Trust Protector Resources
Looking for more information about trust protectors? We have provided a few articles and links below for your review.
Why You May Need A "Trust Protector"
Traditionally, a trust was overseen by one or more trustee, based on the hope that all would go well forever. But increasingly, grantors are naming "protectors," who have wide power to reshape the trust down the road.
Read "Why You May Need A "Trust Protector."
CPAs as Trust Protectors
A trust protector can assist in guiding both corporate trustees and trust beneficiaries through legal and tax complexities to carry out the client’s original intent. The idea has grown in popularity in reaction to the increasingly unpredictable nature of changing law and tax policy.
Read more "CPAs as Trust Protectors."
Family Members Should Consider Trust Protector Role
The authority wielded by trust protectors can vary significantly, depending on terms of the SNT and state law. They’re often empowered to replace trustees whose performance (financial or personal) is unsatisfactory. They may also have the right to approve, or even to compel, financial distributions, which can be especially helpful in cases involving large purchases (like a vehicle or a home).
Read more "Family Members Should Consider Trust Protector Role."
Guardians of Trusts
Say you have appointed a trustee you think you can confide in and who understands your intentions. What happens if that trustee turns out to be less trustworthy or dies, or if estate laws change? Then you might need a third party called a “trust protector.”
Read "Guardians of Trusts."
Trust Protectors in North Carolina Trusts
North Carolina expanded its law regarding trust "power holders," persons named in a trust, other than trustee, who are given certain powers over the trust and/or trustee. Traditionally, such power holders have been called "trust protectors."
Read more "Trust Protectors in North Carolina Trusts."
Trust Protectors: What They Are And Why Probably Every Trust Should Have One
Enter the concept of the “Trust Protector” or often just “Protector”. The idea behind the Protector is to have somebody who can watch over the Trustee, and terminate the Trustee for any misconduct.
Read more "Trust Protector."