The Guam Trust Agreement, also known as the Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust, is a legally binding document that outlines the establishment and management of a trust relationship between the entities involved. This agreement sets forth the rights, obligations, and responsibilities of each party involved in the trust arrangement. In this particular arrangement, Dean Witter Reynolds, Inc. and The Bank of New York are the parties mentioned. This agreement is specifically concerned with Select Equity Trust, which is likely a specific type of trust established for investment purposes. It is important to note that without access to the actual agreement, this description is based on the given information and general knowledge of trust agreements. The Guam Trust Agreement outlines various aspects of the trust, including the purpose, duration, and termination provisions. It likely includes details regarding the assets held in the trust, such as stocks, bonds, or other investment instruments. The agreement may also cover the roles and responsibilities of the trustee, the rights and interests of the beneficiaries, and any specific instructions or restrictions related to the trust's management. It is essential to consider that there might be various types or variations of Guam Trust Agreements depending on the specific terms and conditions of each agreement. These types may include but are not limited to: 1. Revocable Trust Agreement: This type of agreement allows the granter to modify or revoke the trust during their lifetime. It provides flexibility and enables the granter to maintain control over their assets. 2. Irrevocable Trust Agreement: In contrast to the revocable trust agreement, an irrevocable trust cannot be modified or revoked once it is established. It offers potential tax advantages and asset protection, but limits the granter's control. 3. Testamentary Trust Agreement: This type of trust is established through a will and only takes effect after the granter's death. It allows the granter to designate how their assets should be managed and distributed for the benefit of specific beneficiaries. 4. Living Trust Agreement: A living trust agreement, also known as an inter vivos trust, is created and becomes active during the granter's lifetime. It allows the granter to manage their assets while potentially avoiding probate and ensuring privacy. These mentioned types are common variations of trust agreements, but it is important to consult the actual Guam Trust Agreement and its terminology to understand the specific type and nature of the agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust.