Cook Illinois Grantor Trust Agreement between Cumberland Mountain Bancshares, James J. Shoffner, et al.

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• County: Cook
• Control #: US-EG-9218
• Format: Word; Rich Text

Description

Grantor Trust Agreement between Cumberland Mountain Bancshares, James J. Shoffner, Barry Litton, Robert R. Long, J.D. Howard and Raymond C. Walker regarding the establishment of Trust with the intention of the company to make contributions to the Trust Cook Illinois Granter Trust Agreement is a legal document that outlines the arrangement between Cumberland Mountain Ranchers and James J. Shaffer, along with other relevant parties. This agreement governs a specific type of trust known as the "Cook Illinois Granter Trust" and sets out the terms and conditions under which it operates. The Cook Illinois Granter Trust Agreement serves to establish and outline the responsibilities, rights, and obligations of all parties involved. This agreement ensures that the trust is formed in compliance with the laws of the state of Illinois and adheres to any additional legal requirements. Cumberland Mountain Ranchers, James J. Shaffer, and the other beneficiaries of the trust agree to abide by the terms and conditions set forth in the Cook Illinois Granter Trust Agreement. The specific details of the agreement may vary based on the unique circumstances and objectives of the trust, but some common provisions may include: 1. Granter: The granter, in this case, refers to Cumberland Mountain Ranchers. It is the entity that establishes the trust and transfers assets to it. The granter retains specific rights and powers outlined in the agreement. 2. Trustee: The trustee is the individual or entity responsible for managing and administering the trust on behalf of the beneficiaries. The trustee may have certain powers, duties, and limitations as defined by the agreement. 3. Beneficiaries: The beneficiaries are the individuals or entities who will enjoy the benefits of the trust. They may include James J. Shaffer, among others. The agreement outlines how the trust's income, assets, and distributions will be allocated among the beneficiaries. 4. Trust Purpose and Objectives: The Cook Illinois Granter Trust Agreement will detail the specific purpose for which the trust is established. This may include preserving and growing assets, providing for specific obligations, or achieving certain financial goals. 5. Trust Assets and Transfers: The agreement describes the assets that are transferred to the trust, including their nature, value, and any restrictions or conditions that may apply to them. 6. Trust Duration and Termination: The Cook Illinois Granter Trust Agreement specifies the intended duration of the trust and the conditions under which it may be terminated or modified. It is important to note that there may be different types of Cook Illinois Granter Trust Agreements, depending on the specific objectives and requirements of Cumberland Mountain Ranchers and James J. Shaffer. These agreements could differ in terms of their focus or the assets involved, but the underlying structure and purpose of each trust remain consistent.

Cook Illinois Granter Trust Agreement is a legal document that outlines the arrangement between Cumberland Mountain Ranchers and James J. Shaffer, along with other relevant parties. This agreement governs a specific type of trust known as the "Cook Illinois Granter Trust" and sets out the terms and conditions under which it operates. The Cook Illinois Granter Trust Agreement serves to establish and outline the responsibilities, rights, and obligations of all parties involved. This agreement ensures that the trust is formed in compliance with the laws of the state of Illinois and adheres to any additional legal requirements. Cumberland Mountain Ranchers, James J. Shaffer, and the other beneficiaries of the trust agree to abide by the terms and conditions set forth in the Cook Illinois Granter Trust Agreement. The specific details of the agreement may vary based on the unique circumstances and objectives of the trust, but some common provisions may include: 1. Granter: The granter, in this case, refers to Cumberland Mountain Ranchers. It is the entity that establishes the trust and transfers assets to it. The granter retains specific rights and powers outlined in the agreement. 2. Trustee: The trustee is the individual or entity responsible for managing and administering the trust on behalf of the beneficiaries. The trustee may have certain powers, duties, and limitations as defined by the agreement. 3. Beneficiaries: The beneficiaries are the individuals or entities who will enjoy the benefits of the trust. They may include James J. Shaffer, among others. The agreement outlines how the trust's income, assets, and distributions will be allocated among the beneficiaries. 4. Trust Purpose and Objectives: The Cook Illinois Granter Trust Agreement will detail the specific purpose for which the trust is established. This may include preserving and growing assets, providing for specific obligations, or achieving certain financial goals. 5. Trust Assets and Transfers: The agreement describes the assets that are transferred to the trust, including their nature, value, and any restrictions or conditions that may apply to them. 6. Trust Duration and Termination: The Cook Illinois Granter Trust Agreement specifies the intended duration of the trust and the conditions under which it may be terminated or modified. It is important to note that there may be different types of Cook Illinois Granter Trust Agreements, depending on the specific objectives and requirements of Cumberland Mountain Ranchers and James J. Shaffer. These agreements could differ in terms of their focus or the assets involved, but the underlying structure and purpose of each trust remain consistent.