Tennessee 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 Tennessee Trust Agreement is a legally binding document that establishes a fiduciary relationship between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement outlines the roles, responsibilities, and obligations of each party involved in managing and overseeing the trust. The primary purpose of a Tennessee Trust Agreement is to facilitate the management and administration of assets or funds held in trust. Nike Securities, L.P. acts as the creator or settler of the trust, transferring assets to be held and managed by the trustee, The Chase Manhattan Bank. The First Trust Advisors, L.P. may be involved as the investment advisor, providing guidance and recommendations on how to invest the trust assets to maximize returns. The Tennessee Trust Agreement typically includes provisions related to the appointment and removal of trustees, the scope of their powers, and their duties to act in the best interests of the trust beneficiaries. These beneficiaries could include individuals, charitable organizations, or other entities designated by the creator of the trust. Depending on the specific circumstances and requirements of the parties involved, there might be different types of Tennessee Trust Agreements. Some examples include: 1. Revocable Trust Agreement: This type of agreement allows the creator of the trust (Nike Securities, L.P.) to modify or terminate the trust during their lifetime. The Chase Manhattan Bank would act as the trustee, and First Trust Advisors, L.P. might provide investment advice. 2. Irrevocable Trust Agreement: In contrast, an irrevocable trust agreement cannot be modified or terminated without the consent of all parties involved. This type of trust might be established for estate planning or tax purposes. The trustee (The Chase Manhattan Bank) would have greater authority and responsibility in managing the trust assets, with input from First Trust Advisors, L.P. 3. Testamentary Trust Agreement: A testamentary trust agreement is created through the instructions in a person's will. Upon the settler's death, their assets would be transferred into the trust, and the designated trustee (The Chase Manhattan Bank) would administer it according to the terms outlined in the will. First Trust Advisors, L.P. may be involved to assist with investment strategies. Overall, the Tennessee Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. establishes a comprehensive framework for managing and protecting assets held in trust, ensuring that the best interests of the beneficiaries are upheld while fulfilling the legal obligations of all parties involved.

A Tennessee Trust Agreement is a legally binding document that establishes a fiduciary relationship between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement outlines the roles, responsibilities, and obligations of each party involved in managing and overseeing the trust. The primary purpose of a Tennessee Trust Agreement is to facilitate the management and administration of assets or funds held in trust. Nike Securities, L.P. acts as the creator or settler of the trust, transferring assets to be held and managed by the trustee, The Chase Manhattan Bank. The First Trust Advisors, L.P. may be involved as the investment advisor, providing guidance and recommendations on how to invest the trust assets to maximize returns. The Tennessee Trust Agreement typically includes provisions related to the appointment and removal of trustees, the scope of their powers, and their duties to act in the best interests of the trust beneficiaries. These beneficiaries could include individuals, charitable organizations, or other entities designated by the creator of the trust. Depending on the specific circumstances and requirements of the parties involved, there might be different types of Tennessee Trust Agreements. Some examples include: 1. Revocable Trust Agreement: This type of agreement allows the creator of the trust (Nike Securities, L.P.) to modify or terminate the trust during their lifetime. The Chase Manhattan Bank would act as the trustee, and First Trust Advisors, L.P. might provide investment advice. 2. Irrevocable Trust Agreement: In contrast, an irrevocable trust agreement cannot be modified or terminated without the consent of all parties involved. This type of trust might be established for estate planning or tax purposes. The trustee (The Chase Manhattan Bank) would have greater authority and responsibility in managing the trust assets, with input from First Trust Advisors, L.P. 3. Testamentary Trust Agreement: A testamentary trust agreement is created through the instructions in a person's will. Upon the settler's death, their assets would be transferred into the trust, and the designated trustee (The Chase Manhattan Bank) would administer it according to the terms outlined in the will. First Trust Advisors, L.P. may be involved to assist with investment strategies. Overall, the Tennessee Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. establishes a comprehensive framework for managing and protecting assets held in trust, ensuring that the best interests of the beneficiaries are upheld while fulfilling the legal obligations of all parties involved.