Phoenix Arizona Trust Agreement Nike Securities, L.P., The Chase Manhattan Bank, BISYS Fund Services Ohio, Inc. and First Trust Advisors, L.P.

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• City: Phoenix
• Control #: US-EG-9036
• Format: Word; Rich Text

Description

Trust Agreement btwn Nike Securities, L.P., The Chase Manhattan Bank, BISYS Fund Services Ohio, Inc. and First Trust Advisors, L.P. dated Dec. 30, 1999. 29 pages Phoenix Arizona Trust Agreement is a legally binding document that outlines the terms and conditions of the fiduciary relationship between Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. This agreement serves as a framework for the management, administration, and distribution of assets within the trust. Under the Phoenix Arizona Trust Agreement, Nike Securities, L.P. assumes the role of the granter, establishing the trust and funding it with securities or other assets. The trust assets are then managed by The Chase Manhattan Bank, serving as the trustee. BASIS Fund Services Ohio, Inc. may provide administrative support and services to ensure smooth operations within the trust. First Trust Advisors, L.P. can play the role of an investment advisor responsible for making investment decisions on behalf of the trust. The Trust Agreement encompasses different types or variations tailored to specific needs and objectives. Examples of these variations include: 1. Revocable Living Trust: This type of trust allows the granter to retain control and modify the trust terms during their lifetime. It becomes irrevocable upon the granter's death. 2. Irrevocable Trust: In contrast to a revocable living trust, an irrevocable trust is unalterable once established, providing potential tax benefits and protection of assets. 3. Testamentary Trust: Created upon the granter's death as specified in their will, this trust ensures that designated beneficiaries receive their inheritances as per the granter's wishes. 4. Special Needs Trust: Designed to protect and provide for beneficiaries with disabilities, this trust allows them to maintain essential government benefits while still receiving supplemental support. 5. Charitable Remainder Trust: A trust that provides income to the granter or other beneficiaries for a specific period. Upon termination, the remaining assets are donated to a charitable organization. In conclusion, the Phoenix Arizona Trust Agreement involving Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. is a comprehensive legal document forming the basis of a fiduciary relationship. It outlines the roles and responsibilities of each party involved in managing and distributing trust assets. Depending on the specific goals and circumstances, various types of trusts can be established under this agreement, such as revocable living trusts, irrevocable trusts, testamentary trusts, special needs trusts, and charitable remainder trusts.

Phoenix Arizona Trust Agreement is a legally binding document that outlines the terms and conditions of the fiduciary relationship between Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. This agreement serves as a framework for the management, administration, and distribution of assets within the trust. Under the Phoenix Arizona Trust Agreement, Nike Securities, L.P. assumes the role of the granter, establishing the trust and funding it with securities or other assets. The trust assets are then managed by The Chase Manhattan Bank, serving as the trustee. BASIS Fund Services Ohio, Inc. may provide administrative support and services to ensure smooth operations within the trust. First Trust Advisors, L.P. can play the role of an investment advisor responsible for making investment decisions on behalf of the trust. The Trust Agreement encompasses different types or variations tailored to specific needs and objectives. Examples of these variations include: 1. Revocable Living Trust: This type of trust allows the granter to retain control and modify the trust terms during their lifetime. It becomes irrevocable upon the granter's death. 2. Irrevocable Trust: In contrast to a revocable living trust, an irrevocable trust is unalterable once established, providing potential tax benefits and protection of assets. 3. Testamentary Trust: Created upon the granter's death as specified in their will, this trust ensures that designated beneficiaries receive their inheritances as per the granter's wishes. 4. Special Needs Trust: Designed to protect and provide for beneficiaries with disabilities, this trust allows them to maintain essential government benefits while still receiving supplemental support. 5. Charitable Remainder Trust: A trust that provides income to the granter or other beneficiaries for a specific period. Upon termination, the remaining assets are donated to a charitable organization. In conclusion, the Phoenix Arizona Trust Agreement involving Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. is a comprehensive legal document forming the basis of a fiduciary relationship. It outlines the roles and responsibilities of each party involved in managing and distributing trust assets. Depending on the specific goals and circumstances, various types of trusts can be established under this agreement, such as revocable living trusts, irrevocable trusts, testamentary trusts, special needs trusts, and charitable remainder trusts.