South Carolina 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 South Carolina Trust Agreement is a legal document that sets out the terms and conditions between the parties involved, including Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. This agreement establishes a trust arrangement wherein Nike Securities, L.P. acts as the trustee, The Chase Manhattan Bank as the custodian, BASIS Fund Services Ohio, Inc. as the administrator, and First Trust Advisors, L.P. as the investment advisor. The South Carolina Trust Agreement encompasses various types of trust arrangements, such as: 1. Revocable Living Trust: This type of trust allows the granter (usually an individual) to maintain control over the assets held within the trust during their lifetime. Nike Securities, L.P. would act as the trustee, and First Trust Advisors, L.P. would provide investment guidance accordingly. 2. Irrevocable Trust: Unlike a revocable living trust, this type of trust cannot be modified or revoked by the granter once it has been established. The assets transferred to the trust are typically protected from estate taxes and may be used for specific purposes. The Chase Manhattan Bank would serve as the custodian, ensuring the trust's assets are managed appropriately. 3. Charitable Trusts: These trusts are set up to benefit charitable organizations or causes. They may be established during the granter's lifetime or through their will. BASIS Fund Services Ohio, Inc. would oversee the administrative aspects of these trusts, ensuring distributions are made according to the granter's wishes. 4. Testamentary Trust: This type of trust is established through a person's will and only takes effect after their death. It allows the granter to control how their assets are distributed and managed even after they are no longer alive. The South Carolina Trust Agreement would specify the roles and responsibilities of all parties involved in managing the trust. Overall, the South Carolina Trust Agreement involving Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. serves as a legally binding contract that outlines the terms and obligations regarding various trust arrangements. This ensures that the trust's assets are protected, managed, and distributed according to the granter's wishes while providing professional guidance and expertise from the trustee, custodian, administrator, and investment advisor involved.

South Carolina Trust Agreement is a legal document that sets out the terms and conditions between the parties involved, including Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. This agreement establishes a trust arrangement wherein Nike Securities, L.P. acts as the trustee, The Chase Manhattan Bank as the custodian, BASIS Fund Services Ohio, Inc. as the administrator, and First Trust Advisors, L.P. as the investment advisor. The South Carolina Trust Agreement encompasses various types of trust arrangements, such as: 1. Revocable Living Trust: This type of trust allows the granter (usually an individual) to maintain control over the assets held within the trust during their lifetime. Nike Securities, L.P. would act as the trustee, and First Trust Advisors, L.P. would provide investment guidance accordingly. 2. Irrevocable Trust: Unlike a revocable living trust, this type of trust cannot be modified or revoked by the granter once it has been established. The assets transferred to the trust are typically protected from estate taxes and may be used for specific purposes. The Chase Manhattan Bank would serve as the custodian, ensuring the trust's assets are managed appropriately. 3. Charitable Trusts: These trusts are set up to benefit charitable organizations or causes. They may be established during the granter's lifetime or through their will. BASIS Fund Services Ohio, Inc. would oversee the administrative aspects of these trusts, ensuring distributions are made according to the granter's wishes. 4. Testamentary Trust: This type of trust is established through a person's will and only takes effect after their death. It allows the granter to control how their assets are distributed and managed even after they are no longer alive. The South Carolina Trust Agreement would specify the roles and responsibilities of all parties involved in managing the trust. Overall, the South Carolina Trust Agreement involving Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. serves as a legally binding contract that outlines the terms and obligations regarding various trust arrangements. This ensures that the trust's assets are protected, managed, and distributed according to the granter's wishes while providing professional guidance and expertise from the trustee, custodian, administrator, and investment advisor involved.