How do I choose a trust protector?

Choosing a trust protector is an important step in the asset protection process. Trust protectors are responsible for overseeing the trust’s funds and making sure they are used for the grantor’s intended purpose. In Georgia, trust protectors can be chosen in a few different ways, depending on the type of trust you have. If you have an irrevocable trust, your trust agreement should name an individual or organization to serve as your trust protector. If you don’t name a trust protector in your trust agreement, you can name one in your will. Regardless of how you name a trust protector, they must be someone you trust and who has the skill to understand and execute the required duties. When choosing a trust protector, you should think about who has the legal expertise to manage the trust’s finances. You also need to find someone who is unbiased and will make decisions in the best interest of the trust and its beneficiaries. Consider asking your attorney or accountant for a recommendation, or you can use a professional trust protector service. In Georgia, you will have to file a Notice of Trust Protector with the county probate court, in order for the trust protector to be able to exercise their authority. Your trustee can assist with this process. When you select a trust protector, make sure they have the skill and commitment to be able to carry out their duties properly.

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How do I choose a trust protector?

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