What is a trust protector and what does it do?

A trust protector is an individual or institution designated to oversee a trust on behalf of the beneficiaries and the trustor. In Massachusetts, the state’s estate planning law recognizes the role of a trust protector as part of a trust. A trust protector is appointed by the trustor, and their role is to handle certain administrative and technical tasks related to the trust. The primary responsibilities of a trust protector are to monitor and approve actions taken by a trustee with regards to the trust. In some cases, the trust protector may also have the authority to make changes to the trust itself, such as adding or removing assets, appointing a new trustee, or changing the venue of the trust. A trust protector also has the power to terminate the trust if it is not being managed correctly. Trust protectors also serve as a check and balance for trustees who are acting in the best interests of themselves or the beneficiaries. The trust protector can review the actions of the trustee and make sure that the trustee is acting responsibly and in accordance with the trustor’s wishes. The trust protector will also ensure that the trust is being managed according to Massachusetts estate planning law. In summary, a trust protector plays an important role in estate planning law in Massachusetts. They are an important part of trusts and are responsible for monitoring and approving trustee actions, making changes to the trust, ensuring the trust is managed according to the trustor’s wishes, and making sure that the trust is being managed in accordance with Massachusetts estate planning law.

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What is a trust protector and what does it do?

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