Broward Florida Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• County: Broward
• Control #: US-EG-9142
• Format: Word; Rich Text

Description

Series 204 Trust Agr. btwn Van Kampen Foods, Inc., American Portfolio Evaluation Serv., Van Kampen Investment Advisory Corp., and The Bank of New York dated Jan. 6, 2000. 5 pages The Broward Florida Trust Agreement is a legally binding document that establishes the terms and conditions of the relationship between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York. This agreement outlines the responsibilities, rights, and obligations of each party involved in the trust. Under this trust agreement, Van Kampen Foods, Inc. acts as the settler, providing assets to be held and managed by The Bank of New York as the trustee. The trustee, in turn, is responsible for managing and protecting these assets in accordance with the trust's objectives and guidelines. American Portfolio Evaluation Services and Van Kampen Investment Advisory Corp. are named as co-trustees, collaborating with The Bank of New York in carrying out the trust's functions. Together, they provide their expertise and professional services to ensure the proper management and growth of the trust's assets. This Broward Florida Trust Agreement can encompass different types of trusts based on the specific objectives and goals of the settler. These may include: 1. Revocable Living Trust: This type of trust allows the settler to retain control over their assets during their lifetime and provides for the transfer of these assets to designated beneficiaries upon their death, avoiding probate. 2. Irrevocable Trust: In contrast to a revocable living trust, an irrevocable trust cannot be modified or revoked by the settler. Once assets are transferred into this trust, they are permanently removed from the settler's estate, offering potential tax advantages. 3. Charitable Trust: This type of trust is designed to benefit charitable organizations or causes. It may provide income to the beneficiaries for a specified period, with the remaining assets eventually passing to the designated charities. 4. Special Needs Trust: A trust created to ensure the long-term financial well-being and care of a beneficiary with special needs. It is structured to provide for supplemental expenses while ensuring government benefits are not compromised. 5. Testamentary Trust: Established under the terms of a person's will, this trust becomes effective upon the settler's death. It allows for the distribution of assets to designated beneficiaries based on specific instructions outlined in the will. These different types of trusts reflect the various objectives and needs of the settler and can be customized accordingly in the Broward Florida Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York.

The Broward Florida Trust Agreement is a legally binding document that establishes the terms and conditions of the relationship between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York. This agreement outlines the responsibilities, rights, and obligations of each party involved in the trust. Under this trust agreement, Van Kampen Foods, Inc. acts as the settler, providing assets to be held and managed by The Bank of New York as the trustee. The trustee, in turn, is responsible for managing and protecting these assets in accordance with the trust's objectives and guidelines. American Portfolio Evaluation Services and Van Kampen Investment Advisory Corp. are named as co-trustees, collaborating with The Bank of New York in carrying out the trust's functions. Together, they provide their expertise and professional services to ensure the proper management and growth of the trust's assets. This Broward Florida Trust Agreement can encompass different types of trusts based on the specific objectives and goals of the settler. These may include: 1. Revocable Living Trust: This type of trust allows the settler to retain control over their assets during their lifetime and provides for the transfer of these assets to designated beneficiaries upon their death, avoiding probate. 2. Irrevocable Trust: In contrast to a revocable living trust, an irrevocable trust cannot be modified or revoked by the settler. Once assets are transferred into this trust, they are permanently removed from the settler's estate, offering potential tax advantages. 3. Charitable Trust: This type of trust is designed to benefit charitable organizations or causes. It may provide income to the beneficiaries for a specified period, with the remaining assets eventually passing to the designated charities. 4. Special Needs Trust: A trust created to ensure the long-term financial well-being and care of a beneficiary with special needs. It is structured to provide for supplemental expenses while ensuring government benefits are not compromised. 5. Testamentary Trust: Established under the terms of a person's will, this trust becomes effective upon the settler's death. It allows for the distribution of assets to designated beneficiaries based on specific instructions outlined in the will. These different types of trusts reflect the various objectives and needs of the settler and can be customized accordingly in the Broward Florida Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York.