btwn Van Kampen Foods, Inc., American Portfolio Evaluation Serv., Van Kampen Investment Advisory Corp., and The Bank of New York dated Jan. 6, 2000. 5 pages The Georgia Trust Agreement is a legally binding document that establishes the terms and conditions for the relationship between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York. This agreement outlines the roles and responsibilities of each party involved in managing and executing the trust. As for the different types of Georgia Trust Agreement between the mentioned entities, there are four main categories: 1. Simple Trust Agreement: This type of trust agreement establishes a straightforward fiduciary relationship between the trust or, Van Kampen Foods, Inc., and the trustee, The Bank of New York. The Bank of New York is responsible for managing and safeguarding the assets included in the trust for the benefit of Van Kampen Foods, Inc. This agreement ensures that the trustee acts in the best interest of the trust or, following all applicable state laws and regulations. 2. Revocable Trust: A revocable trust agreement allows Van Kampen Foods, Inc. to have more flexibility and control over the trust assets. They can modify or terminate the trust agreement at any time, as long as they are alive and legally competent. The trustee, The Bank of New York, is obligated to fulfill Van Kampen Foods, Inc.'s instructions and handle the trust assets accordingly. 3. Irrevocable Trust: An irrevocable trust agreement is binding and cannot be modified or terminated without the consent of all parties involved, including Van Kampen Foods, Inc., The Bank of New York, and other designated beneficiaries. This type of trust agreement is typically created to protect assets from estate taxes and creditors. The Bank of New York acts as the trustee and has the responsibility to manage and distribute the trust assets according to the terms outlined in the agreement. 4. Testamentary Trust: A testamentary trust is established through the instructions in the will of Van Kampen Foods, Inc. The trust agreement takes effect upon their death. This type of trust allows Van Kampen Foods, Inc. to provide for the future financial needs of their beneficiaries, as outlined in the trust document. The Bank of New York acts as the trustee and administers the trust assets in accordance with the directions specified in the will. In all types of Georgia Trust Agreements between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York, the role of American Portfolio Evaluation Services is to provide expert evaluation and analysis of the investment portfolio held within the trust. Van Kampen Investment Advisory Corp. may also be involved in providing investment advice and strategic guidance to Van Kampen Foods, Inc. and the trustee. The Bank of New York, as the trustee in these agreements, is responsible for diligently managing and safeguarding the assets held in the trust, ensuring compliance with the terms of the trust agreement, and carrying out the wishes and directives of Van Kampen Foods, Inc. Overall, the Georgia Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York serves as a crucial framework for the establishment and operation of various types of trusts, ensuring careful asset management, financial protection, and the fulfillment of the trust or's intentions and beneficiaries' needs.

The Georgia Trust Agreement is a legally binding document that establishes the terms and conditions for the relationship between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York. This agreement outlines the roles and responsibilities of each party involved in managing and executing the trust. As for the different types of Georgia Trust Agreement between the mentioned entities, there are four main categories: 1. Simple Trust Agreement: This type of trust agreement establishes a straightforward fiduciary relationship between the trust or, Van Kampen Foods, Inc., and the trustee, The Bank of New York. The Bank of New York is responsible for managing and safeguarding the assets included in the trust for the benefit of Van Kampen Foods, Inc. This agreement ensures that the trustee acts in the best interest of the trust or, following all applicable state laws and regulations. 2. Revocable Trust: A revocable trust agreement allows Van Kampen Foods, Inc. to have more flexibility and control over the trust assets. They can modify or terminate the trust agreement at any time, as long as they are alive and legally competent. The trustee, The Bank of New York, is obligated to fulfill Van Kampen Foods, Inc.'s instructions and handle the trust assets accordingly. 3. Irrevocable Trust: An irrevocable trust agreement is binding and cannot be modified or terminated without the consent of all parties involved, including Van Kampen Foods, Inc., The Bank of New York, and other designated beneficiaries. This type of trust agreement is typically created to protect assets from estate taxes and creditors. The Bank of New York acts as the trustee and has the responsibility to manage and distribute the trust assets according to the terms outlined in the agreement. 4. Testamentary Trust: A testamentary trust is established through the instructions in the will of Van Kampen Foods, Inc. The trust agreement takes effect upon their death. This type of trust allows Van Kampen Foods, Inc. to provide for the future financial needs of their beneficiaries, as outlined in the trust document. The Bank of New York acts as the trustee and administers the trust assets in accordance with the directions specified in the will. In all types of Georgia Trust Agreements between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York, the role of American Portfolio Evaluation Services is to provide expert evaluation and analysis of the investment portfolio held within the trust. Van Kampen Investment Advisory Corp. may also be involved in providing investment advice and strategic guidance to Van Kampen Foods, Inc. and the trustee. The Bank of New York, as the trustee in these agreements, is responsible for diligently managing and safeguarding the assets held in the trust, ensuring compliance with the terms of the trust agreement, and carrying out the wishes and directives of Van Kampen Foods, Inc. Overall, the Georgia Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York serves as a crucial framework for the establishment and operation of various types of trusts, ensuring careful asset management, financial protection, and the fulfillment of the trust or's intentions and beneficiaries' needs.