What is a trust protector?

Trust Protectors are an increasingly common feature of trusts, especially in Kansas. They are people or entities appointed by the settlor (or creator) of the trust to oversee and protect the trust’s assets. Trust protectors often have many duties and responsibilities with respect to the trust. These duties and responsibilities will vary depending on the settlor’s intent, as reflected in the trust document. Generally, the trust protector’s role is to make sure that the trust is being managed according to the settlor’s wishes. That means the trust protector will need to review the trust’s investments and other activities to ensure that they are in line with the settlor’s goals. The trust protector is also responsible for making sure that the trust’s beneficiaries receive the benefits and assets that they are entitled to. The trust protector can modify the terms of the trust, if necessary, to ensure that the trust’s assets are distributed according to the settlor’s wishes. The trust protector can also remove and replace trustees, if needed. In addition to their duties with respect to the trust’s assets, the trust protector also has a responsibility to act in the best interests of the trust’s beneficiaries. The trust protector has a fiduciary duty to the beneficiaries and must act with the utmost care and diligence in protecting the trust’s assets. All in all, the trust protector is an important role in Kansas trusts and estates law. They are responsible for overseeing the trust’s assets, making sure that the trust’s beneficiaries receive the assets that they are entitled to, and acting in the best interests of the beneficiaries.

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What is a trust protector?

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