Mississippi Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9034
• Format: Word; Rich Text

Description

Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P. dated January 4, 2000. 18 pages A Mississippi Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. refers to a legally binding document outlining the terms and conditions under which these entities collaborate to establish and maintain a trust in Mississippi. This trust agreement establishes a fiduciary relationship where Nike Securities, L.P. acts as the granter or settler, The Chase Manhattan Bank assumes the role of the trustee, and First Trust Advisors, L.P. serves as the investment advisor. The main purpose of this agreement is to ensure the effective management and investment of assets or funds placed in the trust, while also providing for the beneficiaries' interests. It allows Nike Securities, L.P., as the granter, to establish specific instructions regarding the assets being placed in the trust, outlining their desired investment goals, potential distributions, and any other relevant provisions. Types of Mississippi Trust Agreements between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. may include: 1. Revocable Trust Agreement: This type of trust allows Nike Securities, L.P. to retain control over the assets placed in trust during their lifetime. The terms of the agreement can be modified or revoked entirely by the granter, providing flexibility. 2. Irrevocable Trust Agreement: In contrast to a revocable trust, an irrevocable trust cannot be easily modified or revoked by the granter, offering more protection to the assets placed within the trust. This type of trust is often used for estate planning purposes or to protect assets from potential creditors. 3. Testamentary Trust Agreement: This trust agreement comes into effect upon the death of the granter, as specified in their will. It allows Nike Securities, L.P. to provide for the management and distribution of assets to beneficiaries, ensuring their needs are met even after the granter's passing. 4. Charitable Trust Agreement: A charitable trust allows Nike Securities, L.P. to designate a portion of the trust's assets to be distributed to charitable organizations or causes. The trust agreement outlines the specific intentions and instructions for how donations should be made. In conclusion, a Mississippi Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. serves as an essential legal document governing the establishment and management of trusts in Mississippi. It provides clarity regarding the roles and responsibilities of each party involved and offers different types of agreements to cater to specific needs, including revocable, irrevocable, testamentary, and charitable trusts.

A Mississippi Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. refers to a legally binding document outlining the terms and conditions under which these entities collaborate to establish and maintain a trust in Mississippi. This trust agreement establishes a fiduciary relationship where Nike Securities, L.P. acts as the granter or settler, The Chase Manhattan Bank assumes the role of the trustee, and First Trust Advisors, L.P. serves as the investment advisor. The main purpose of this agreement is to ensure the effective management and investment of assets or funds placed in the trust, while also providing for the beneficiaries' interests. It allows Nike Securities, L.P., as the granter, to establish specific instructions regarding the assets being placed in the trust, outlining their desired investment goals, potential distributions, and any other relevant provisions. Types of Mississippi Trust Agreements between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. may include: 1. Revocable Trust Agreement: This type of trust allows Nike Securities, L.P. to retain control over the assets placed in trust during their lifetime. The terms of the agreement can be modified or revoked entirely by the granter, providing flexibility. 2. Irrevocable Trust Agreement: In contrast to a revocable trust, an irrevocable trust cannot be easily modified or revoked by the granter, offering more protection to the assets placed within the trust. This type of trust is often used for estate planning purposes or to protect assets from potential creditors. 3. Testamentary Trust Agreement: This trust agreement comes into effect upon the death of the granter, as specified in their will. It allows Nike Securities, L.P. to provide for the management and distribution of assets to beneficiaries, ensuring their needs are met even after the granter's passing. 4. Charitable Trust Agreement: A charitable trust allows Nike Securities, L.P. to designate a portion of the trust's assets to be distributed to charitable organizations or causes. The trust agreement outlines the specific intentions and instructions for how donations should be made. In conclusion, a Mississippi Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. serves as an essential legal document governing the establishment and management of trusts in Mississippi. It provides clarity regarding the roles and responsibilities of each party involved and offers different types of agreements to cater to specific needs, including revocable, irrevocable, testamentary, and charitable trusts.