Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust
Overview of this form
The Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust is a legal document that establishes the terms under which a specific investment trust operates. This form specifically pertains to the Select Global 30 Portfolio 2000-1. It is designed to outline the roles of the Depositor and Trustee, as well as the rights and obligations of the participating unit holders. Unlike other types of trust agreements, this form incorporates prior agreements and sets special terms for managing assets within the trust framework.
Main sections of this form
- Identification of the Depositor (Dean Witter Reynolds, Inc.) and Trustee (The Bank of New York).
- Incorporation of standard terms and conditions from a prior Basic Agreement.
- Specific amendments related to the handling of assets and distribution of funds.
- Definitions of key terms such as Deferred Sales Charge and In-Kind Distribution Date.
- Special conditions concerning Unit Holders' rights and trustee responsibilities.
When this form is needed
This Trust Agreement is necessary when establishing a trust for a specific portfolio of investments, particularly when managing multiple assets and their respective distributions to unit holders. It is commonly used in scenarios involving investment vehicles that require formalized agreements between asset managers and trustees to ensure compliance and effective administration of the trust.
Who this form is for
This form is intended for:
- Investment firms acting as Depositors looking to create a trust structure for unit holders.
- Trustees responsible for managing the trustâs assets and ensuring compliance with the terms of the agreement.
- Financial institutions involved in the distribution of investment trusts to potential investors.
- Unit holders interested in understanding their rights, obligations, and the handling of trust assets.
Instructions for completing this form
- Identify the parties involved: the Depositor and Trustee must be clearly named.
- Incorporate necessary amendments from the Basic Agreement that are relevant to this trust.
- Define key terms such as the In-Kind Distribution Date and Deferred Sales Charge within the document.
- Clearly outline the responsibilities of the Trustee in managing the assets of the trust.
- Specify the rights of the Unit Holders concerning distributions and decisions made by the Trustee.
Is notarization required?
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to clearly define the roles of the Depositor and Trustee, leading to confusion.
- Not incorporating necessary amendments from previous agreements, which can cause legal issues.
- Overlooking the definitions of key terms, which may lead to misinterpretation by Unit Holders.
- Neglecting to specify the responsibilities and liabilities of the Trustee, potentially exposing them to legal challenges.
Benefits of completing this form online
- Convenience of accessing and completing the form from anywhere at any time.
- Editability allows users to customize the agreement as needed.
- Reliability of having a document prepared by licensed attorneys, ensuring legal soundness.
- Quick download and easy storage for future reference.
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FAQ
A trust agreement is a document that allows you (the trustor) to legally transfer the ownership of specific assets to another person (trustee) to be held for the trustor's beneficiaries.Assets controlled in the trust.
To manage and control spending and investments to protect beneficiaries from poor judgment and waste; To avoid court-supervised probate of trust assets and be private; To protect trust assets from the beneficiaries' creditors;To reduce income taxes or shelter assets from estate and transfer taxes.
A trust agreement is a document that spells out the rules that you want followed for property held in trust for your beneficiaries. Common objectives for trusts are to reduce the estate tax liability, to protect property in your estate, and to avoid probate.
Personal trusts are further divided into either 1) Under Declaration of Trust (U/D/T) meaning the grantor and the trustee are the same person and the grantor controls the trust assets, and 2) Trust Under Agreement (U/A) meaning the grantor and the trustee are different persons and the trustee controls the trust assets.
The owner, called the settlor, transfers the trust property to an intermediary, the trustee, to hold it for the beneficiaries.Either way, the deal between settlor and trustee is functionally indistin- guishable from the modem third-party-beneficiary contract. Trusts are contracts.
A trust is traditionally used for minimizing estate taxes and can offer other benefits as part of a well-crafted estate plan. A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries.
The owner, called the settlor, transfers the trust property to an intermediary, the trustee, to hold it for the beneficiaries.Trusts are contracts.
When signing anything on behalf of the trust, always sign as John Smith, Trustee. By signing as Trustee, you will not be personally liable for that action as long as that action is within the scope of your authority under the trust.