What is a trust protector and what does it do?

A trust protector is an individual or entity assigned to oversee the management of a trust. In Arizona, a trust protector can be appointed by the grantor, or the creator of the trust, to protect the trust assets from being distributed too early or improperly. The trust protector typically has the ability to veto decisions made by the trustee and verify that those decisions remain in line with the objectives of the trust. The trust protector can also appoint new trustees, change trustee powers and make sure the trust is being administered according to its terms. In addition, the trust protector can grant special powers to remove, replace or modify terms of the trust. The role of the trust protector is important in ensuring that the trust is managed effectively and the trust assets are protected. Trust protectors can help to hold trustees accountable and ensure that trust assets are not used for any purpose other than what the trust was created for. Moreover, the trust protector can act as a safety net to prevent a trustee from making decisions that are not in the best interest of the trust beneficiaries. Ultimately, the trust protector serves as a watchguard to ensure that the trust is responsibly managed.

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What is a trust protector and what does it do?

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