Travis Texas Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust is a legally binding document that outlines the terms and conditions between the parties involved. This agreement serves as a safeguard for the beneficiaries and ensures the orderly administration of the trust. The Travis Texas Trust Agreement is a specific type of trust agreement that pertains to assets located in the state of Texas. It provides a comprehensive framework to govern the management, investment, distribution, and other key aspects of the trust. This agreement is specifically established between Dean Witter Reynolds, Inc., a reputable financial institution, and The Bank of New York, which acts as the trustee for the Select Equity Trust. The Bank of New York assumes the fiduciary responsibilities outlined in the agreement and is bound by its provisions. The main purpose of the Travis Texas Trust Agreement Reference Trust Agreement is to protect and manage the assets held within the Select Equity Trust. It outlines the roles and responsibilities of the trustee, providing clarity on how the assets should be invested, protected, and distributed to the beneficiaries. The agreement may also include provisions for clarifying the compensation of the trustee, rules for selecting replacement trustees, dispute resolution mechanisms, and potential amendments to the agreement in the future. The Travis Texas Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust covers various types of trusts, depending on the specific structure and objectives of the trust. Some of these could include: 1. Revocable Trust: A trust that allows the granter to modify or revoke the trust agreement during their lifetime, providing flexibility in managing the assets. 2. Irrevocable Trust: Unlike a revocable trust, this type of trust cannot be modified or revoked by the granter. It provides added asset protection and may have tax advantages. 3. Testamentary Trust: This trust is established through a will and comes into effect after the granter's death. It allows for the orderly distribution of assets and can incorporate provisions for the care of minors or individuals with special needs. 4. Discretionary Trust: In this type of trust, the trustee has discretion over how and when to distribute assets to the beneficiaries. This provides flexibility, especially in cases involving beneficiaries with varying needs or circumstances. 5. Charitable Trust: A trust created to benefit charitable organizations or causes. It allows for the distribution of assets to support philanthropic endeavors and may offer potential tax benefits. Overall, the Travis Texas Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust is a comprehensive and legally binding document that ensures the proper management and administration of assets held within the trust.