What is a trust protector and what does it do?

A trust protector is someone who has the authority to oversee and protect the trust. This individual, also known as a trustee, does not necessarily control the trust assets, but he/she does have the authority to monitor the trust management and to take action when needed. In Florida, a trust protector can be appointed to ensure that the trust will achieve its goals and adhere to the wishes of the creator of the trust. The trust protector can also provide additional oversight when needed, such as if there is a dispute or if the trust needs to be amended. In addition to monitoring the trust, the trust protector also has the power to remove and replace trustees if necessary. This protects the interests of the beneficiaries and makes sure that the trust is managed properly. Trust protectors also have the power to manage the trust assets. This includes the ability to make investments, purchase property, and distribute assets as outlined in the trust. They also have the authority to make decisions that are in the best interest of the beneficiaries and to hold trustees accountable for their actions. The trust protector serves an important role in making sure that an estate plan is carried out as intended. He/she helps protect the interests of the beneficiaries and ensures that the trust is managed properly.

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What is a trust protector and what does it do?

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