What is a trust protector and what does it do?

A trust protector is an important position in an estate plan. They are responsible for overseeing the trust and making sure that it is managed according to the wishes of the trustor. Trust protectors are typically individuals that the trustor trusts and has given the authority to make sure the trust is managed properly. In Indiana, trust protectors have several different duties. They are responsible for making sure the trust is properly managed and that the trustor’s wishes are followed. Trust protectors can also modify the trust if needed, such as when beneficiaries change or if the trust needs to be modified to meet a changing financial situation. They can also approve distributions or investments if necessary. In addition, trust protectors serve as a source of advice to the trustees. They are there to provide guidance and answer questions that the trustees may have. Trust protectors can also have the power to remove and appoint trustees if needed. In short, trust protectors play an important role in Estate Planning Law in Indiana. They are there to oversee the trust and make sure that it is managed properly. They also serve as an advisor to the trustees and can approve certain actions when necessary.

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What is a trust protector and what does it do?

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