What is a trust protector and how does it work?

A trust protector is an important part of estate planning law in California. It is an individual, or sometimes a trust company, that is designated by the trustor to oversee the trust and make sure it is carried out according to the trustor’s wishes. The trust protector has the authority to make decisions on the trustor’s behalf, such as deciding when and how trust funds should be distributed. The trust protector is usually chosen by the trustor and appointed in the trust document. The trust protector’s duties depend on how the trust document is written, and can include overseeing investments, making sure taxes are filed, and ensuring that trust beneficiaries are kept informed. The trust protector can also modify the trust if necessary and make sure the trustor’s wishes are fulfilled. The trust protector is typically someone the trustor trusts, such as a family member or close friend. It is important to choose someone who is knowledgeable about the trust document and laws related to estate planning. The trust protector should also have the ability to make decisions objectively, in accordance with the trustor’s wishes. The trust protector plays an important role in estate planning law in California. It is a responsible task and should be taken seriously. Choosing the right trust protector is essential to ensuring that the trust is carried out according to the trustor’s wishes and that the beneficiaries receive their inheritance and other assets as intended.

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What is a trust protector and how does it work?

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