What is a trust protector?

A trust protector is a person who is appointed to oversee a trust established in Pennsylvania. The role of a trust protector is to help ensure that the wishes of the trust creator – also known as the grantor – are carried out, and to protect the interests of the trust beneficiaries. The trust protector is an independent third party and usually does not have a direct interest in the trust. This helps to ensure that the trust assets are managed properly and that the wishes of the grantor are followed. A trust protector can also be appointed if the grantor is not able to take on the responsibility of making decisions regarding the trust. The primary responsibility of the trust protector is to make sure that the trust terms are followed and that the wishes of the grantor are carried out. The trust protector ensures that the trust’s assets are invested in accordance with the grantor’s wishes and that the trust beneficiaries receive their legally-entitled funds. The trust protector can also remove and appoint trustees, make decisions regarding investments, and take other actions that the grantor may have specified in the trust. The trust protector can also make decisions that are in the best interest of the trust beneficiaries, such as changes to the terms that may be required to better serve the interests of beneficiaries. Trust protectors are an important part of trusts in Pennsylvania, helping to ensure that the wishes of the grantor are met and that the trust assets are managed correctly.

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What is a trust protector?

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