New Hampshire 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 New Hampshire Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a legal contract that outlines the terms and conditions of a trust relationship between these two entities. This agreement serves as a reference document and provides a detailed description of the rights, responsibilities, and obligations of both parties involved. Key features of the New Hampshire Reference Trust Agreement: 1. Purpose: The agreement clearly states the purpose of the trust, such as asset management, financial planning, or investment services, and identifies the specific objectives to be achieved. 2. Parties Involved: It identifies Prudential Securities Incorporated as the trustee and The Chase Manhattan Bank as the trust or (or granter). Any other relevant parties, such as beneficiaries or contingent beneficiaries, are also mentioned. 3. Trust Assets: The agreement enumerates the assets that are being entrusted to the trustee, which can include various types of financial instruments, securities, cash, or other tangible assets. 4. Investment Guidelines: This section outlines the investment goals and strategies to be followed by the trustee when managing the assets within the trust. It may include specific instructions regarding risk tolerance, desired asset allocation, or any restrictions on certain types of investments. 5. Prudent Investor Standard: The agreement typically incorporates the legally mandated Prudent Investor Standard, which requires the trustee to act in a prudent and reasonable manner, considering the goals of the trust, the risk profile, and the prevailing market conditions. 6. Fees and Compensation: The agreement specifies the fees or compensation to be paid to the trustee for their services. It may include details on the calculation method, invoicing, and any additional expenses to be reimbursed. 7. Reporting and Communication: The agreement outlines the reporting requirements, stating how and when the trustee will provide reports to the trust or. It also specifies the frequency of communication between the parties and the method of resolving disputes. Types of New Hampshire Reference Trust Agreements: 1. Individual Retirement Account (IRA) Trust Agreement: Specifically designed for IRA accounts, this agreement incorporates the provisions and regulations related to retirement savings and tax benefits. 2. Charitable Trust Agreement: Created when the purpose of the trust involves charitable contributions or donations, this agreement includes provisions related to tax considerations and the disbursement of assets for charitable purposes. 3. Generation-Skipping Trust Agreement: This type of agreement is utilized when the assets are intended to be passed down to multiple generations, with specific strategies in place to mitigate estate taxes and implications for future beneficiaries. 4. Special Needs Trust Agreement: This agreement is formed to provide financial support and care for individuals with special needs or disabilities while safeguarding their eligibility for government benefits. Overall, the New Hampshire Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a comprehensive agreement that addresses all relevant aspects of the trustee and trust or relationship. It ensures a clear understanding of the rights and responsibilities of each party and establishes the foundation for sound trust administration and asset management.

New Hampshire Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a legal contract that outlines the terms and conditions of a trust relationship between these two entities. This agreement serves as a reference document and provides a detailed description of the rights, responsibilities, and obligations of both parties involved. Key features of the New Hampshire Reference Trust Agreement: 1. Purpose: The agreement clearly states the purpose of the trust, such as asset management, financial planning, or investment services, and identifies the specific objectives to be achieved. 2. Parties Involved: It identifies Prudential Securities Incorporated as the trustee and The Chase Manhattan Bank as the trust or (or granter). Any other relevant parties, such as beneficiaries or contingent beneficiaries, are also mentioned. 3. Trust Assets: The agreement enumerates the assets that are being entrusted to the trustee, which can include various types of financial instruments, securities, cash, or other tangible assets. 4. Investment Guidelines: This section outlines the investment goals and strategies to be followed by the trustee when managing the assets within the trust. It may include specific instructions regarding risk tolerance, desired asset allocation, or any restrictions on certain types of investments. 5. Prudent Investor Standard: The agreement typically incorporates the legally mandated Prudent Investor Standard, which requires the trustee to act in a prudent and reasonable manner, considering the goals of the trust, the risk profile, and the prevailing market conditions. 6. Fees and Compensation: The agreement specifies the fees or compensation to be paid to the trustee for their services. It may include details on the calculation method, invoicing, and any additional expenses to be reimbursed. 7. Reporting and Communication: The agreement outlines the reporting requirements, stating how and when the trustee will provide reports to the trust or. It also specifies the frequency of communication between the parties and the method of resolving disputes. Types of New Hampshire Reference Trust Agreements: 1. Individual Retirement Account (IRA) Trust Agreement: Specifically designed for IRA accounts, this agreement incorporates the provisions and regulations related to retirement savings and tax benefits. 2. Charitable Trust Agreement: Created when the purpose of the trust involves charitable contributions or donations, this agreement includes provisions related to tax considerations and the disbursement of assets for charitable purposes. 3. Generation-Skipping Trust Agreement: This type of agreement is utilized when the assets are intended to be passed down to multiple generations, with specific strategies in place to mitigate estate taxes and implications for future beneficiaries. 4. Special Needs Trust Agreement: This agreement is formed to provide financial support and care for individuals with special needs or disabilities while safeguarding their eligibility for government benefits. Overall, the New Hampshire Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a comprehensive agreement that addresses all relevant aspects of the trustee and trust or relationship. It ensures a clear understanding of the rights and responsibilities of each party and establishes the foundation for sound trust administration and asset management.