A Trust Protector can avoid expensive and time-consuming court proceedings and provide greater flexibility in overseeing the actions of a trustee and accommodating unforeseeable liabilities, changes in law or circumstances of a beneficiary.
A Trust Protector does not typically monitor the activities of the trust or trustee, but is called upon when circumstances warrant to exercise certain powers as needed. Trust Protector powers may include the following as appropriate for the circumstances:
Trust Protectors can be used for existing trusts that include proper provisions for a Trust Protector. Alternatively, it may be possible to reform an existing trust, or decant such a trust into a new trust with suitable provisions for a Trust Protector.
TRUST PROTECTOR SERVICES