Will your estate plan benefit from a trust protector?
Abstract: Even though one may appoint a trustee to oversee distribution of a trust’s assets, it’s possible to go a step further by appointing a trust protector. This person will serve as an overseer of the trustee’s actions. Taking this step can also provide peace of mind because the trust protector has the power to alter the trust in light of changing family situations or tax laws. This article discusses the powers that can be assigned to a trust protector and how to choose the best candidate.