Understanding The Role Of The Trust Protector

Webinar: ID# 1036927
Recorded On-Demand
About This Course:
Practitioners are increasingly encountering trust protector provisions in documents and cutting-edge practitioners are using trust protectors to add value and flexibility to the services they provide clients and customers. Unfortunately, there is a dearth of domestic (U.S.) case law interpreting state statutes. The various state laws differ and often laws between states conflict with one another.

Understanding the role of the trust protector helps practitioners and related professionals responsible for client and customer matters understand what a trust protector is, what duties a trust protector has and does not have, and how a trust protector acts when needed. This information is critical to advise clients and customers now and in the future.

Soon, use of trust protectors will become so ubiquitous that knowledge of these materials will likely constitute basic knowledge for many practitioners and related professionals.What You'll Learn:Definition of Trust Protector
  • Origin
  • Fiduciary vs. Non-Fiduciary
  • Distinguished From Trust Advisor
  • Use in Practice
Trust Protector Duties, Powers and Liabilities
  • Duty to Protect and Monitor
  • Scope of Powers
  • Extent and Limitation of Liability
Trust Protector Rights
  • Right to Information
  • Source of Power: Personal vs. Fiduciary
  • Compensation
Trust Protector Vis-a-Vis Trustee and Courts
  • Who Has Ultimate Power
  • Overlapping Powers
  • Directed Trusts
  • Uniform Trust Code
  • Court's Jurisdiction and Powers
Trust Protector Role in Practice
  • Example: Private Retirement Trust
  • Reasons to Include a Trust Protector
  • Selection of Trust Protector
  • Powers
  • Tax Considerations
Understanding The Role Of The Trust Protector
or via On-Demand
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