What is a trust protector?

A trust protector is a person or entity that is appointed to perform certain duties and responsibilities related to the trusts and estates law in Virginia. The trust protector is responsible for safeguarding the trust assets and making sure the trust is being properly managed and administered. Trust protectors are also responsible for reviewing the trust’s performance and making sure that the interests of the trust beneficiaries are being respected and protected. Trust protectors may also be responsible for reviewing the trust’s investment strategies and making sure that the trust is being managed and invested in such a way that maximizes its performance. Additionally, trust protectors may be responsible for making sure that all legal requirements pertaining to the trust are being followed. Finally, trust protectors may be responsible for making sure that any disputes or disagreements between the trust beneficiaries and the trust administrators are being handled properly and promptly. All in all, trust protectors are critical for the proper functioning of trusts and estates law in Virginia.

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