Trust Protector

By: Martin M. Shenkman, CPA, MBA, JD

A trust protector is a person named in a complex trust arrangement who is given specified and limited, but often important powers. These might include the right to change the governing law and situs (see separate definition) of the trust. The trust protector is in some cases an overseer of the trustees who otherwise manage the trust. A trust protector is a fiduciary (or in some situations, or according to some a quasi-fiduciary or not a fiduciary).

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