General Trust Administration Services Clause Samples
The General Trust Administration Services clause defines the trustee's responsibilities in managing and administering the trust according to its terms and applicable laws. This typically includes duties such as maintaining accurate records, making distributions to beneficiaries, filing necessary tax documents, and safeguarding trust assets. By outlining these administrative tasks, the clause ensures that the trust is managed efficiently and transparently, providing clarity for both trustees and beneficiaries regarding the scope of the trustee's obligations.
General Trust Administration Services. 1. Assist the Board of Trustees in the evaluation and selection of the Trust’s authorized participants, accounting agent, transfer agent, sub-administrator, distributor, custodian, independent registered public accounting firm, trading desk provider, and other independent contractors or agents (“Service Providers”).
2. Supervise and coordinate the day-to-day administrative operations of the Trust, including the provision of services to each Fund by the Service Providers.
3. Negotiate contracts and fees and monitor and coordinate the performance and ▇▇▇▇▇▇▇▇ of the Service Providers.
4. Coordinate with the Trust’s independent registered public accounting firm and facilitate the audit process.
5. Maintain the Trust’s books and records (as required Relevant Laws, the regulations under and exemptive relief from the SEC applicable to the Trust) that are not otherwise maintained by a Service Provider pursuant to the Service Provider’s contractual obligation to the Trust.