What is the role of a trust protector?

A trust protector is a person or organization designated to ensure the interests of a beneficiary of a trust are protected. In Ohio, a trust protector may be appointed by the trustee, and may have a wide array of powers, including the power to alter, modify, or terminate the trust. The trust protector’s legal role includes monitoring the trust’s investments, reviewing income documents, making sure expenses are paid, and ensuring the trust’s assets remain safe from creditors. The trust protector is also empowered to request changes to the trust, if necessary, such as amending or terminating the trust, selecting new trustees, or making changes to the trust’s distributions. The trust protector must act objectively and in the best interests of the beneficiary. They must not be swayed by personal gain or motives, and must ensure the beneficiary’s assets are properly managed and protected. The trust protector may also be responsible for resolving disputes between trustees and beneficiaries. The trust protector can help ensure the trust remains viable and its assets are protected for generations. By appointing a trust protector, trustees can feel confident their decisions are being watched and beneficiaries are well taken care of.

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What is the role of a trust protector?

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