What is a trust protector?

A trust protector is an individual, company, or organization that is appointed to oversee the trust that is created for a beneficiary. The trust protector has the authority to ensure that the wishes of the grantor are upheld and that the trustee is managing the trust properly. In Delaware, trust protectors are typically appointed when the grantor wants to have control over the trust after they have passed away, or if they are concerned about the trustee’s ability to manage the trust. Trust protectors can have the authority to change the trustee, amend the trust’s terms, or make other decisions that will best serve the beneficiary. In Delaware, trust protectors must have specific qualifications. They must be adult citizens or legal residents of the United States, and must also be of sound mind. Trust protectors typically cannot be the grantor, the trustee, or a beneficiary of the trust. Overall, trust protectors play an important role in Elder Law in Delaware. Trust protectors help to ensure that the best interest of the beneficiary is considered when managing the trust, and that the grantor’s wishes are being followed.

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What is a trust protector?

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