Maine Trust Agreement Nike Securities, L.P., The Chase Manhattan Bank, BISYS Fund Services Ohio, Inc. and First Trust Advisors, L.P.

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9036
• Format: Word; Rich Text

Description

Trust Agreement btwn Nike Securities, L.P., The Chase Manhattan Bank, BISYS Fund Services Ohio, Inc. and First Trust Advisors, L.P. dated Dec. 30, 1999. 29 pages Maine Trust Agreement is a legal document that establishes the terms and conditions for a trust relationship involving Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. In this specific trust agreement, Nike Securities, L.P. is the named trustee responsible for managing the assets held in the trust. The Chase Manhattan Bank acts as the custodian, safeguarding the assets and executing transactions as directed by the trustee. BASIS Fund Services Ohio, Inc. provides administrative services such as record-keeping, accounting, and reporting for the trust. First Trust Advisors, L.P. serves as an investment advisor, providing guidance and expertise in managing and growing the trust assets. The Maine Trust Agreement can be customized to meet specific needs and objectives, depending on the type of trust being established. Some types of Maine Trust Agreement include: 1. Revocable Trust: A revocable trust allows the trust or (the person creating the trust) to retain control over the assets during their lifetime. They can make changes or even revoke the trust if desired. This type of trust is commonly used for estate planning purposes and to avoid probate. 2. Irrevocable Trust: An irrevocable trust, as the name suggests, cannot be changed or revoked by the trust or once it is established. This type of trust is often used for tax planning, asset protection, and charitable giving, as it removes the assets from the trust or's estate and provides certain legal protections. 3. Testamentary Trust: A testamentary trust is created through a will and comes into effect only upon the trust or's death. It allows assets to be managed and distributed according to the trust or's wishes, such as providing for children or other beneficiaries. 4. Special Needs Trust: This type of trust is designed to provide for the needs of individuals with disabilities, ensuring that their eligibility for government benefits is not jeopardized. The trust assets can supplement public assistance programs and provide for the beneficiary's care and quality of life. 5. Charitable Remainder Trust: A charitable remainder trust allows the trust or to donate assets to a charity while retaining an income stream or other benefits during their lifetime. After the trust or's death, the remaining assets go to the designated charity or charities. Each type of Maine Trust Agreement may have specific provisions and requirements tailored to its purpose. It is crucial to consult legal and financial professionals to ensure that the trust agreement is properly drafted and executed in accordance with applicable laws and regulations.

Maine Trust Agreement is a legal document that establishes the terms and conditions for a trust relationship involving Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. In this specific trust agreement, Nike Securities, L.P. is the named trustee responsible for managing the assets held in the trust. The Chase Manhattan Bank acts as the custodian, safeguarding the assets and executing transactions as directed by the trustee. BASIS Fund Services Ohio, Inc. provides administrative services such as record-keeping, accounting, and reporting for the trust. First Trust Advisors, L.P. serves as an investment advisor, providing guidance and expertise in managing and growing the trust assets. The Maine Trust Agreement can be customized to meet specific needs and objectives, depending on the type of trust being established. Some types of Maine Trust Agreement include: 1. Revocable Trust: A revocable trust allows the trust or (the person creating the trust) to retain control over the assets during their lifetime. They can make changes or even revoke the trust if desired. This type of trust is commonly used for estate planning purposes and to avoid probate. 2. Irrevocable Trust: An irrevocable trust, as the name suggests, cannot be changed or revoked by the trust or once it is established. This type of trust is often used for tax planning, asset protection, and charitable giving, as it removes the assets from the trust or's estate and provides certain legal protections. 3. Testamentary Trust: A testamentary trust is created through a will and comes into effect only upon the trust or's death. It allows assets to be managed and distributed according to the trust or's wishes, such as providing for children or other beneficiaries. 4. Special Needs Trust: This type of trust is designed to provide for the needs of individuals with disabilities, ensuring that their eligibility for government benefits is not jeopardized. The trust assets can supplement public assistance programs and provide for the beneficiary's care and quality of life. 5. Charitable Remainder Trust: A charitable remainder trust allows the trust or to donate assets to a charity while retaining an income stream or other benefits during their lifetime. After the trust or's death, the remaining assets go to the designated charity or charities. Each type of Maine Trust Agreement may have specific provisions and requirements tailored to its purpose. It is crucial to consult legal and financial professionals to ensure that the trust agreement is properly drafted and executed in accordance with applicable laws and regulations.