Hawaii Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9075
• Format: Word; Rich Text

Description

Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank dated December 29, 1999. 14 pages Hawaii Reference Trust Agreement is a legally binding contract between Prudential Securities Incorporated and The Chase Manhattan Bank with the purpose of establishing a trust in the state of Hawaii. This agreement outlines the responsibilities, rights, and obligations of both parties involved in managing the trust assets. The trust agreement serves as a blueprint for the management and administration of the trust for the benefit of the beneficiaries. It specifies the terms and conditions under which the assets held in trust will be managed, invested, and distributed. This particular Hawaii Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank may include several variations or types, each tailored to specific circumstances or requirements. Some of these variations may include: 1. Revocable Trust Agreement: This agreement allows the granter to make changes or revoke the trust during their lifetime. It provides flexibility and control over the assets held within the trust. 2. Irrevocable Trust Agreement: In contrast to the revocable trust, this agreement cannot be altered or revoked once it is executed. It is typically used for estate planning or for protecting assets from creditors or taxation. 3. Living Trust Agreement: Also known as an inter vivos trust, this agreement is created during the granter's lifetime and allows for the seamless transfer of assets to the trust while retaining control over them. It bypasses the need for probate, ensuring privacy and efficiency. 4. Testamentary Trust Agreement: This agreement is established through a will and takes effect after the granter's death. It dictates how assets will be managed and distributed to beneficiaries as per the granter's wishes. The Hawaii Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is designed to provide a comprehensive framework for the trust's governance and administration. It covers various important aspects, including investment strategies, fiduciary duties, trustee compensation, beneficiary rights, and dispute resolution. To ensure compliance with relevant laws and regulations, this agreement may incorporate provisions related to taxation, auditing, reporting, and compliance requirements specific to Hawaii's jurisdiction. It also outlines the process for reviewing and updating the trust's terms if necessary, as well as the conditions under which the trust can be terminated or modified. By establishing the Hawaii Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank, the parties involved can effectively create a legally protected entity with clear guidelines for managing and safeguarding assets for the benefit of the trust's beneficiaries.

Hawaii Reference Trust Agreement is a legally binding contract between Prudential Securities Incorporated and The Chase Manhattan Bank with the purpose of establishing a trust in the state of Hawaii. This agreement outlines the responsibilities, rights, and obligations of both parties involved in managing the trust assets. The trust agreement serves as a blueprint for the management and administration of the trust for the benefit of the beneficiaries. It specifies the terms and conditions under which the assets held in trust will be managed, invested, and distributed. This particular Hawaii Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank may include several variations or types, each tailored to specific circumstances or requirements. Some of these variations may include: 1. Revocable Trust Agreement: This agreement allows the granter to make changes or revoke the trust during their lifetime. It provides flexibility and control over the assets held within the trust. 2. Irrevocable Trust Agreement: In contrast to the revocable trust, this agreement cannot be altered or revoked once it is executed. It is typically used for estate planning or for protecting assets from creditors or taxation. 3. Living Trust Agreement: Also known as an inter vivos trust, this agreement is created during the granter's lifetime and allows for the seamless transfer of assets to the trust while retaining control over them. It bypasses the need for probate, ensuring privacy and efficiency. 4. Testamentary Trust Agreement: This agreement is established through a will and takes effect after the granter's death. It dictates how assets will be managed and distributed to beneficiaries as per the granter's wishes. The Hawaii Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is designed to provide a comprehensive framework for the trust's governance and administration. It covers various important aspects, including investment strategies, fiduciary duties, trustee compensation, beneficiary rights, and dispute resolution. To ensure compliance with relevant laws and regulations, this agreement may incorporate provisions related to taxation, auditing, reporting, and compliance requirements specific to Hawaii's jurisdiction. It also outlines the process for reviewing and updating the trust's terms if necessary, as well as the conditions under which the trust can be terminated or modified. By establishing the Hawaii Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank, the parties involved can effectively create a legally protected entity with clear guidelines for managing and safeguarding assets for the benefit of the trust's beneficiaries.