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. stream /DA (/Helv 10 Tf 0 g) /ArtBox [0.0 0.0 612.0 792.0] endstream /Type /Annot /O /Layout /AA << /Type /XObject /Subtype /Widget /Subtype /Widget /P 133 0 R >> << /Icircumflex /Idieresis /Eth /Ntilde /Ograve /Oacute /Ocircumflex /Otilde /Odieresis /multiply /DA (/Helv 10 Tf 0 g) /T ( before me) /Subtype /Widget endobj 59 0 obj /Parent 71 0 R >> << endobj /FT /Tx /PageTransformationMatrixList << << >> /Rect [450.6 379.44 558.6 392.76] >> /Subtype /Form >> /DA (/Helv 10 Tf 0 g) /ZaDb 519 0 R /Font << /Length 36 /BBox [0.0 0.0 9.36 9.48001] /On 323 0 R 233 0 obj /NumberOfPageItemsInPage 2 /F 4 /0 7250 /Type /Annot /MK << /D << /PDFDocEncoding 151 0 R The Trustee, without court approval, may amend this subsection in order to change the jurisdiction whose law governs the administration of any trust created under this trust instrument and may amend any other provision of this trust instrument for the purpose of qualifying any trust under this trust instrument to be governed by the law of another jurisdiction. /Ff 29360128 << 1 1 10.4801 10.72 re /Subtype /Form /F 4 >> endobj Purpose of Trust and Intent of Settlor Regarding Trust Modification. /D << >> /TextIndent -15.25 /MK << There are also requirements for the trustees to keep the policy statement and compliance with it under review and to monitor the investment managers performance. /DA (/Helv 10 Tf 0 g) /Ff 8388608 /Parent 70 0 R /GS0 378 0 R >> /Subtype /Widget /P 135 0 R /Title (Trustee Certification Form) /Type /Annot >> /odieresis /divide /oslash /ugrave /uacute /ucircumflex /udieresis /yacute /thorn /ydieresis] /Rotate 0 /Matrix [1 0 0 1 0 0] >> /Subtype /Widget 230 0 obj 2 Tami F. Conetta, Settlor, May I? /Tx BMC 252 0 obj /Subtype /Widget >> /T (MLPFS Account01_3) /Type /Annot << Delegation of Authority Policy /XObject << 19 0 obj /ArtBox [0.0 0.0 612.0 792.0] /ZaDb 557 0 R stream /N 149 0 R /T1_1 384 0 R >> /DA (/Helv 10 Tf 0 g) << /Type /XObject /FormType 1 0 0 12.48 12.72 re /FT /Tx /Rect [450.6 621.64 558.6 634.96] >> Q >> >> >> /Length 12 /GS2 379 0 R /P 135 0 R /NumberofPages 1 /Subtype /Widget /Ff 8388608 >> >> Margin transactions 2 including short sales: All current trustees must initial those that apply in spaces provided:) The of Trusts DELEGATION BY INDIVIDUAL TRUSTEES /AA << /Font << /Ff 8388608 endobj 93 0 obj /MaxLen 3 /Rect [450.414 541.884 558.414 555.204] >> /TU (Country of residency for Trustee Name 3) /Ff 8388608 /N 170 0 R >> /P 137 0 R /CA (4) >> /Ff 8388608 >> Margin transactions 4 including short sales, uncovered put/call options, spreads, straddles and combinations, whether index or equity: All current trustees must initial those that 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(/Helv 10 Tf 0 g) 0 0 12.48 12.72 re /Rect [398.28 678.72 560.4 694.2] >> 313 0 obj >> endstream << The Settlor hereby acknowledges the applicability of these provisions.. 132 0 obj /T ( Agreed and Certified to this) /FT /Tx /P 131 0 R /F 4 << << /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) As used in this subsection, the term affiliate shall have the meaning ascribed to such term in F.S. >> /ZaDb 8.9925 Tf 266 0 obj 27 0 obj /Subtype /Widget /Subtype /Widget >> endobj stream /PDFDocEncoding 166 0 R /DA (/Helv 10 Tf 0 g) /Font << /FT /Tx /Ff 8388608 >> /Rect [63.6145 586.56 203.535 601.32] /Rect [159.12 674.64 267.12 687.96] endobj endobj stream >> /ZaDb 8.9925 Tf endobj /Resources << /StructParent 457 /PDFDocEncoding 151 0 R /Type /Annot >> /StructParent 590 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/FormType 1 67 0 obj << q /StructParent 618 42 0 R 43 0 R 44 0 R 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R] /T (Country of residency_01) q endobj /0 [1.0 0.0 0.0 1.0 0.0 0.0] /Length 12 /StructParent 508 /Helv 167 0 R endobj /DA (/Helv 10 Tf 0 g) /Parent 70 0 R >> << /F 4 /TU (Signature of Notary Public) 362 0 obj /Subtype /Form Language similar to the following could be considered to authorize double fees: Compensation and Expenses. /Contents [369 0 R 370 0 R 371 0 R 372 0 R 373 0 R 374 0 R 375 0 R 376 0 R] /CS0 [/ICCBased 377 0 R] /GS2 379 0 R /FT /Tx >> /DA (/Helv 10 Tf 0 g) >> Signature date and notary date must be the same: State of \(Enter State\)) /N << >> endobj /Subtype /Form /TU (Signed and sworn to \(or affirmed\) before me this: \(Enter Month\)) /T ( this) /MK << >> /StructParents 569 /Resources << /Rect [135.96 442.8 560.04 460.92] /P 136 0 R /TU (On: Enter date including 2-Digit Month/2-Digit Day/4-Digit Year) /P 134 0 R /FT /Tx /FT /Tx >> /P 134 0 R 2.4363 3.3161 Td 281 0 obj /Type /Font /T ( State of Florida County of) /MK << /CA (4) /Parent 71 0 R >> /Filter /FlateDecode << /MK << 199 0 obj /Rect [522.48 577.32 542.4 590.64] /Ff 8388608 >> /GS3 381 0 R >> /NumberOfPageItemsInPage 2 >> /T1_0 382 0 R >> >> /Type /Annot /T1_0 382 0 R /Helv 152 0 R /FT /Tx endstream >> Upon any revocation, amendment or cancellation, the holder of the power to designate successor Designated Representatives of the trusts held pursuant to this trust instrument have the same powers with respect to designating successor Designated Representatives by name or establishing a plan in the manner provided above, as if such power had never been exercised. /Rect [178.8 106.92 280.8 123.6] BT endobj /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] H, >> endobj << endobj Authority to Delegate. endstream /Ff 29360128 << 155 0 obj 0 0 12.48 12.72 re /T (MLPFS Account03) 218 0 obj /P 135 0 R /Subtype /Widget /MK << << endobj endstream A determination of whether the insurance contract was procured or effected in compliance with s. 627.404; 2. /TU (day of: \(Enter 2-Digit Day\)) /StructParent 680 WebA delegation agreement is a written document that outlines the responsibilities and rights of both parties involved in the contract. Q >> >> endobj >> /AA << WebApproval of salary, increases, performance bonuses, or other forms of compensation for the President and those head coaches making more than a dollar amount designated /JS (SyncCheckboxes\(event.target\);) endobj endstream >> /FT /Tx /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /JS (SyncCheckboxes\(event.target\);) >> /Bl 340 0 R Removal of Trustees No natural person shall serve as Trustee after the holders of record of not less than two-thirds of the outstanding Shares have declared that such Trustee be removed from that office either by declaration in writing filed with the Trust's custodian or by votes cast in person or by proxy at a meeting called for the purpose. /DA (/Helv 10 Tf 0 g) >> /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /D << /Subtype /Widget >> Delegation /P 133 0 R /TU (MLPF&S Account #1 \(For Internal Use Only\): Enter the last 5-digits of the 8-digit Merrill Account Number) >> /T1_0 382 0 R /P 136 0 R endobj Q /Bl 285 0 R /GS0 378 0 R /BBox [0.0 0.0 12.48 12.72] /BBox [0 0 424.08 18.24] << 206 0 obj /Parent 70 0 R /Subtype /Form >> /MK << 2.4362 3.3161 Td >> /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /PieceInfo << /CA (4) 183 0 obj /Type /XObject /Type /Annot >> /P 137 0 R /ProcSet [/PDF /Text] /Subtype /Widget >> /BBox [0.0 0.0 12.48 12.72] >> /ZaDb 5.6414 Tf /Type /Annot /On 308 0 R /Filter /FlateDecode /DA (/Helv 10 Tf 0 g) endobj >> /Type /Annot /Type /XObject /MK << /Last 388 0 R /SpaceAfter 12.25 /Helv 152 0 R /FT /Tx /MK << >> /StructParent 606 /StructParent 690 << /PageTransformationMatrixList << /Adieresis /Aring /AE /Ccedilla /Egrave /Eacute /Ecircumflex /Edieresis /Igrave /Iacute /Type /Annot /Resources << 265 0 obj stream /CM3 << /FT /Sig W /NumberOfPageItemsInPage 2 /PDFDocEncoding 162 0 R >> 136 0 obj /TU (9A. /Rect [292.56 621.64 420.6 634.96] Who 109 0 R 127 0 R 266 0 R 267 0 R 116 0 R 119 0 R 117 0 R 120 0 R 118 0 R 121 0 R] /Filter /FlateDecode /MK << /TU (MLPF&S Account #3 \(For Internal Use Only\): Enter the last 5-digits of the 8-digit Merrill Account Number) /Ff 29360128 >> 1.0 301.32 371.88] 198 0 R 194 0 R 193 0 R 238 0 R 236 0 R 237 0 R 74 0 R 75 0 R 76 0 R 77 0 R 2.4362 3.3161 Td >> /Ff 29360128 W /T (A) /ProcSet [/PDF] /FT /Tx /TU (B\) Agreed and Certified to this year of: Enter 4-Digit Year) /Rect [54.0 451.56 557.28 467.76] 2.4362 3.3161 Td /Subtype /Form /Type /Annot /StructParent 573 /quoteright /quotesinglbase /trademark /fi /fl /Lslash /OE /Scaron /Ydieresis /Zcaron >> /Length 36 /Parent 70 0 R /F 4 /P 131 0 R /StructParents 678 << >> /TrimBox [0.0 0.0 612.0 792.0] /Subtype /Widget /0 221 /Type /Annot /N 537 0 R /AP << /StructParent 463 /0 612.0 /F 4 /Type /Annot /FormType 1 endobj /F 4 /ordmasculine 188 /onequarter /onehalf /threequarters 192 /Agrave /Aacute /Acircumflex /Atilde /Resources << 231 0 obj /DR << /StructParent 726 << /PDFDocEncoding 162 0 R /StructParent 423 /ProcSet [/PDF] /DA (/Helv 10 Tf 0 g) /P 134 0 R >> /Ff 29360128 /FormType 1 /Subtype /Widget << /Length 116 /Ff 8388608 >> With respect to each trust created under this trust instrument, the Settlors selection of the Trustee was made with full knowledge that the selection may create a conflict of interest between a Trustees fiduciary duties to a beneficiary and the Trustees individual account with respect to the sale, encumbrance or other transactions involving the investment or management of trust property. /S /JavaScript /Length 12 /P 137 0 R >> /JS (SyncCheckboxes\(event.target\);) /F 4 /Rect [135.96 367.32 560.04 381.96] /Parent 7 0 R << endobj California Notaries are to use the attached acknowledgement or the Notarial Acknowledgement available on the California Secretary of State website: State of \(Enter State\)) /F 4 >> /Type /Annot >> /TU (Enter type of identification) /TU (Signature of Trustee #3) /P 137 0 R /brokenbar 168 /dieresis /copyright /ordfeminine 172 /logicalnot /.notdef /registered /macron /acircumflex /atilde /adieresis /aring /ae /ccedilla /egrave /eacute /ecircumflex /edieresis << /FT /Tx /P 129 0 R Its the Trustees Burden: Can It Be Delegated? - Lexology /BBox [0.0 0.0 12.48 12.72] /MK << /P 129 0 R >> >> endobj W /StructParent 714 2.9 Legal Action. endobj 1 1 10.48 10.72 re stream /Font << /ParentTreeNextKey 742 /Subtype /Widget /Resources << /Names 4 0 R BT BT endobj >> << /Font << /TU (Notary Page for California Acknowledgement: A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document: State of California, County of \(Enter County\)) /DA (/Helv 10 Tf 0 g) >> /Ff 29360128 /Resources << /P 137 0 R << (4) Tj /MaxLen 2 /P 135 0 R /AS /Off /F 4 << /Type /Annot /Parent 71 0 R >> << /LastModified /MediaBox [0.0 0.0 612.0 792.0] >> /Ff 8388608 << /Length 112 /Parent 71 0 R /F 4 >> /StructParent 485 /P 129 0 R << /Type /Annot /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /Rotate 0 >> endobj q . Trustee Certifcation Form - Merrill /T1_0 382 0 R << /N << /Subtype /Widget /JS (SyncCheckboxes\(event.target\);) endstream /FT /Btn Margin transactions 3 including short sales: All current trustees must initial those that apply in spaces provided:) >> /Bl 335 0 R /Resources << /BBox [0.0 0.0 9.36 9.48] 222 0 obj /P 131 0 R /CM35 << /Resources << 369 0 obj << /P 137 0 R Drafting Florida trusts now that the new Florida Trust Code is in effect. /Subtype /Type1 >> /T (MLPFS Account_3) /F 4 /AP << /Type /Annot /Type /XObject /D << >> stream /BBox [0.0 0.0 12.48 12.72] 94 0 obj << >> (b) The delegable investment functions under this subsection include: 1. 30 0 obj 1.0 4.21616 370.08] /Rect [83.76 591.48 291.72 604.68] /CM15 << /CA (4) /T ( personally appeared) /F 4 >> endobj /Type /Annot /BBox [0.0 0.0 12.48 12.72] /Direction /L2R /Subtype /Widget >> /T (MLPFS Account03_4) endobj /F 4 >> /T (MLPFS Account_2_5) endobj Q /P 136 0 R << /Helv 167 0 R /MK << /FormType 1 >> /BBox [0.0 0.0 9.36 9.48001] << endobj /F 4 /MK << << /T ( year of_4) /F 4 /P 135 0 R /TU (day of: \(Enter 2-Digit Day\)) endstream >> /BBox [0.0 0.0 12.48 12.72] /Rect [387.96 285.6 400.44 298.32] >> /T ( by_1) /Rect [64.92 678.72 388.32 694.2] /Ff 29360128 /FT /Tx << BT /On 322 0 R /JS (SyncCheckboxes\(event.target\);) /ProcSet [/PDF] << /TU (20: Enter the last 2-Digits of Year) /MaxLen 5 /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /F 4 endobj /StructParent 600 /Tabs /S /SpaceAfter 55.625 /BBox [0 0 424.08 13.32] Notarization is required for trusts governed by certain US States\) Use this page when the Notary is in ANY Jurisdiction EXCEPT: \(If Notary is in Colorado, Idaho, Iowa, Michigan, Minnesota, Mississippi, Nebraska, Nevada, South Dakota, Tennessee or Vermont, use page 6\) \(If the Notary is in California, use page 7\) \(If the Notary is in Florida, use page 8\): B\) Agreed and Certified to this: Enter Month) /Type /Annot /Ff 29360128 endobj /CM6 << >> It will also mention where further details of the delegations are found. /FT /Sig /1 [5966.0 1.0 3.0 -15.9438 362.88 15.9438 368.88 1.0 0.0 0.0 /Type /Annot /brokenbar 168 /dieresis /copyright /ordfeminine 172 /logicalnot /.notdef /registered /macron The authority granted to the Trustee by this Section may be exercised without notice to the qualified beneficiaries of the trust., Merger of Trusts. /Rect [47.64 598.32 100.8 613.68] 2.9 Legal Action. /Subtype /Form /PDFDocEncoding 162 0 R EMC /MK << /F 4