Trust protectors are persons usually named in trust deeds who may have positive or negative dispositive and appointment powers in a trust.

They are not trustees however are appointed to act as a safeguard to regulate trust business and prevent or remedy any unlawful or unintended consequence of actions taken by the trustees.

Given trustees are the legal owners of substantial assets, and because ‘stuff happens’ in life, even with highly qualified professionals, we recommend the use of protectors in trusts.

It is no secret that the highest billing department of major private client firms is the trust ligation department!