What is a Trust Protector and Do I NEED One? Estate Planning Tips

Estate Planning Attorney explains Trust Protectors vs trust advisor, the trust protector functions, monitor trustees, grantor 👉 Book a Call at cunninghamlegal.com/book-your... to get estate planning lawyer's help setting up trust protector.
Trust Protectors can play a vital but often misunderstood role in estate planning. Our attorneys often build Trust Protectors into cutting-edge trusts to provide much-needed flexibility following the death of a loved one. Unfortunately, clients are often unaware of the benefits, and may even be fearful of including a Protector in a Trust.
In this legal webinar, we closely examine the role of the Trust Protector, their duties and powers, and how they can take action when needed-critical information for all Trust Grantors and their advisors.
In this legal webinar we talk about the top five reasons to consider a Trust Protector including:
1. Tax Reasons
2. Long-Term Trusts
3. Special assets in a Trust
4. Privacy
5. Limited authority of Trustee
Find out if a Trust Protector is right for you!
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For more information about Trust Protectors, click here:
www.cunninghamlegal.com/what-...
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[@gilbrook]

Outstanding estate education videos!

[@CunninghamLegal]

Thank you so much! We appreciate the feedback! Please subscribe and continue to watch our weekly financial updates! Have a great day!

[@cefcat5733]

If nobody is dead, is the Trustee one of the parties, or are the Grantor and Beneficiaries the only parties concerned, in modifying a Trust?❤ Thank you for this video. It's my intro, to Trusts.

[@CunninghamLegal]

Here's a 30-minute video on the Roles of People named in a Trust: th-cam.com/video/Y3Lv3mRRhaQ/w-d-xo.html. Typically, if everyone named in a Revocable Living Trust is still alive and have capacity, the Grantors (Trust creators) can modify the Trust.

[@CunninghamLegal]

Typically, the Trust Protector is only needed when the trust become irrevocable. A living trust usually becomes irrevocable at death.

[@cefcat5733]

@@CunninghamLegal Thank you so much.

[@stevenmeek9756]

Great information on TRUSTS. What's be irrevocable or revocable, thank you.

[@CunninghamLegal]

Thank you! To explain a little further, please watch the beginning of this video on How a Trust Works: th-cam.com/video/FNX5eLfLtSc/w-d-xo.html. It covers the difference between irrevocable and revocable trusts in the first 5 minutes.

[@stevenmeek9756]

Thank you for replying.

[@nightgalaxy-pz2bc]

Can you indicate in the trust that the trust protector has the duty to monitor the trustee?

[@CunninghamLegal]

Perhaps. If the Trust Protector is required to actively monitor the trustee, expect such a person to be appropriately compensated for the time involved and/or weight of responsibility.

[@dianabenson6232]

Jim-can you send me the slides to your Trust Protector video please. Thank you.

[@KTannen]

I’m late watching this, who is the best person to be the pruster

[@CunninghamLegal]

Do you mean Trustee? If so, it should be an honest person, smart person, over the age of 18 and who is a resident of the United States.

[@shaungorham7959]

Afghanistan, Great.