Categories: General Tax Terms
Trust Protector
A Trust Protector is an individual or entity appointed to oversee and manage certain aspects of a trust, ensuring that the trust operates in accordance with the grantor’s intentions and protects the interests of the beneficiaries.
The role of a Trust Protector can include modifying the trust terms, removing or appointing trustees, and resolving disputes among beneficiaries. This position serves as a safeguard against potential mismanagement or changes in circumstances that may affect the trust’s efficacy. For example, if a trustee is not fulfilling their duties, the Trust Protector has the authority to replace them to maintain the trust’s integrity.
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