What is the role of a Trust Protector, and does a NOST require one?
A Trust Protector is an individual or entity that serves to protect the settlor’s interest in a trust like a NOST. Offshore trusts commonly employ the use of a Trust Protector in case the trust needs to move from one foreign jurisdiction to another or where a new Trustee needs to be appointed because the current Trustee is abusing his or her duties as Trustee. Although a NOST does not require that a Trust Protector be appointed, we recommend that you appoint one in your NOST. This way, you have the power to have your Distribution Trustee removed if he or she abuses his or her duties as Trustee.
