A trust protector is an individual who’s appointed to make certain changes to a revocable trust in the event you cannot make those changes yourself (i.e., you’re deceased or incapacitated). A trust protector is a valuable safety net, an impartial third party that comes into play only when necessary and only when the trustee chooses to utilize one. If there are changes in the law, if there’s a conflict between trustee and beneficiary or between beneficiaries, if all potential trustees are deceased, or if there’s confusion regarding the trust itself, the trust protector can be an invaluable resource and help a trustee avoid having to go to court and ask a judge for guidance. A trust protector allows flexibility within a trust, so it can adapt to any legal changes. You don’t need to appoint a trust protector at this time; instead, our documents generally provide that a CPA or law firm chosen by the trustee may appoint a trust protector if needed.
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