What is a trust protector?

A trust protector is a person or entity who is appointed to oversee a trust and make sure it is being managed correctly. In Washington, a trust protector is responsible for making sure the trust is being managed according to the wishes of the settlor (the person who set up the trust). They can, for example, make sure that all the assets in the trust are being used properly and that the trust is invested in a way that will help it grow and protect the assets for the beneficiaries. They can also review the trust documents, amend the terms of the trust, or even remove and replace a trustee (the person or entity responsible for managing the trust). In addition, trust protectors can serve as a check and balance to make sure the assets are being managed to benefit the beneficiaries and for the purpose intended by the settlor.

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What is a trust protector?

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