Exposing the Trust Protector

Exposing the Trust Protector

Why she shouldn’t be totally exculpated from liability

 

There’s little question about the newfound popularity of trust protectors, which they’re undoubtedly enjoying. And why not? They’re entitled to a fee for “services,” even when none are required, and it’s common practice to absolve them from any liability for acting or not acting, regardless of the circumstances. At least that’s what many of the relevant statutes and most trust documents say when protectors are named in lawsuits.

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