Trust Protector

A Trust Protector is generally a neutral third party who is given certain powers concerning a Trust.  Such powers may include the ability to change the Trust to comply with changes in the law, the power to add or remove Trustees, and the power to change the rights of beneficiaries.  These powers are sometimes construed to be a limited or special power of appointment.  Trust Protector’s have long been used with off-shore trusts.  A growing number of states have recognized Trust Protectors by statute.