What is a trust protector?

A trust protector is someone who is legally responsible for supervising the trust and protecting the interests of the beneficiaries of the trust. They have the power to change trustees, modify the provisions of the trust, and make other decisions regarding the trust in order to protect the beneficiaries’ best interests. A trust protector is usually a close family member or trusted advisor who is knowledgeable about trust and estate law and the family’s financial situation. It is important to select a trust protector who is familiar with the trust and who can be trusted to make the right decisions. In the state of Washington, a trust protector can be appointed as part of creating a trust. When appointing a trust protector, it is important to create an agreement that outlines the trust protector’s duties and responsibilities. This agreement should also provide clear guidance on how the trust protector is to make decisions, how long they will serve, and how they can be removed if necessary. Ultimately, a trust protector is responsible for ensuring that the trust is managed properly and that the beneficiaries’ best interests are protected. The trust protector should be someone who is familiar with trust and estate law and who is trustworthy and experienced. It is important to select a trust protector who is knowledgeable, reliable, and qualified to serve.

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