Mecklenburg North Carolina 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: Mecklenburg
• 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 Mecklenburg North Carolina Trust Agreement is a legally binding document that governs 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 terms and conditions related to the transfer, management, and distribution of assets held in trust. One type of Mecklenburg North Carolina Trust Agreement is the revocable living trust. This trust allows the granter (Van Kampen Foods, Inc. in this case) to retain control and ownership of the assets during their lifetime, while also providing instructions for the distribution of these assets upon their death. This type of trust is flexible and can be modified or revoked by the granter if circumstances change. Another type is the testamentary trust, which is established through a will and becomes effective upon the death of the granter. This type of trust allows Van Kampen Foods, Inc. to have control over the distribution of their assets after their passing, ensuring their wishes are carried out according to their testamentary instructions. The Mecklenburg North Carolina Trust Agreement also addresses the roles and responsibilities of each party involved. Van Kampen Foods, Inc. acts as the granter, providing the assets to be held in trust. American Portfolio Evaluation Services and Van Kampen Investment Advisory Corp. may act as trustees, responsible for managing and investing the assets in the best interest of the trust beneficiaries, which could include shareholders or specified individuals. The Bank of New York is typically appointed as a corporate trustee, ensuring the compliance with legal and fiduciary obligations, maintaining accurate records, and providing unbiased oversight. This trust agreement also sets forth guidelines for the administration of the trust, including the powers and limitations granted to the trustees, the distribution and accounting of assets, the tax obligations, and any specific instructions given by Van Kampen Foods, Inc. By establishing a Mecklenburg North Carolina Trust Agreement, Van Kampen Foods, Inc. can ensure the efficient and proper management of their assets, providing beneficiaries or shareholders with peace of mind and protecting their interests in the future.

Mecklenburg North Carolina Trust Agreement is a legally binding document that governs 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 terms and conditions related to the transfer, management, and distribution of assets held in trust. One type of Mecklenburg North Carolina Trust Agreement is the revocable living trust. This trust allows the granter (Van Kampen Foods, Inc. in this case) to retain control and ownership of the assets during their lifetime, while also providing instructions for the distribution of these assets upon their death. This type of trust is flexible and can be modified or revoked by the granter if circumstances change. Another type is the testamentary trust, which is established through a will and becomes effective upon the death of the granter. This type of trust allows Van Kampen Foods, Inc. to have control over the distribution of their assets after their passing, ensuring their wishes are carried out according to their testamentary instructions. The Mecklenburg North Carolina Trust Agreement also addresses the roles and responsibilities of each party involved. Van Kampen Foods, Inc. acts as the granter, providing the assets to be held in trust. American Portfolio Evaluation Services and Van Kampen Investment Advisory Corp. may act as trustees, responsible for managing and investing the assets in the best interest of the trust beneficiaries, which could include shareholders or specified individuals. The Bank of New York is typically appointed as a corporate trustee, ensuring the compliance with legal and fiduciary obligations, maintaining accurate records, and providing unbiased oversight. This trust agreement also sets forth guidelines for the administration of the trust, including the powers and limitations granted to the trustees, the distribution and accounting of assets, the tax obligations, and any specific instructions given by Van Kampen Foods, Inc. By establishing a Mecklenburg North Carolina Trust Agreement, Van Kampen Foods, Inc. can ensure the efficient and proper management of their assets, providing beneficiaries or shareholders with peace of mind and protecting their interests in the future.