Page 69 - Ultimate Guide to Estate Planning

investments. Rather,’ a trust protector is
almost like a referee making sure that the
persons handling the investments and the

distributions are doing it in the way that the
client originally wanted. Then, if an heir feels
aggrieved, they can go to that trust protector
for recourse. If the trust protector agrees, they
can remove that investment trustee and
replace them with somebody else. The trust

protector is not able to enhance their position
nor the potential of a conflict of interest. I
haven’t seen other lawyers structure estate
plans with this type of protection in Minnesota,

although my advanced estate planning
colleagues from around the nation regularly
use this technique to protect heirs. Cheap
online forms do not do anything remotely close
to what our firm does for the client.

We can create a method for your children to
have recourse in the event that they disagree
with the decisions or charges of the investment
advisor or decisions made by the distribution

trustee. A trust protector's role is simply to
protect the integrity of the trust and the
guidelines that you've created. They have the
power to remove the investment trustee but not
to take the role of the trustee, just to appoint

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