What is a trust protector?

A trust protector is a person or entity appointed to oversee a trust on behalf of the beneficiary. In South Carolina, a trust protector is an individual or corporate fiduciary who serves as a watchdog to ensure that the trust is properly administered by the trustee according to the terms of the trust, and is empowered to take action to protect the trust. Trust protectors are responsible for monitoring the trustee’s management and fidelity to the trust’s terms, exercising any powers granted to them by the trust, and overseeing the trustee’s actions. The trust protector also has the power to remove a trustee or change the terms of the trust if necessary. As a result, the trust protector helps ensure that the trust is managed according to the wishes of the grantor without the influence of the trustee.

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What is a trust protector?

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