Kings New York 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: Kings
• 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 Kings New York Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. is a legal contract that outlines the terms and conditions of a trust established in the state of New York. This agreement sets forth the roles and responsibilities of the parties involved and governs the management and distribution of assets held within the trust. The main purpose of the Kings New York Trust Agreement is to facilitate the investment and administration of funds on behalf of beneficiaries. Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. each play crucial roles in ensuring the smooth operation of the trust. Nike Securities, L.P., as the settler or granter, is responsible for funding the trust with assets, which can include cash, securities, or other investment instruments. The Chase Manhattan Bank serves as the trustee, who has a fiduciary duty to manage and safeguard the trust's assets in accordance with the trust agreement and applicable laws. First Trust Advisors, L.P. acts as the investment advisor and provides professional guidance on investment strategies and portfolio management. There can be various types of Kings New York Trust Agreements based on the specific objectives and preferences of the parties involved. Some common variations include revocable trusts, irrevocable trusts, testamentary trusts, charitable trusts, and special-needs trusts. Each type has distinct provisions and may serve different purposes, ranging from estate planning, tax optimization, asset protection, to charitable giving. These trust agreements are legally binding documents that should be drafted and reviewed by experienced attorneys specializing in trust and estate law. They must adhere to the laws and regulations of the state of New York, ensuring compliance and proper management of the trust. In conclusion, the Kings New York Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. establishes the framework for the administration, investment, and distribution of assets within a trust. It represents a commitment to the beneficiaries' financial security and the responsible management of their assets.

The Kings New York Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. is a legal contract that outlines the terms and conditions of a trust established in the state of New York. This agreement sets forth the roles and responsibilities of the parties involved and governs the management and distribution of assets held within the trust. The main purpose of the Kings New York Trust Agreement is to facilitate the investment and administration of funds on behalf of beneficiaries. Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. each play crucial roles in ensuring the smooth operation of the trust. Nike Securities, L.P., as the settler or granter, is responsible for funding the trust with assets, which can include cash, securities, or other investment instruments. The Chase Manhattan Bank serves as the trustee, who has a fiduciary duty to manage and safeguard the trust's assets in accordance with the trust agreement and applicable laws. First Trust Advisors, L.P. acts as the investment advisor and provides professional guidance on investment strategies and portfolio management. There can be various types of Kings New York Trust Agreements based on the specific objectives and preferences of the parties involved. Some common variations include revocable trusts, irrevocable trusts, testamentary trusts, charitable trusts, and special-needs trusts. Each type has distinct provisions and may serve different purposes, ranging from estate planning, tax optimization, asset protection, to charitable giving. These trust agreements are legally binding documents that should be drafted and reviewed by experienced attorneys specializing in trust and estate law. They must adhere to the laws and regulations of the state of New York, ensuring compliance and proper management of the trust. In conclusion, the Kings New York Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. establishes the framework for the administration, investment, and distribution of assets within a trust. It represents a commitment to the beneficiaries' financial security and the responsible management of their assets.