/StructParent 482 The work of trustees would be extremely difficult if it were not possible for them to involve other people in administrative and management tasks or to allow for matters to be dealt with during their absence. /FormType 1 >> 255 0 obj /AP << >> B. q >> /A 314 0 R << >> >> /FormType 1 /TU (MLPF&S Account #3: \(For Internal Use Only\): Enter the last 5-digits of the 8-digit Merrill Account Number) /BleedBox [0.0 0.0 612.0 792.0] 736.0103(2) and the term investment instrument shall have the meaning ascribed such term in FS 660.25. 6. /Type /Annot >> /MaxLen 2 >> /Ff 8388608 /MaxLen 5 n /Font << >> stream >> /Subtype /Widget TRUSTEES /N << >> /TU (My commission expires: Enter 2-Digit Month/2-Digit Day/4-Digit Year) 306 0 obj /igrave /iacute /icircumflex /idieresis /eth /ntilde /ograve /oacute /ocircumflex /otilde /Rect [474.0 71.88 565.2 87.24] 736.0802(5). /T (Margin transactions including short sales uncovered putcall options spreads straddles and combinations whether index or equity01) /Encoding << /MK << /Ff 29360128 /FormType 1 It will also mention where further details of the delegations are found. /F 4 >> 321 0 obj << 0 0 12.48 12.72 re /CropBox [0.0 0.0 612.0 792.0] stream 264 0 obj /ZaDb 552 0 R /Resources << /O /Layout << /T (MLPFS Account_3_5) /PageItemUIDToLocationDataMap << /F 4 endstream 336 0 obj /JS (SyncCheckboxes\(event.target\);) << >> /TU (5D. >> /ZaDb 553 0 R /StartIndent 13.5 /Parent 71 0 R endobj 207 0 obj /Resources << >> /PDFDocEncoding 151 0 R /O /Layout /Rect [409.92 71.88 463.08 87.24] The of Trusts DELEGATION BY INDIVIDUAL TRUSTEES /Subtype /Form /CM4 << Web(1) delegation of the entire trust administration, (2) delegation to a cotrustee, (3) power to cooperate with others, (4) use of expert advice, and (5) delegation by a corporate Unless otherwise restricted by the Board, the President, in turn, may delegate certain authority to the officers and employees of the university. /S /JavaScript /MK << /T (MLPFS Account_2_3) << stream /DA (/Helv 10 Tf 0 g) endobj 211 0 obj /Parent 71 0 R /P 129 0 R /quoteright /quotesinglbase /trademark /fi /fl /Lslash /OE /Scaron /Ydieresis /Zcaron endobj 3 0 obj /Type /XObject Each of these two forms of delegation has common law rules, which have been significantly extended by statute, in recognition of the need for trustees to have clear powers to delegate in the interests of the smooth running of their trusts. /PDFDocEncoding 151 0 R << /MK << >> /ordmasculine 188 /onequarter /onehalf /threequarters 192 /Agrave /Aacute /Acircumflex /Atilde 2.4362 3.3161 Td 350 0 obj >> /ProcSet [/PDF /Text] stream /K 522 0 R 736.04117 to the contrary, a Trustee who is authorized to make distributions to or for the benefit of a beneficiary, shall not exercise the power by appointing all or part of the principal of the trust subject to the power in favor of a Trustee of another trust for the benefit of one (1) or more of the beneficiaries under the same trust instrument or under a different trust instrument. /TU 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/TU (Signature of Notary Public) /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] << 339 0 obj /MK << /FT /Tx /JS (AFSpecial_Keystroke\(2\);) /FT /Sig The same person may be both nominee and custodian. /degree /plusminus /twosuperior /threesuperior /acute /mu 183 /periodcentered /cedilla /onesuperior 128 0 obj /MK << /Subtype /Widget /Rect [155.64 211.68 168.12 224.4] >> >> >> /TU (Signature of Notary Public) 367 0 obj 2.4362 3.3161 Td /Ff 29360128 /StructParent 676 /FT /Tx /PDFDocEncoding 151 0 R >> /Type /XObject /Length 36 With respect to each trust created under this trust instrument, it is the Settlors desire that the Trustee exercise its discretionary powers to benefit the current beneficiary of the trust, rather than any remaindermen, even to the extent of terminating the trust by distributing the entire trust estate to the beneficiary at any point in time following the creation of the trust and thereby eliminating the contingent interest of any remaindermen. /FT /Tx /DA (/Helv 10 Tf 0 g) endobj 360 0 obj >> /MK << /DA (/Helv 0 Tf 0 g) >> /Subtype /Widget /FT /Tx endobj /F 4 /FT /Tx >> W 333 0 obj /TU (My commission expires: Enter 2-Digit Month/2-Digit Day/4-Digit Year) >> endobj /quotesingle 96 /grave 128 /bullet /dagger /daggerdbl /ellipsis /emdash /endash /MK << /NumberOfPageItemsInPage 2 /Subtype /Widget The following Private Client practice note provides comprehensive and up to date legal information on Charities and delegation of asset management W >> /Rect [316.44 282.12 380.4 295.32] Margin transactions 1 including short sales, uncovered put/call options, spreads, straddles and combinations, whether index or equity: All current trustees must initial those that apply in spaces provided) /Type /Annot >> /NumberOfPageItemsInPage 2 /Resources << stream /Type /XObject >> /Font << /F 4 /Type /XObject /Type /Annot endobj /S /JavaScript endobj >> /StructParent 725 /LineHeight 14 Professional Postgraduate Diploma in Private Wealth Advising, Russia-Ukraine conflict & associated sanctions, STEP Standard Provisions (England, Wales and Northern Ireland), STEP Employer Partnership Programme resources, Making a Complaint: Our Disciplinary Process, Urgent Applications in the Court of Protection, Last Orders: The Essential Guide to your Letter of Wishes. /Parent 71 0 R 0 0 12.48 12.72 re << /S /JavaScript /D << /JS (SyncCheckboxes\(event.target\);) >> /DA (/Helv 10 Tf 0 g) /FT /Btn 0 0 12.48 12.72 re endstream 58 0 obj >> /Rect [341.055 541.64 557.055 556.4] /T (Margin transactions including short sales03) << /FT /Tx endobj stream /Subtype /Widget endobj /MaxLen 5 /P 134 0 R >> /TU (MLPF&S Account #1 \(For Internal Use Only\): Enter the first 3-digits of the 8-digit Merrill Account Number) /Ff 29360128 >> /F 4 /P 137 0 R >> /XObject << /Subtype /Widget endobj >> Signatory Authority Delegation Form | Office of the Senior Vice 331 0 obj /Ff 8388608 >> /FT /Tx /TU (Signature of Notary Public) /Type /Annot /Type /Annot /ProcSet [/PDF /Text] << << >> >> /quotesingle 96 /grave 128 /bullet /dagger /daggerdbl /ellipsis /emdash /endash /MK << << >> /FT /Tx /T (Address) >> << /Filter /FlateDecode /Adieresis /Aring /AE /Ccedilla /Egrave /Eacute /Ecircumflex /Edieresis /Igrave /Iacute >> 165 0 obj /Length 83 /Resources << /N << /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] >> /StructParent 460 /Parent 6 0 R /MK << /Ff 8388608 >> << endstream /Subtype /Widget /Ff 29360128 164 0 obj /FT /Tx /CM32 << /Rect [522.48 577.32 542.4 590.64] 159 0 obj 111 0 R 112 0 R 113 0 R 114 0 R] << /Bl 330 0 R stream << /Type /XObject /Resources << >> /Resources << /FT /Tx /MK << /Parent 70 0 R >> /On 348 0 R /Type /Annot /Length 116 /P 135 0 R /T (C-1) /T (MLPFS Account01) /StartIndent 334 endobj stream /CA (4) /StructParents 682 /CM16 << Delegation /MaxLen 5 /Type /Annot /ProcSet [/PDF /Text] Trustee owning stock in name of nominee - Exemption. 736.04117. /Length 12 BT /ZaDb 5.6414 Tf /0 221 /N 14 0 R /Tx BMC /T (G-2) /Rect [88.68 462 378.24 479.64] /DA (/Helv 10 Tf 0 g) 282 0 obj 196 0 obj /MK << EMC H,=@DSfG+;E#X/2DIUoKgA7`wVi-`hb!U /Parent 72 0 R endobj 29 0 obj >> /A 386 0 R /Subtype /Widget /brokenbar 168 /dieresis /copyright /ordfeminine 172 /logicalnot /.notdef /registered /macron /TU (Print Name of Notary Public) /StructParent 577 /T ( 20_1) /O /Layout /Resources << /F 4 /Type /Annot 52 0 obj /MK << << >> endobj 1.0 4.21616 370.08] /On 313 0 R /On 322 0 R endobj /D << >> /Subtype /Widget /DA (/Helv 0 Tf 0 g) /Subtype /Form /ProcSet [/PDF] /FT /Tx >> /Rect [54.24 512.88 66.72 525.6] /Parent 70 0 R /Font << /ProcSet [/PDF /Text] /FormType 1 /Parent 50 0 R << /N 161 0 R >> >> /ZaDb 13 0 R /Parent 71 0 R /Type /Annot /Type /Annot << >> 288 0 obj /TU (Please print the name of an individual that Merrill Lynch may contact in the event a trustee resigns, becomes incapacitated or dies:) 0 0 12.48 12.72 re When delegating in this context, the trustee must exercise reasonable care, skill, and caution in: (1) selecting an agent; (2) establishing the scope and terms of /Subtype /Widget /StructParent 446 /P 137 0 R /FT /Tx /Parent 70 0 R /PageItemUIDToLocationDataMap << /DSz 14 0 R /Ff 8388608 As a general rule, a trustee may not delegate discretionary functions to an agent, because those responsibilities were appointed to the trustee by the grantor. /ProcSet [/PDF] /StructParent 581 Typically, this arises in joint home ownership scenarios. >> /T ( personally appeared) /Ff 8388608 /ColorSpace << /SpaceAfter -6.37498 With respect to each trust created under this trust instrument, the Trustee may make loans to, receive loans from, sell, purchase or exchange any portion of the trust estate with (a) any one (1) or more persons who may be related to the Trustee, (b) an officer, director, employee, agent or attorney of the Trustee, and/or (c) a corporation, partnership, limited liability company or other business entity in which the Trustee has a financial interest. 3, Trust Opportunities. /florin /fraction /guilsinglleft /guilsinglright /minus /perthousand /quotedblbase /quotedblleft /quotedblright /quoteleft 1 1 10.48 10.72 re /Font << /MK << 88 0 obj >> >> /P 137 0 R /F 4 /F 4 /Parent 70 0 R /JS (SyncCheckboxes\(event.target\);) /ProcSet [/PDF /Text] WebDelegation of Trustee Responsibilities. << /Type /Annot /T ( day of_6) >> 50 0 obj /Fm1 394 0 R /Rect [292.44 386.4 420.48 401.04] 1 1 10.48 10.72 re 59 0 obj /T ( County of) RCW 11.98.016: Exercise of powers by co-trustees. - Washington 736.0802(5), a Corporate Trustee is hereby prohibited from investing in any investment instrument owned or controlled by such Corporate Trustee or its affiliate and from engaging any affiliate to render services to such trust. /brokenbar 168 /dieresis /copyright /ordfeminine 172 /logicalnot /.notdef /registered /macron /AA << /F 4 /First 130 0 R >> /Ff 29360128 /F 4 158 0 obj << /Filter /FlateDecode /TU (2. endobj /Type /Annot endobj 117 0 obj /Helv 152 0 R /Adieresis /Aring /AE /Ccedilla /Egrave /Eacute /Ecircumflex /Edieresis /Igrave /Iacute 358 0 obj >> >> /DA (/Helv 10 Tf 0 g) /Subtype /Widget /Parent 71 0 R << /TU (A\) Agreed and Certified to this year of: \(Enter 4-Digit Year\)) /TU (MLPF&S Account #1 \(For Internal Use Only\): Enter the first 3-digits of the 8-digit Merrill Account Number) endobj /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /AP << /Oslash /Ugrave /Uacute /Ucircumflex /Udieresis /Yacute /Thorn /germandbls /agrave /aacute /FT /Tx /Parent 71 0 R /Subtype /Widget /Subtype /Widget The following provisions apply to each irrevocable trust created under this trust instrument. 86 0 obj /A 309 0 R /FT /Tx (4) Tj /Ff 8388608 >> /OriginalDocumentID >> /T1_0 382 0 R f /N 147 0 R /JS (SyncCheckboxes\(event.target\);) The determination of the amount of net income or principal of a trust to be distributed to or for the benefit of a beneficiary is in the sole discretion of the Trustee. endstream << /P 134 0 R /Type /XObject /Font << /Type /Annot 413 0 R 414 0 R] /T (Country of residency_01) /Subtype /Widget Cotrustees - Powers and liabilities. >> << /PieceInfo << 495 0 R 496 0 R 497 0 R 498 0 R 499 0 R 500 0 R] endstream /Ff 8388608 >> /XObject << >> /Tx BMC /D << /Ff 8388608 /N 535 0 R /Subtype /Widget /T ( My commission expires_1) /DA (/Helv 0 Tf 0 g) /P 131 0 R << endobj 257 0 obj There are certain conditions (set out in s15 TA 2000) to such delegation to an investment manager: a) the terms must be in writing or evidenced in writing; b) the trustees must provide a written policy statement: and c) the investment manager must confirm that he will comply with the policy statement. /FormType 1 >> /T1_1 384 0 R /Subtype /Widget /Ff 8388608 >> /GS2 379 0 R /Type /Annot /Ff 8388608 /MK << << /StructParent 537 Only /F 4 endobj Signature Authorization Letter /Subtype /Widget /Rect [136.8 471.8 540.84 486.44] /StructParent 506 169 0 obj >> >> /Type /Annot /TU (B\) Agreed and Certified to this year of: Enter 4-Digit Year) https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. /Type /Annot /Type /Encoding /Font << endobj 5 0 obj Delegation /MaxLen 2 /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /TextIndent -15.25 >> /0 9725 /Type /Annot /Subtype /Widget endobj /P 134 0 R 8.6597 TL /P 137 0 R >> to this delegation to the Board of Trustees or its Executive Committee on or before the next regularly scheduled meeting. 153 0 obj /Type /Annot >> /StartIndent 311.125 /Font << endobj >> 0.749023 g /FT /Btn /Subtype /Form >> 151 0 obj /BBox [0.0 0.0 12.48 12.72] 425 0 R 426 0 R 427 0 R 428 0 R 429 0 R 430 0 R 431 0 R 432 0 R 433 0 R 434 0 R Any one (1) Trustee may sign checks, agreements or other documents on behalf of the trust and such signature shall bind the trust in the same manner as though the check, agreement or other document had been signed by all then acting Trustees, and no person dealing with the signing Trustee is obligated to inquire as to the acquiescence of the other Trustees to an action by the signing Trustee.. /TU (On: Enter date including 2-Digit Month/2-Digit Day/4-Digit Year) /PageUIDList << >> /O /Layout /DA (/Helv 0 Tf 0 g) endobj /LineHeight 15.5 84 0 obj << /AS /Off 231 0 obj Where appropriate, urgent decisions that arise between meetings, may be dealt with by Chair's Action where it is not possible to convene a meeting of the Board at short notice. << /Parent 71 0 R stream /S /JavaScript /Type /Annot /Ff 8388608 A sample form for a company's authorized signatories to use when adding, changing, or revoking a delegation of authority under a signature authorization and delegation of authority policy. >> 31 0 obj /T1_1 384 0 R /CM5 << /Font << >> << /TU (A\) Agreed and Certified to this day of: \(Enter 2-Digit Day\)) /Rect [154.92 301.2 557.4 318.96] /Kids [236 0 R 237 0 R 238 0 R 239 0 R 240 0 R 241 0 R 242 0 R 243 0 R 244 0 R 245 0 R /Type /Annot /AP << 210 0 obj /FT /Tx /F 4 /P 133 0 R /TU (B\) Agreed and Certified to this day of: \(Enter 2-Digit Day\)) /T ( Signature of Notary Public) endobj endobj /Subtype /Widget >> /P 136 0 R >> /Type /Annot /TU (MLPF&S Account #1 \(For Internal Use Only\): Enter the last 5-digits of the 8-digit Merrill Account Number) /T ( Agreed and Certified to this) /TU (The foregoing instrument was acknowledged before me, a Notary Public, this: \(Enter Month\)) /Oslash /Ugrave /Uacute /Ucircumflex /Udieresis /Yacute /Thorn /germandbls /agrave /aacute /Type /Annot << /Parent 71 0 R it needs to decide which other matters it will make decisions about and which it can and will delegate. /FormType 1 /Ff 8388608 /Type /Annot endobj /FT /Tx /MaxLen 2 >> /Ff 29360128 /Ff 8388608 (4) Tj endobj /Encoding << /Length 83 f /quotesingle 96 /grave 128 /bullet /dagger /daggerdbl /ellipsis /emdash /endash /FT /Sig /T1_1 384 0 R /T (Type of identification05) /P 137 0 R /TU (Country of residency for Trustee Name 1) /Subtype /Form /P 137 0 R /T ( Agreed and Certified to this_1) /ZaDb 8.9925 Tf 332 0 obj /FT /Tx Powers and Duties of Trustees Section 3.1 General 6 Section 3.2 Investments 6 Section 3.3 Legal Title 7 Section 3.4 Issuance and Repurchase of Shares 7 Section 3.5 Borrow Money or Utilize Leverage 7 Section 3.6 Delegation; Committees 7 Section 3.7 Collection and Payment 8 Section 3.8 Expenses 8 Section 3.9 By-Laws 8 Section 3.10 Miscellaneous Powers 8 Section 3.11 Further Powers 8 ARTICLE IV Advisory, Management and Distribution Arrangements Section 4.1 Advisory and Management Arrangements 9 Section 4.2 Distribution Arrangements 9 Section 4.3 Parties to Contract 9 ARTICLE V. Selection and Nomination of Trustees While this Plan is in effect, the selection and nomination of persons to be Trustees of the Fund who are not "interested persons" of the Fund ("Disinterested Trustees") shall be committed to the discretion of the incumbent Disinterested Trustees. /D << endobj endobj /FormType 1 /Rect [398.28 652.8 560.4 666.84] endobj /LastModified << 485 0 R 486 0 R 487 0 R 488 0 R 489 0 R 490 0 R 491 0 R 492 0 R 493 0 R 494 0 R >> /Type /Annot /JS (SyncCheckboxes\(event.target\);) /T1_0 382 0 R /On 180 0 R /MK << /StructParent 572 /DA (/Helv 10 Tf 0 g) /DR << /Ff 8388608 /Length 90 /CM6 << << 209 0 obj /Type /Annot /Font << /DA (/Helv 10 Tf 0 g) /FT /Tx 0.749023 g 357 0 obj /FT /Tx 261 0 obj /quotesingle 96 /grave 128 /bullet /dagger /daggerdbl /ellipsis /emdash /endash /StructParent 607 /MK << << 221 0 obj << >> >> /Subtype /Widget >> /ProcSet [/PDF /Text] /Type /Annot /AS /Off /MK << /PageWidthList << /Type /XObject >> /DA (/Helv 10 Tf 0 g) Delegation /StructParent 719 endobj /StructParent 677 /PDFDocEncoding 166 0 R /P 135 0 R /Subtype /Form endobj >> 129 0 obj >> /InDesign << endobj >> >> /TU (Signature of Trustees requiring Notarization: Use this page when the Notary is in Florida \(Please note that all fields, including the boxes below, must be completed by the Notary Public or the document will be returned\): B\) Agreed and Certified to this: Enter Month) >> /Name /Helv /Type /XObject /Rect [322.367 304.171 462.407 318.811] /F 4 >> /DA (/Helv 10 Tf 0 g) >> 27 0 obj >> The drafter could consider language similar to the following with respect to delegation of authority: (z) at any time and from time to time, and subject to revocation at any time, to delegate the authorities, discretions and powers or any of them conferred upon a fiduciary under this trust instrument to any person or persons and/or entity or entities, without notice to the qualified beneficiaries of the trust; provided, any delegation or revocation of a delegations is to be evidenced by a written instrument, signed and delivered to the person, persons, entity or entities to whom the delegation is made;. /FT /Tx /F 4 /NumberofPages 1 H,=@DSjG+B:%F_xXpot;Y5;fcrVg{# w /Subtype /Widget /odieresis /divide /oslash /ugrave /uacute /ucircumflex /udieresis /yacute /thorn /ydieresis] /InDesign << /DR << f Pyg*eB5![Zh#' NDb0y9LaLSKaeS q 176 0 obj /CM10 << /Resources << /MaxLen 5 /Type /Annot /K 175 0 R /ProcSet [/PDF] >> /Subtype /Form /DA (/Helv 10 Tf 0 g) WebStep 1: You can choose the orange "Get Form Now" button at the top of the following website page. /DA (/Helv 10 Tf 0 g) endobj << /igrave /iacute /icircumflex /idieresis /eth /ntilde /ograve /oacute /ocircumflex /otilde >> endobj /Encoding 10 0 R >> /StructParent 520 7 0 obj /Ff 29360128 /Parent 7 0 R /GS1 380 0 R /F 4 /F 4 /AA << /0 [5943.0 0.0 3.0 223.2 362.88 279.08 368.88 1.0 0.0 0.0 /Type /Annot >> /ProcSet [/PDF] /F 4 /T (MLPFS Account_1) The Settlor appreciates that, do to changing circumstances, it may at some point in the future be desirable from the perspective of a beneficiary to seek the amendment of this trust instrument. 298 0 obj >> /Subtype /Widget >> (c) Single Signatory. /ProcSet [/PDF /Text] /S /JavaScript