Nassau New York 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: Nassau
• 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 Nassau New York Trust Agreement is a legally binding contract established 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 regarding the establishment and management of a trust account. This trust agreement serves as a crucial mechanism to protect the interests of the parties involved and ensure the proper administration and distribution of assets. It establishes the roles and responsibilities of each party, ensuring transparency and compliance with applicable laws and regulations. Van Kampen Foods, Inc. is the granter or settler of the trust, contributing assets or property to be held by The Bank of New York as the trustee. The trustee assumes the fiduciary duty to manage these assets on behalf of the beneficiaries. American Portfolio Evaluation Services and Van Kampen Investment Advisory Corp. might be involved as financial advisors or consultants, providing expertise in evaluating the performance and composition of the trust assets. The Nassau New York Trust Agreement outlines the objectives and investment strategy of the trust, including the guidelines for asset allocation, risk management, and reporting requirements. Additionally, there may be different types of trust agreements falling under the Nassau New York jurisdiction. Some common types include revocable trusts, irrevocable trusts, testamentary trusts, living trusts, and charitable trusts. Revocable trusts allow the granter to retain control and modify the terms of the trust during their lifetime. Irrevocable trusts, on the other hand, cannot be altered or revoked once established, offering more asset protection and potential tax benefits. Testamentary trusts are typically created under a will and become effective upon the granter's death. Living trusts, also known as inter vivos trusts, are established during the granter's lifetime and can be either revocable or irrevocable. Charitable trusts focus on charitable purposes, providing benefits to specific organizations or causes while potentially offering tax advantages to the granter. It is crucial for all parties involved in the Nassau New York Trust Agreement to understand the rights, obligations, and limitations associated with their roles. This agreement facilitates effective wealth management and the orderly transfer of assets in accordance with the granter's wishes.

The Nassau New York Trust Agreement is a legally binding contract established 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 regarding the establishment and management of a trust account. This trust agreement serves as a crucial mechanism to protect the interests of the parties involved and ensure the proper administration and distribution of assets. It establishes the roles and responsibilities of each party, ensuring transparency and compliance with applicable laws and regulations. Van Kampen Foods, Inc. is the granter or settler of the trust, contributing assets or property to be held by The Bank of New York as the trustee. The trustee assumes the fiduciary duty to manage these assets on behalf of the beneficiaries. American Portfolio Evaluation Services and Van Kampen Investment Advisory Corp. might be involved as financial advisors or consultants, providing expertise in evaluating the performance and composition of the trust assets. The Nassau New York Trust Agreement outlines the objectives and investment strategy of the trust, including the guidelines for asset allocation, risk management, and reporting requirements. Additionally, there may be different types of trust agreements falling under the Nassau New York jurisdiction. Some common types include revocable trusts, irrevocable trusts, testamentary trusts, living trusts, and charitable trusts. Revocable trusts allow the granter to retain control and modify the terms of the trust during their lifetime. Irrevocable trusts, on the other hand, cannot be altered or revoked once established, offering more asset protection and potential tax benefits. Testamentary trusts are typically created under a will and become effective upon the granter's death. Living trusts, also known as inter vivos trusts, are established during the granter's lifetime and can be either revocable or irrevocable. Charitable trusts focus on charitable purposes, providing benefits to specific organizations or causes while potentially offering tax advantages to the granter. It is crucial for all parties involved in the Nassau New York Trust Agreement to understand the rights, obligations, and limitations associated with their roles. This agreement facilitates effective wealth management and the orderly transfer of assets in accordance with the granter's wishes.