What is a trust protector?

A trust protector is someone who is appointed to look after a trust and ensure that it is being managed correctly. In the state of Florida, a trust protector is someone who is designated in writing by the trust’s settlor, also known as the person who creates the trust, to watch over the trust and help manage it appropriately. The trust protector is responsible for monitoring the trust and making decisions on the trustmaker’s behalf in certain circumstances. The protector typically has the power to remove or replace a trustee, modify the trust’s management or investment provisions, and approve or reject distributions from the trust. Often, a trust protector is chosen as an independent third party who does not have a personal interest in the trust. When choosing a trust protector, it is important to ensure he or she is qualified to fulfil the role and has the time and resources to devote to the task. Elder law in Florida requires specific legal documentation that must be managed according to set guidelines. A trust protector can help make sure that the trust is handled correctly and that the wishes of the trustmaker are respected. As such, the trust protector plays an important role in preserving the trust and protecting its assets.

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What is a trust protector?

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