South Dakota Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9142
• Format: Word; Rich Text

Description

Series 204 Trust Agr. btwn Van Kampen Foods, Inc., American Portfolio Evaluation Serv., Van Kampen Investment Advisory Corp., and The Bank of New York dated Jan. 6, 2000. 5 pages A South Dakota Trust Agreement refers to a legally binding document that outlines the terms and conditions of a trust established between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York. This agreement ensures the proper management and administration of assets held within the trust, while also protecting the interests of the beneficiaries involved. The purpose of a trust agreement is to establish a fiduciary relationship between the involved parties, with the trustee (The Bank of New York) being entrusted with managing and investing the assets in accordance with the terms outlined in the agreement. The agreement also sets forth the specific instructions for the distribution of the trust's income and principal to the beneficiaries. Some key provisions of the South Dakota Trust Agreement may include details regarding the establishment of the trust, its duration, the identification of the beneficiaries, the powers and duties of the trustee, the investment objectives and strategies, distribution rules, accounting procedures, and any provisions for amending or terminating the trust. Within the realm of South Dakota Trust Agreements, there may be different types based on the specific goals and requirements of the trust participants. Some notable types include: 1. Revocable Living Trust: This type of trust allows the granter (Van Kampen Foods, Inc., in this case) to retain the ability to modify, revoke, or terminate the trust during their lifetime. It becomes irrevocable upon the granter's death. 2. Irrevocable Living Trust: Unlike a revocable trust, an irrevocable trust cannot be altered or terminated without the consent of all parties involved, providing a higher level of asset protection and estate planning benefits. 3. Charitable Remainder Trust: This trust type allows for the distribution of assets to beneficiaries for a specified period, after which the remaining assets are donated to a charitable organization. 4. Special Needs Trust: Designed to financially support individuals with special needs, this trust ensures that the beneficiary's eligibility for government assistance programs like Medicaid or Social Security is not compromised. It is essential to note that the specific terms and types of South Dakota Trust Agreements may vary depending on the nature and objectives of the involved parties. Consequently, legal counsel should be sought to ensure compliance with applicable laws and to tailor the agreement to the particular needs of Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York.

A South Dakota Trust Agreement refers to a legally binding document that outlines the terms and conditions of a trust established between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York. This agreement ensures the proper management and administration of assets held within the trust, while also protecting the interests of the beneficiaries involved. The purpose of a trust agreement is to establish a fiduciary relationship between the involved parties, with the trustee (The Bank of New York) being entrusted with managing and investing the assets in accordance with the terms outlined in the agreement. The agreement also sets forth the specific instructions for the distribution of the trust's income and principal to the beneficiaries. Some key provisions of the South Dakota Trust Agreement may include details regarding the establishment of the trust, its duration, the identification of the beneficiaries, the powers and duties of the trustee, the investment objectives and strategies, distribution rules, accounting procedures, and any provisions for amending or terminating the trust. Within the realm of South Dakota Trust Agreements, there may be different types based on the specific goals and requirements of the trust participants. Some notable types include: 1. Revocable Living Trust: This type of trust allows the granter (Van Kampen Foods, Inc., in this case) to retain the ability to modify, revoke, or terminate the trust during their lifetime. It becomes irrevocable upon the granter's death. 2. Irrevocable Living Trust: Unlike a revocable trust, an irrevocable trust cannot be altered or terminated without the consent of all parties involved, providing a higher level of asset protection and estate planning benefits. 3. Charitable Remainder Trust: This trust type allows for the distribution of assets to beneficiaries for a specified period, after which the remaining assets are donated to a charitable organization. 4. Special Needs Trust: Designed to financially support individuals with special needs, this trust ensures that the beneficiary's eligibility for government assistance programs like Medicaid or Social Security is not compromised. It is essential to note that the specific terms and types of South Dakota Trust Agreements may vary depending on the nature and objectives of the involved parties. Consequently, legal counsel should be sought to ensure compliance with applicable laws and to tailor the agreement to the particular needs of Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York.