What is the role of the Protector, and who would make a good Protector?
The Protectors role, in our planning, is to appoint and/or terminate Trustees. No one else has that power under the Trust. In many cases, the client acts as their own Protector, or you might choose a trusted relative. Sometimes our law firm will act as a Protector. The majority of the time, clients will have us hire a foreign Protector, usually a Trustee in a jurisdiction other than the one they are using for the Trust itself. In this way, the Protector is under the influence of the United States, not the Jurisdiction of the Trust and will be in the best position to implement the full fiduciary effort that is in your best interest. It should noted that our law firm has greatly proscribed or limited the traditional powers of the Protector in a way our clients feel strengthens the checks and balances they have over the Trustee and the Protector.
