Wayne Michigan Trust Agreement is a legal contract entered into between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. This agreement governs the management and administration of the trust assets held by these entities in Wayne, Michigan. The trust agreement outlines the rights, responsibilities, and duties of each party involved. The Wayne Michigan Trust Agreement specifies the terms and conditions under which Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. act as trustees and manage the trust assets. It covers various aspects such as investment decisions, distributions, reporting obligations, and the appointment of successor trustees. This agreement ensures that all parties involved follow a set of guidelines and adhere to their fiduciary responsibilities. It offers protection to the beneficiaries of the trust by establishing rules and procedures for the trustees to follow when making investment decisions or handling trust assets. There may be different types of Wayne Michigan Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P., depending on the specific purpose or goals of the trust. These include: 1. Wayne Michigan Revocable Living Trust Agreement: This trust agreement allows for the modification or revocation of the trust during the granter's lifetime, providing flexibility and control over the assets held in the trust. 2. Wayne Michigan Irrevocable Trust Agreement: In this type of trust agreement, the granter relinquishes control over the trust assets and cannot modify or revoke the terms of the trust. It may be established for estate planning purposes or asset protection. 3. Wayne Michigan Special Needs Trust Agreement: This trust agreement is designed to provide for the financial needs of an individual with special needs while preserving their eligibility for government benefits. 4. Wayne Michigan Charitable Trust Agreement: This agreement allows for the creation of a trust, with charitable purposes as the primary focus. It may provide for donations, charitable distributions, or the establishment of charitable foundations. Each type of Wayne Michigan Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank, and First Trust Advisors, L.P. has its own unique characteristics and objectives, tailored to the specific needs and goals of the trust granter and beneficiaries.
Wayne Michigan Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.
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