Harris Texas 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: Harris
• 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 Harris Texas Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York is a legal document that outlines the terms and conditions of a trust arrangement involving multiple parties. This agreement serves to protect the interests of all parties involved and ensures the proper management and distribution of assets. One type of Harris Texas Trust Agreement that can exist between these entities is a Revocable Living Trust. This type of trust allows the granter, in this case, Van Kampen Foods, Inc., to retain control and make changes to the trust during their lifetime. It provides flexibility and allows for easy modifications to the trust terms or beneficiaries if needed. Another type of Harris Texas Trust Agreement could be an Irrevocable Trust. Unlike a revocable trust, this agreement cannot be changed or revoked once it is established. It serves as a means to protect assets from estate taxes or legal liabilities. In this scenario, Van Kampen Foods, Inc. may choose to transfer ownership of certain assets to the trust, thereby removing them from their own control, but ensuring their preservation and distribution according to the terms outlined in the agreement. The Harris Texas Trust Agreement may also involve American Portfolio Evaluation Services and Van Kampen Investment Advisory Corp., who may be designated as trustees or fiduciaries responsible for managing the assets within the trust. These parties have a legal duty to act in the best interest of the trust beneficiaries, which could include ensuring proper investment management, evaluating the performance of assets, and making well-informed decisions regarding distributions and disbursements. The Bank of New York's involvement in the Harris Texas Trust Agreement may be as a custodian or trustee, responsible for holding and safeguarding the assets of the trust. They may also provide financial services such as record-keeping, asset valuation, and other administrative functions related to the trust. Overall, the Harris Texas Trust Agreement is a comprehensive legal document that establishes the framework for a trust arrangement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York. It ensures the proper management and protection of assets, and defines the roles and responsibilities of each party involved.

The Harris Texas Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York is a legal document that outlines the terms and conditions of a trust arrangement involving multiple parties. This agreement serves to protect the interests of all parties involved and ensures the proper management and distribution of assets. One type of Harris Texas Trust Agreement that can exist between these entities is a Revocable Living Trust. This type of trust allows the granter, in this case, Van Kampen Foods, Inc., to retain control and make changes to the trust during their lifetime. It provides flexibility and allows for easy modifications to the trust terms or beneficiaries if needed. Another type of Harris Texas Trust Agreement could be an Irrevocable Trust. Unlike a revocable trust, this agreement cannot be changed or revoked once it is established. It serves as a means to protect assets from estate taxes or legal liabilities. In this scenario, Van Kampen Foods, Inc. may choose to transfer ownership of certain assets to the trust, thereby removing them from their own control, but ensuring their preservation and distribution according to the terms outlined in the agreement. The Harris Texas Trust Agreement may also involve American Portfolio Evaluation Services and Van Kampen Investment Advisory Corp., who may be designated as trustees or fiduciaries responsible for managing the assets within the trust. These parties have a legal duty to act in the best interest of the trust beneficiaries, which could include ensuring proper investment management, evaluating the performance of assets, and making well-informed decisions regarding distributions and disbursements. The Bank of New York's involvement in the Harris Texas Trust Agreement may be as a custodian or trustee, responsible for holding and safeguarding the assets of the trust. They may also provide financial services such as record-keeping, asset valuation, and other administrative functions related to the trust. Overall, the Harris Texas Trust Agreement is a comprehensive legal document that establishes the framework for a trust arrangement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York. It ensures the proper management and protection of assets, and defines the roles and responsibilities of each party involved.