When one trustee isn’t enough, consider appointing a trust protector
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Description
Abstract: When the creator of an irrevocable trust isn’t completely confident that the trustee will carry out his or her wishes, a trust protector may be the solution. This article explains that trust protectors oversee the primary trustee and weigh in on critical decisions, such as the sale of closely held business interests. It also discusses the benefits of appointing a trust protector.
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