Who Should Serve as a Trust Protector?
I've been blogging lately on Trust Protectors, what they are and what they can do. However, once you choose to use one, who should you choose?
Legally, you may choose anyone to serve as the Trust Protector. However, due to the powers given to the Trust Protector, you will most likely want to name someone who has expertise in the areas needed. For instance, if you wanted to modify the trust due to a change in the tax laws, you will most likely want to name a CPA or tax/estate planning attorney. For the Trust Protector to look completely unbiased in the decisions they make, you should probably pick a Trust Protector who is unrelated to you or any of the beneficiaries.
To learn more on trust protectors, please consult our estate planning attorney at Wood, Atter & Wolf, P.A. in Jacksonville and Ponte Vedra Beach, Florida.
