The Kansas Trust Agreement is a legally binding contract that establishes a fiduciary relationship between Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. The agreement outlines the terms and conditions under which these entities will handle and manage the assets held in trust. Nike Securities, L.P., as a party to the trust agreement, is a financial investment firm specializing in securities trading. They are entrusted with managing and overseeing the investment activities and strategies related to the trust's assets. The Chase Manhattan Bank, another participant in the trust agreement, acts as a custodian for the trust assets. They are responsible for safekeeping the securities, processing transactions, and providing record-keeping services. The bank also plays a crucial role in ensuring compliance with legal and regulatory requirements. BASIS Fund Services Ohio, Inc. is a financial services company that may be involved in providing administrative support for the trust agreement. They may assist with tasks such as maintaining records, reporting, and other operational activities related to the trust. First Trust Advisors, L.P. is an investment management firm that could be appointed as a trustee or an investment advisor under the Kansas Trust Agreement. As a trustee, their responsibilities include managing the trust assets and making decisions in the best interest of the beneficiaries. If acting as an investment advisor, they would provide expertise and guidance in selecting suitable investment options for the trust. The Kansas Trust Agreement can have different types depending on its purpose or specific provisions. Some common examples include: 1. Revocable Trust Agreement: This type of agreement allows the trust creator (also known as the granter) to make changes or terminate the trust during their lifetime. It provides flexibility and control over the trust assets. 2. Irrevocable Trust Agreement: In contrast to the revocable trust, an irrevocable trust cannot be altered or revoked by the granter. Once the trust is established, the assets become legally separate from the granter's estate. 3. Testamentary Trust Agreement: This agreement is created through a will and goes into effect upon the granter's death. Testamentary trusts are commonly used to manage assets and distribute them to beneficiaries according to the granter's wishes. It is important to note that the specific details and provisions of the Kansas Trust Agreement will vary based on the intentions, needs, and objectives of the parties involved, as well as the nature and purpose of the trust.