trust protector
A person or company with the job of keeping an eye on a trustee and making sure the trusts purposes are fulfilled. The trust protectors powers, which are set out in the document that creates the trust, may include helping the trustee with legal, investment, and tax matters. The trust protector may also have authority to settle disputes among trustees or beneficiaries and may be able to appoint a new trustee if the original one isnt following the terms of the trust.
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

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