King 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
• County: King
• 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 The King Washington Trust Agreement is a legal document that outlines the terms and conditions governing the relationship between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement serves as a framework for collaboration and cooperation in the management and administration of trust assets and investments. The primary purpose of the King Washington Trust Agreement is to establish a fiduciary relationship between the three entities involved. Under this agreement, Nike Securities, L.P. is designated as the settler (also known as the granter), The Chase Manhattan Bank acts as the trustee, and First Trust Advisors, L.P. serves as the investment manager. Within this agreement, various types of King Washington Trust Agreements may exist, depending on the specific requirements and circumstances of the parties involved: 1. King Washington Testamentary Trust Agreement: This type of trust agreement is established in response to the testator's last will and testament, outlining the distribution and management of assets after the testator's death. Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. work together to ensure the proper execution of the testator's wishes. 2. King Washington Revocable Living Trust Agreement: In this trust agreement, the settler (Nike Securities, L.P.) retains the power to alter or revoke the trust during their lifetime. The Chase Manhattan Bank and First Trust Advisors, L.P. play critical roles in managing the trust assets and assisting the settler with investment decisions according to their preferences. 3. King Washington Irrevocable Trust Agreement: This type of trust agreement cannot be modified or revoked by the settler after its creation. It is often established for estate planning purposes, where Nike Securities, L.P. transfers assets to The Chase Manhattan Bank as the trustee, and First Trust Advisors, L.P. assists in preserving and growing the trust assets for beneficiaries' future needs. The King Washington Trust Agreement includes significant provisions such as asset management guidelines, investment objectives, distribution instructions, and the responsibilities and authorities of each party involved. This comprehensive agreement ensures clarity, transparency, and continued collaboration between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. to maximize benefits for all stakeholders.

The King Washington Trust Agreement is a legal document that outlines the terms and conditions governing the relationship between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement serves as a framework for collaboration and cooperation in the management and administration of trust assets and investments. The primary purpose of the King Washington Trust Agreement is to establish a fiduciary relationship between the three entities involved. Under this agreement, Nike Securities, L.P. is designated as the settler (also known as the granter), The Chase Manhattan Bank acts as the trustee, and First Trust Advisors, L.P. serves as the investment manager. Within this agreement, various types of King Washington Trust Agreements may exist, depending on the specific requirements and circumstances of the parties involved: 1. King Washington Testamentary Trust Agreement: This type of trust agreement is established in response to the testator's last will and testament, outlining the distribution and management of assets after the testator's death. Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. work together to ensure the proper execution of the testator's wishes. 2. King Washington Revocable Living Trust Agreement: In this trust agreement, the settler (Nike Securities, L.P.) retains the power to alter or revoke the trust during their lifetime. The Chase Manhattan Bank and First Trust Advisors, L.P. play critical roles in managing the trust assets and assisting the settler with investment decisions according to their preferences. 3. King Washington Irrevocable Trust Agreement: This type of trust agreement cannot be modified or revoked by the settler after its creation. It is often established for estate planning purposes, where Nike Securities, L.P. transfers assets to The Chase Manhattan Bank as the trustee, and First Trust Advisors, L.P. assists in preserving and growing the trust assets for beneficiaries' future needs. The King Washington Trust Agreement includes significant provisions such as asset management guidelines, investment objectives, distribution instructions, and the responsibilities and authorities of each party involved. This comprehensive agreement ensures clarity, transparency, and continued collaboration between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. to maximize benefits for all stakeholders.