New Mexico 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 New Mexico Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. is a legal document that outlines the terms and conditions of a trust relationship established between these entities. This agreement is relevant in the context of financial investments and asset management. Key Features of the New Mexico Trust Agreement: 1. Parties Involved: The New Mexico Trust Agreement involves three main parties — Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. Each party has specific roles and responsibilities defined within the agreement. 2. Trust Establishment: The agreement outlines the creation and establishment of a trust, which serves as a legal entity capable of holding and managing assets on behalf of beneficiaries. The trust's purpose may include investment management, wealth preservation, asset distribution, or philanthropic endeavors. 3. Trustee Responsibilities: The Chase Manhattan Bank, acting as the trustee, assumes the fiduciary role of managing the trust's assets in accordance with the terms and objectives set forth in the agreement. Their responsibilities typically include investment decisions, record-keeping, compliance, and reporting. 4. Settler's Contribution: Nike Securities, L.P., as the settler, contributes assets or funds to the trust for the benefit of designated beneficiaries. These assets could include cash, securities, real estate, or any other asset specified in the agreement. 5. Investment Management: First Trust Advisors, L.P. may be designated as the investment manager, responsible for creating and implementing investment strategies within the trust. Their role may involve asset allocation, portfolio diversification, risk management, and regular performance monitoring. 6. Beneficiaries and Distributions: The agreement identifies the beneficiaries who are entitled to receive income, principal, or both from the trust. Distribution provisions specify the timing, frequency, and nature of payments to the beneficiaries, ensuring their financial needs and objectives are met. 7. Successor Trustees or Advisors: In the event of resignation, incapacity, or removal of any party involved, the agreement may outline the process for appointing successor trustees or advisors to ensure the trust's continuous operation. Types of New Mexico Trust Agreements: 1. Revocable Living Trust: This trust agreement may allow Nike Securities, L.P. to retain the ability to amend, modify, or revoke the trust's terms during their lifetime. It usually becomes irrevocable upon the settler's death and serves as an effective tool for estate planning and avoiding probate. 2. Irrevocable Trust: In contrast to a revocable living trust, an irrevocable trust cannot be altered or revoked once established, except under certain specific circumstances. This type of trust offers potential tax benefits, asset protection, and charitable planning opportunities. 3. Charitable Remainder Trust: This specialized trust agreement enables Nike Securities, L.P. to make charitable contributions while retaining an interest in the trust's assets during their lifetime or a specified term. Upon termination, the remaining assets are distributed to designated charitable organizations. 4. Special Needs Trust: A special needs trust is designed to protect the financial well-being of individuals with disabilities while preserving their eligibility for government assistance programs. This trust agreement allows Nike Securities, L.P. to provide for the unique needs of their loved ones with special needs. By understanding the different types and provisions of New Mexico Trust Agreements between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P., all parties involved can navigate financial arrangements effectively while ensuring legal compliance and meeting their specific objectives.

New Mexico Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. is a legal document that outlines the terms and conditions of a trust relationship established between these entities. This agreement is relevant in the context of financial investments and asset management. Key Features of the New Mexico Trust Agreement: 1. Parties Involved: The New Mexico Trust Agreement involves three main parties — Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. Each party has specific roles and responsibilities defined within the agreement. 2. Trust Establishment: The agreement outlines the creation and establishment of a trust, which serves as a legal entity capable of holding and managing assets on behalf of beneficiaries. The trust's purpose may include investment management, wealth preservation, asset distribution, or philanthropic endeavors. 3. Trustee Responsibilities: The Chase Manhattan Bank, acting as the trustee, assumes the fiduciary role of managing the trust's assets in accordance with the terms and objectives set forth in the agreement. Their responsibilities typically include investment decisions, record-keeping, compliance, and reporting. 4. Settler's Contribution: Nike Securities, L.P., as the settler, contributes assets or funds to the trust for the benefit of designated beneficiaries. These assets could include cash, securities, real estate, or any other asset specified in the agreement. 5. Investment Management: First Trust Advisors, L.P. may be designated as the investment manager, responsible for creating and implementing investment strategies within the trust. Their role may involve asset allocation, portfolio diversification, risk management, and regular performance monitoring. 6. Beneficiaries and Distributions: The agreement identifies the beneficiaries who are entitled to receive income, principal, or both from the trust. Distribution provisions specify the timing, frequency, and nature of payments to the beneficiaries, ensuring their financial needs and objectives are met. 7. Successor Trustees or Advisors: In the event of resignation, incapacity, or removal of any party involved, the agreement may outline the process for appointing successor trustees or advisors to ensure the trust's continuous operation. Types of New Mexico Trust Agreements: 1. Revocable Living Trust: This trust agreement may allow Nike Securities, L.P. to retain the ability to amend, modify, or revoke the trust's terms during their lifetime. It usually becomes irrevocable upon the settler's death and serves as an effective tool for estate planning and avoiding probate. 2. Irrevocable Trust: In contrast to a revocable living trust, an irrevocable trust cannot be altered or revoked once established, except under certain specific circumstances. This type of trust offers potential tax benefits, asset protection, and charitable planning opportunities. 3. Charitable Remainder Trust: This specialized trust agreement enables Nike Securities, L.P. to make charitable contributions while retaining an interest in the trust's assets during their lifetime or a specified term. Upon termination, the remaining assets are distributed to designated charitable organizations. 4. Special Needs Trust: A special needs trust is designed to protect the financial well-being of individuals with disabilities while preserving their eligibility for government assistance programs. This trust agreement allows Nike Securities, L.P. to provide for the unique needs of their loved ones with special needs. By understanding the different types and provisions of New Mexico Trust Agreements between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P., all parties involved can navigate financial arrangements effectively while ensuring legal compliance and meeting their specific objectives.