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Are Trust Protectors Good or Bad?

A trust protector is a person or group of people (not the settlor, beneficiary, or trustee) who are appointed to exercise one or more powers affecting a trust and the interest of the beneficiaries. The concept of a trust protector is to protect beneficiaries from a rogue trustee. They can often make...

Trust Protectors in North Carolina Trusts

North Carolina recently expanded its law regarding trust "power holders," persons named in a trust, other than trustee, who are given certain powers over the trust and/or trustee. Traditionally, such power holders have been called "trust protectors." What follows is a brief discussion...