Allegheny Pennsylvania 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
• County: Allegheny
• 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 Allegheny Pennsylvania Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. is a legal document that governs the management and administration of trust assets held by the parties involved. This agreement outlines the rights, responsibilities, and obligations of Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. in managing the trust assets on behalf of the beneficiaries. Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. are the parties involved in this trust agreement. Nike Securities, L.P. serves as the trust or, who creates the trust and transfers the assets into it. The Chase Manhattan Bank functions as the trustee, responsible for safeguarding and managing the trust assets according to the terms specified in the agreement. First Trust Advisors, L.P. acts as the investment advisor, providing guidance and recommendations regarding the investment of the trust assets. The Allegheny Pennsylvania Trust Agreement can encompass different types of trusts, depending on the specific objectives and needs of the parties involved. Some common types of trusts that could be covered by this agreement include: 1. Revocable Trust: This type of trust allows the trust or to modify or revoke the trust during their lifetime, maintaining control over the trust assets. The trust assets are typically used for estate planning purposes, ensuring a smooth transfer of assets upon the trust or's death. 2. Irrevocable Trust: Unlike a revocable trust, an irrevocable trust cannot be modified or revoked by the trust or once it is created. This type of trust is often utilized for tax planning, asset protection, or charitable purposes. 3. Living Trust: A living trust, also known as an inter vivos trust, is created during the trust or's lifetime and becomes effective immediately. It allows the trust or to manage their assets during their lifetime and facilitates the easy transfer of assets to beneficiaries upon their death, avoiding the need for probate. 4. Testamentary Trust: This type of trust is established through a will and only becomes effective upon the trust or's death. It allows the trust or to specify how their assets should be managed and distributed to beneficiaries after their passing. The Allegheny Pennsylvania Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. provides a comprehensive framework for the proper administration and investment of trust assets. It safeguards the interests of the trust or, beneficiaries, and all parties involved in the management of the trust.

Allegheny Pennsylvania Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. is a legal document that governs the management and administration of trust assets held by the parties involved. This agreement outlines the rights, responsibilities, and obligations of Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. in managing the trust assets on behalf of the beneficiaries. Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. are the parties involved in this trust agreement. Nike Securities, L.P. serves as the trust or, who creates the trust and transfers the assets into it. The Chase Manhattan Bank functions as the trustee, responsible for safeguarding and managing the trust assets according to the terms specified in the agreement. First Trust Advisors, L.P. acts as the investment advisor, providing guidance and recommendations regarding the investment of the trust assets. The Allegheny Pennsylvania Trust Agreement can encompass different types of trusts, depending on the specific objectives and needs of the parties involved. Some common types of trusts that could be covered by this agreement include: 1. Revocable Trust: This type of trust allows the trust or to modify or revoke the trust during their lifetime, maintaining control over the trust assets. The trust assets are typically used for estate planning purposes, ensuring a smooth transfer of assets upon the trust or's death. 2. Irrevocable Trust: Unlike a revocable trust, an irrevocable trust cannot be modified or revoked by the trust or once it is created. This type of trust is often utilized for tax planning, asset protection, or charitable purposes. 3. Living Trust: A living trust, also known as an inter vivos trust, is created during the trust or's lifetime and becomes effective immediately. It allows the trust or to manage their assets during their lifetime and facilitates the easy transfer of assets to beneficiaries upon their death, avoiding the need for probate. 4. Testamentary Trust: This type of trust is established through a will and only becomes effective upon the trust or's death. It allows the trust or to specify how their assets should be managed and distributed to beneficiaries after their passing. The Allegheny Pennsylvania Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. provides a comprehensive framework for the proper administration and investment of trust assets. It safeguards the interests of the trust or, beneficiaries, and all parties involved in the management of the trust.