Washington 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 Washington Trust Agreement is a legally binding document that outlines the terms and conditions of the trust relationship established between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement plays a pivotal role in governing the actions and responsibilities of each party involved, ensuring a smooth and secure functioning of the trust. The Washington Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. can be categorized into different types based on the specific purpose or nature of the trust. Some noteworthy types include: 1. Revocable Living Trust: This type of agreement allows the granter (Nike Securities, L.P.) to retain control and ownership of the assets, while designating The Chase Manhattan Bank as the trustee to manage and distribute these assets according to specified conditions or upon the granter's incapacity or death. First Trust Advisors, L.P., may serve as an advisor or co-trustee, providing guidance and expertise in investment decisions. 2. Testamentary Trust: Created within a will, this type of trust agreement becomes effective upon the granter's passing. Nike Securities, L.P. designates The Chase Manhattan Bank as the trustee to distribute the designated assets to specific beneficiaries, in accordance with the granter's stated wishes. First Trust Advisors, L.P. may be retained to handle investment matters, ensuring growth and preservation of the trust assets. 3. Charitable Trust: This type of Washington Trust Agreement enables Nike Securities, L.P. to establish a trust with the intention of benefiting a public charity or a charitable cause. The Chase Manhattan Bank assumes the role of trustee, managing the trust assets and distributing them for charitable purposes. First Trust Advisors, L.P. may provide investment recommendations to enhance the growth and impact of the trust's charitable endeavors. Regardless of the type, the Washington Trust Agreement provides a comprehensive framework for the roles and responsibilities of all parties involved. It governs various aspects such as the management of trust assets, investment decisions, distribution protocols, reporting obligations, and potential amendments or termination procedures. This agreement helps establish trust and confidence among the involved parties, ensuring that Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. work harmoniously together to achieve the intended objectives of the trust. It provides a legal foundation for transparent communication, decision-making, and accountability, thereby safeguarding the interests of all stakeholders involved.

Washington Trust Agreement is a legally binding document that outlines the terms and conditions of the trust relationship established between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement plays a pivotal role in governing the actions and responsibilities of each party involved, ensuring a smooth and secure functioning of the trust. The Washington Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. can be categorized into different types based on the specific purpose or nature of the trust. Some noteworthy types include: 1. Revocable Living Trust: This type of agreement allows the granter (Nike Securities, L.P.) to retain control and ownership of the assets, while designating The Chase Manhattan Bank as the trustee to manage and distribute these assets according to specified conditions or upon the granter's incapacity or death. First Trust Advisors, L.P., may serve as an advisor or co-trustee, providing guidance and expertise in investment decisions. 2. Testamentary Trust: Created within a will, this type of trust agreement becomes effective upon the granter's passing. Nike Securities, L.P. designates The Chase Manhattan Bank as the trustee to distribute the designated assets to specific beneficiaries, in accordance with the granter's stated wishes. First Trust Advisors, L.P. may be retained to handle investment matters, ensuring growth and preservation of the trust assets. 3. Charitable Trust: This type of Washington Trust Agreement enables Nike Securities, L.P. to establish a trust with the intention of benefiting a public charity or a charitable cause. The Chase Manhattan Bank assumes the role of trustee, managing the trust assets and distributing them for charitable purposes. First Trust Advisors, L.P. may provide investment recommendations to enhance the growth and impact of the trust's charitable endeavors. Regardless of the type, the Washington Trust Agreement provides a comprehensive framework for the roles and responsibilities of all parties involved. It governs various aspects such as the management of trust assets, investment decisions, distribution protocols, reporting obligations, and potential amendments or termination procedures. This agreement helps establish trust and confidence among the involved parties, ensuring that Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. work harmoniously together to achieve the intended objectives of the trust. It provides a legal foundation for transparent communication, decision-making, and accountability, thereby safeguarding the interests of all stakeholders involved.