Hillsborough Florida Custodian Agreement

• Category: Corporations - Public
• State: Multi-State
• County: Hillsborough
• Control #: US-EG-9188
• Format: Word; Rich Text

Description

Custodian Agreement between First American Insurance Portfolios, Inc. and U.S. Bank National Association dated December 8, 1999. 17 pages The Hillsborough Florida Custodian Agreement is a legal document that outlines the responsibilities and obligations between a custodian and a minor's assets in Hillsborough County, Florida. It establishes the terms and conditions for the custodian to manage, protect, and distribute the minor's property or investments until they reach a certain age or specific event occurs. This agreement is designed to safeguard the minor's assets and ensure their best interests are protected. The custodian, who is typically a responsible adult or an entity appointed by the court, manages the property on behalf of the minor until they become of legal age, as defined by Florida law, often 18 or 21 years old. Here are some relevant keywords associated with the Hillsborough Florida Custodian Agreement: 1. Custodian: The individual or entity entrusted with the management and administration of the minor's assets as specified in the agreement. 2. Minor: Refers to an individual who is under legal age and considered incapable of managing their assets independently. 3. Assets: Includes various forms of property or investments belonging to the minor, such as cash, stocks, real estate, or other valuable possessions. 4. Management: The custodian assumes the responsibility of overseeing, safeguarding, and making profit-generating decisions regarding the minor's assets. 5. Distribution: Specifies the conditions or events upon which the custodian may distribute the assets to the minor, such as reaching a certain age or achieving specific milestones. 6. Legal Age: The age at which a minor is considered legally competent, typically 18 or 21 years old, determining when the custodianship will terminate. 7. Hillsborough County: Refers to the specific geographic area within the state of Florida where the agreement is governed and enforced. 8. Court Appointment: In situations where a custodian is not designated or a dispute arises, the court may appoint a custodian to oversee the minor's assets. 9. Fiduciary Duty: The custodian is legally obligated to act in the best interests of the minor, handling their assets with care and prudence. 10. Termination: Specifies the circumstances under which the custodianship can be terminated, such as the minor reaching the legal age or the occurrence of a specified event. Different types of Hillsborough Florida Custodian Agreements may include variations based on specific assets held, unique provisions tailored to individual circumstances, or provisions allowing for changes or updates to the agreement over time. Examples of additional custodian agreements may include Hillsborough Florida Real Estate Custodian Agreement or Hillsborough Florida Custodian Agreement for Financial Assets.

The Hillsborough Florida Custodian Agreement is a legal document that outlines the responsibilities and obligations between a custodian and a minor's assets in Hillsborough County, Florida. It establishes the terms and conditions for the custodian to manage, protect, and distribute the minor's property or investments until they reach a certain age or specific event occurs. This agreement is designed to safeguard the minor's assets and ensure their best interests are protected. The custodian, who is typically a responsible adult or an entity appointed by the court, manages the property on behalf of the minor until they become of legal age, as defined by Florida law, often 18 or 21 years old. Here are some relevant keywords associated with the Hillsborough Florida Custodian Agreement: 1. Custodian: The individual or entity entrusted with the management and administration of the minor's assets as specified in the agreement. 2. Minor: Refers to an individual who is under legal age and considered incapable of managing their assets independently. 3. Assets: Includes various forms of property or investments belonging to the minor, such as cash, stocks, real estate, or other valuable possessions. 4. Management: The custodian assumes the responsibility of overseeing, safeguarding, and making profit-generating decisions regarding the minor's assets. 5. Distribution: Specifies the conditions or events upon which the custodian may distribute the assets to the minor, such as reaching a certain age or achieving specific milestones. 6. Legal Age: The age at which a minor is considered legally competent, typically 18 or 21 years old, determining when the custodianship will terminate. 7. Hillsborough County: Refers to the specific geographic area within the state of Florida where the agreement is governed and enforced. 8. Court Appointment: In situations where a custodian is not designated or a dispute arises, the court may appoint a custodian to oversee the minor's assets. 9. Fiduciary Duty: The custodian is legally obligated to act in the best interests of the minor, handling their assets with care and prudence. 10. Termination: Specifies the circumstances under which the custodianship can be terminated, such as the minor reaching the legal age or the occurrence of a specified event. Different types of Hillsborough Florida Custodian Agreements may include variations based on specific assets held, unique provisions tailored to individual circumstances, or provisions allowing for changes or updates to the agreement over time. Examples of additional custodian agreements may include Hillsborough Florida Real Estate Custodian Agreement or Hillsborough Florida Custodian Agreement for Financial Assets.