by Kevin M. Buttery, Esquire<\/p>\n
When planning your estate, it is often advisable to utilize a trust to effect one or more of your goals. The trustee of such a trust can, and in certain circumstances should, be a corporate entity, also known as a corporate fiduciary. However, you may not want to relinquish control of your assets to somebody outside of the family. To overcome this uncomfortable proposition, your attorney may suggest that you appoint a \u201cTrust Protector\u201d for your trust. While a Trust Protector may sound like a super hero wielding unending power, the role is really meant to be filled by somebody with very limited powers as to the actual administration of the trust who will oversee the corporate fiduciary. Typically, the trust protector is empowered with the ability to remove and replace a corporate trustee with another corporate trustee. Trust protectors can also be given the power to (more…)<\/span><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" by Kevin M. Buttery, Esquire When planning your estate, it is often advisable to utilize a trust to effect one or more of your goals. The trustee of such a trust can, and in certain circumstances should, be a corporate…<\/span><\/p>\n