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Texas Amendment to Trust Agreement Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company

State:
Multi-State
Control #:
US-EG-9324
Format:
Word; 
Rich Text
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Description

First Amendment to Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company dated May 15, 1999. 7 pages. The Texas Amendment to Trust Agreement is a legal document that outlines the modifications or updates made to an existing trust agreement between Polaris Industries, Inc. and Fidelity Management Trust Company, both of which are involved in financial and investment management. This amendment is specific to trusts governed under the laws of the state of Texas. When drafting a Texas Amendment to Trust Agreement, it is crucial to include relevant keywords that accurately convey the purpose and nature of the agreement. Some pertinent keywords include: 1. Polaris Industries, Inc.: This refers to the company named Polaris Industries, Inc., which is a well-known manufacturer of recreational vehicles, motorcycles, and boats. They could be the settler or beneficiary of the trust. 2. Fidelity Management Trust Company: This denotes the trust company known as Fidelity Management Trust Company. They are responsible for the administration and management of the trust on behalf of Polaris Industries, Inc. 3. Texas Amendment: This highlights that the amendment is specific to Texan trust laws. The laws governing trusts in Texas may differ from those in other states, so it is crucial to adhere to the applicable legislation. 4. Trust Agreement: This refers to the initial agreement that established the trust relationship between Polaris Industries, Inc. and Fidelity Management Trust Company. The Texas Amendment modifies or adds provisions to the original agreement. Different types of Texas Amendment to Trust Agreement could include: 1. Amendment to Revocable Living Trust: This type of amendment may involve changes to a trust created during the lifetime of the settler. It allows modifications or additions to beneficiaries, distribution instructions, trustee appointments, or any other provision outlined in the original trust agreement. 2. Amendment to Irrevocable Trust: In contrast to a revocable trust, an irrevocable trust typically cannot be modified or terminated without consent from all beneficiaries or a court order. An amendment to an irrevocable trust under Texas law may require certain legal processes, such as court involvement or unanimous consent from all interested parties. 3. Amendment to Special Needs Trust: Special Needs Trusts are created to provide assistance and support to individuals with disabilities. Amending such a trust may involve changes to the beneficiary's eligibility criteria, distribution provisions, or updates to adhere to changing laws and regulations. 4. Amendment to Testamentary Trust: A testamentary trust is created and goes into effect upon the death of the settler, as per their will. Amendments to this type of trust could include changes to the appointment of trustees, distribution instructions, or modifications to align the trust with the current needs and circumstances of the beneficiaries. Overall, a Texas Amendment to Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company is a legally binding document that modifies or updates an existing trust agreement in accordance with the laws of the state of Texas.

The Texas Amendment to Trust Agreement is a legal document that outlines the modifications or updates made to an existing trust agreement between Polaris Industries, Inc. and Fidelity Management Trust Company, both of which are involved in financial and investment management. This amendment is specific to trusts governed under the laws of the state of Texas. When drafting a Texas Amendment to Trust Agreement, it is crucial to include relevant keywords that accurately convey the purpose and nature of the agreement. Some pertinent keywords include: 1. Polaris Industries, Inc.: This refers to the company named Polaris Industries, Inc., which is a well-known manufacturer of recreational vehicles, motorcycles, and boats. They could be the settler or beneficiary of the trust. 2. Fidelity Management Trust Company: This denotes the trust company known as Fidelity Management Trust Company. They are responsible for the administration and management of the trust on behalf of Polaris Industries, Inc. 3. Texas Amendment: This highlights that the amendment is specific to Texan trust laws. The laws governing trusts in Texas may differ from those in other states, so it is crucial to adhere to the applicable legislation. 4. Trust Agreement: This refers to the initial agreement that established the trust relationship between Polaris Industries, Inc. and Fidelity Management Trust Company. The Texas Amendment modifies or adds provisions to the original agreement. Different types of Texas Amendment to Trust Agreement could include: 1. Amendment to Revocable Living Trust: This type of amendment may involve changes to a trust created during the lifetime of the settler. It allows modifications or additions to beneficiaries, distribution instructions, trustee appointments, or any other provision outlined in the original trust agreement. 2. Amendment to Irrevocable Trust: In contrast to a revocable trust, an irrevocable trust typically cannot be modified or terminated without consent from all beneficiaries or a court order. An amendment to an irrevocable trust under Texas law may require certain legal processes, such as court involvement or unanimous consent from all interested parties. 3. Amendment to Special Needs Trust: Special Needs Trusts are created to provide assistance and support to individuals with disabilities. Amending such a trust may involve changes to the beneficiary's eligibility criteria, distribution provisions, or updates to adhere to changing laws and regulations. 4. Amendment to Testamentary Trust: A testamentary trust is created and goes into effect upon the death of the settler, as per their will. Amendments to this type of trust could include changes to the appointment of trustees, distribution instructions, or modifications to align the trust with the current needs and circumstances of the beneficiaries. Overall, a Texas Amendment to Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company is a legally binding document that modifies or updates an existing trust agreement in accordance with the laws of the state of Texas.

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Texas Amendment to Trust Agreement Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company