Posts Tagged ‘Trust Protector’
What is a Dynasty Trust?
A “Dynasty Trust” is a Trust designed to hold and protect property over multiple generations. Such trusts take advantage of jurisdictions that have abolished laws that require termination such as the Rule Against Perpetuities. They also take advantage of tax rules to minimize or eliminate multi-generation estate taxes. Because such Trusts are designed to last…
Read MoreTrust Protector – Defender of Trusts
A Trust Protector is a party other than a Trustee or a Beneficiary who has certain powers regarding the Trust and its administration. These powers may be very broad or narrow as determined by the Trust instrument. They may include the power to remove or replace trustees and beneficiaries, cure ambiguities, and modify terms and…
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