Protector & Asset Protection Trusts

  • The Trust Act permits the appointment of a Protector, who owes fiduciary duty to the beneficial owners.
  • Unless otherwise provided in the Trust Deed, the Protector can
    • remove the Trustee and
    • Appoint new or additional Trustees.
    • The Protector may also be the Settlor, the Trustee or the Beneficiary of the Trust but in his capacity as Protector he is not accounted or regarded as a Trustee.
Protector & Asset Protection Trusts was last modified: May 17th, 2021 by Manu Raj

Manu Raj

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