Nassau 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: Nassau
• 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 Nassau New York Trust Agreement is a legally binding document that establishes a trust relationship between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement outlines the responsibilities, obligations, and rights of each party involved in managing and administering the trust. As an essential financial tool, the Nassau New York Trust Agreement serves as a means of protecting and preserving assets for the benefit of beneficiaries. Nike Securities, L.P., acts as the granter, contributing assets to the trust, while The Chase Manhattan Bank serves as the trustee, responsible for managing and safeguarding the trust's assets. First Trust Advisors, L.P., is often designated as the investment advisor, responsible for providing guidance and making investment decisions in line with the trust's objectives and requirements. By entrusting the management of the trust to experienced financial professionals like First Trust Advisors, L.P., the granter can ensure the assets are handled with expertise and care. The Nassau New York Trust Agreement may have different variants or specific types based on the particular purpose, duration, or assets involved. Some common types of such agreements include: 1. Revocable Trust Agreement: This type of trust allows the granter to modify or terminate the trust during their lifetime. It provides flexibility and control over the assets included in the trust. 2. Irrevocable Trust Agreement: In contrast to the revocable trust, an irrevocable trust cannot be altered or revoked once it is established. This type of trust provides potential tax benefits and asset protection. 3. Charitable Trust Agreement: This type of trust is established with the intention to benefit charitable organizations or causes. It allows individuals and entities to contribute assets while providing potential tax advantages. 4. Testamentary Trust Agreement: Created through a will and taking effect after the granter's passing, a testamentary trust ensures the proper distribution of assets as outlined in the granter's wishes. 5. Special Needs Trust Agreement: This type of trust is designed to provide financial support to individuals with disabilities, without affecting their eligibility for certain government benefits. The Nassau New York Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P., promotes transparency, accountability, and responsible management of entrusted assets. It sets forth clear guidelines regarding investment strategies, distribution policies, reporting requirements, and potential conflicts of interest, ensuring that all parties involved operate within the defined framework of the trust.

The Nassau New York Trust Agreement is a legally binding document that establishes a trust relationship between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement outlines the responsibilities, obligations, and rights of each party involved in managing and administering the trust. As an essential financial tool, the Nassau New York Trust Agreement serves as a means of protecting and preserving assets for the benefit of beneficiaries. Nike Securities, L.P., acts as the granter, contributing assets to the trust, while The Chase Manhattan Bank serves as the trustee, responsible for managing and safeguarding the trust's assets. First Trust Advisors, L.P., is often designated as the investment advisor, responsible for providing guidance and making investment decisions in line with the trust's objectives and requirements. By entrusting the management of the trust to experienced financial professionals like First Trust Advisors, L.P., the granter can ensure the assets are handled with expertise and care. The Nassau New York Trust Agreement may have different variants or specific types based on the particular purpose, duration, or assets involved. Some common types of such agreements include: 1. Revocable Trust Agreement: This type of trust allows the granter to modify or terminate the trust during their lifetime. It provides flexibility and control over the assets included in the trust. 2. Irrevocable Trust Agreement: In contrast to the revocable trust, an irrevocable trust cannot be altered or revoked once it is established. This type of trust provides potential tax benefits and asset protection. 3. Charitable Trust Agreement: This type of trust is established with the intention to benefit charitable organizations or causes. It allows individuals and entities to contribute assets while providing potential tax advantages. 4. Testamentary Trust Agreement: Created through a will and taking effect after the granter's passing, a testamentary trust ensures the proper distribution of assets as outlined in the granter's wishes. 5. Special Needs Trust Agreement: This type of trust is designed to provide financial support to individuals with disabilities, without affecting their eligibility for certain government benefits. The Nassau New York Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P., promotes transparency, accountability, and responsible management of entrusted assets. It sets forth clear guidelines regarding investment strategies, distribution policies, reporting requirements, and potential conflicts of interest, ensuring that all parties involved operate within the defined framework of the trust.