The Georgia Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a legally binding contract that outlines the terms and conditions governing the management and administration of trust accounts in the state of Georgia. This agreement establishes a fiduciary relationship between the two parties, where Prudential Securities Incorporated acts as the trustee and The Chase Manhattan Bank serves as the custodian of the trust assets. Keywords: Georgia, Reference Trust Agreement, Prudential Securities Incorporated, The Chase Manhattan Bank, trust accounts, management, administration, fiduciary relationship, trustee, custodian, trust assets. There may be different types of Georgia Reference Trust Agreements between Prudential Securities Incorporated and The Chase Manhattan Bank, depending on the specific purpose and nature of the trust being created. Some common types of trust agreements that could be established under this arrangement include: 1. Revocable Living Trust Agreement: This type of trust agreement allows the trust creator (also known as the granter) to retain control and ownership of the trust assets during their lifetime. It provides a mechanism for the smooth transfer of assets to beneficiaries upon the granter's death, avoiding probate. 2. Irrevocable Trust Agreement: In contrast to a revocable living trust, an irrevocable trust agreement transfers ownership of assets to the trust, removing them from the granter's estate. Once established, the terms of this trust agreement cannot be changed or revoked without the consent of all parties involved. 3. Charitable Trust Agreement: This type of trust agreement is established for philanthropic purposes, allowing the granter to donate assets to charitable organizations while providing certain tax benefits. Prudential Securities and The Chase Manhattan Bank would work together to ensure the proper administration and distribution of trust funds to eligible charitable entities. 4. Special Needs Trust Agreement: This trust agreement aims to provide financial support and protection for individuals with special needs or disabilities. The assets held in this trust can be used to supplement government benefits without jeopardizing the beneficiary's eligibility. 5. Testamentary Trust Agreement: A testamentary trust agreement is created through a will and comes into effect upon the granter's death. Prudential Securities and The Chase Manhattan Bank would follow the provisions outlined in the granter's will, ensuring the proper management and distribution of assets to the designated beneficiaries. Please note that the actual types of Georgia Reference Trust Agreements between Prudential Securities Incorporated and The Chase Manhattan Bank may vary, and it is advisable to consult the specific agreement for accurate details and information.
Georgia Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank
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