Wake North Carolina Grantor Trust Agreement between Cumberland Mountain Bancshares, James J. Shoffner, et al.

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• County: Wake
• 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 A Wake North Carolina Granter Trust Agreement between Cumberland Mountain Ranchers, James J. Shaffer, et al. is a legally binding document that outlines the establishment and operation of a trust in Wake County, North Carolina. This agreement involves Cumberland Mountain Ranchers, a financial institution, and James J. Shaffer, among other parties who may also be involved in the trust. The primary purpose of the Wake North Carolina Granter Trust Agreement is to specify the terms and conditions under which the trust is created, managed, and distributed. The agreement will typically cover a wide range of important aspects related to the trust, ensuring transparency, and minimizing the potential for disputes. One type of Wake North Carolina Granter Trust Agreement is a revocable trust, allowing the granter to modify or terminate the trust at any given time. This flexibility is beneficial when circumstances or provisions within the trust need to be changed. Another type may be an irrevocable trust, which cannot be modified or terminated once established, providing a more permanent and secure arrangement. The agreement will outline the roles and responsibilities of all parties involved, including the granter, beneficiaries, trustees, and trusteeship responsibilities. It will typically contain provisions relating to asset allocation, income distribution, tax implications, and any special conditions that need to be met for the trust's administration. Furthermore, a Wake North Carolina Granter Trust Agreement will establish the time frame for the trust's operation, addressing when it starts, how long it will last, and when it will terminate or be dissolved. Overall, this document serves as a detailed blueprint for the establishment and management of a trust in Wake County, North Carolina. It ensures legal compliance and protects the interests of all parties involved in the trust, providing clarity and security throughout its duration.

A Wake North Carolina Granter Trust Agreement between Cumberland Mountain Ranchers, James J. Shaffer, et al. is a legally binding document that outlines the establishment and operation of a trust in Wake County, North Carolina. This agreement involves Cumberland Mountain Ranchers, a financial institution, and James J. Shaffer, among other parties who may also be involved in the trust. The primary purpose of the Wake North Carolina Granter Trust Agreement is to specify the terms and conditions under which the trust is created, managed, and distributed. The agreement will typically cover a wide range of important aspects related to the trust, ensuring transparency, and minimizing the potential for disputes. One type of Wake North Carolina Granter Trust Agreement is a revocable trust, allowing the granter to modify or terminate the trust at any given time. This flexibility is beneficial when circumstances or provisions within the trust need to be changed. Another type may be an irrevocable trust, which cannot be modified or terminated once established, providing a more permanent and secure arrangement. The agreement will outline the roles and responsibilities of all parties involved, including the granter, beneficiaries, trustees, and trusteeship responsibilities. It will typically contain provisions relating to asset allocation, income distribution, tax implications, and any special conditions that need to be met for the trust's administration. Furthermore, a Wake North Carolina Granter Trust Agreement will establish the time frame for the trust's operation, addressing when it starts, how long it will last, and when it will terminate or be dissolved. Overall, this document serves as a detailed blueprint for the establishment and management of a trust in Wake County, North Carolina. It ensures legal compliance and protects the interests of all parties involved in the trust, providing clarity and security throughout its duration.