What is a Trust Protector and Why You Need One

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When it comes to trusts, there are three roles that must be filled in order for a trust to be created. There must be a grantor, a trustee, and a beneficiary. • These are long-term roles. Sometimes in the administration of a trust, we need someone to step in to carry out certain enumerated administrative or strategic purposes of the trust that are not reserved to the trustee, grantor, or beneficiary. • • If a person isn’t 100% comfortable that their chosen trustee could effectively handle the associated responsibilities, appointing a trust protector might provide a solution. • • A trust protector oversees the trustee and weighs in on critical decisions. • • Hi, I’m Antoinette Bone, estate planning, probate, elder law, and guardianship attorney in the Dallas-Fort Worth metroplex and today I am going to discuss what is a trust protector, the advantages of appointing a trust protector, and the importance of picking the right person. • ---- • We would like to thank our viewers for watching this video and how you found the content useful to some degree. If you enjoyed this video, then support the channel by liking it. Furthermore, we love to see your questions and opinions in the comments section, so please do not hesitate to reach out to the community. Lastly, subscribe to the channel and share it with those whom you believe can gain something from watching our channel. As we upload regularly, we hope you join us again soon for more content. • If you would like to learn more about Antoinette Bone then please visit • abonelaw.com • ---- • FOLLOW US • Facebook: / abonelaw • LinkedIn: / antoinettebone • Twitter: / abonelaw • ---- • CONTACT US • Phone: (817) 462-5454 • Fax: (817) 462-5454 • Email: [email protected] • ---- • ABOUT ANTOINETTE BONE • With over 25 years of legal experience and a focus on estate planning and probate for the past 12 years, Antoinette Bone is a recognized for helping individuals protect their assets and leave a lasting legacy. • As the founder of The Law Office of Antoinette Bone, she empowers her clients to navigate the complexities of estate planning, debunking misconceptions and providing personalized strategies. Antoinette’s mission is to give clients control and peace of mind by crafting comprehensive plans that safeguard their assets and ensure the smooth transfer of wealth for generations to come. By taking a collaborative approach and partnering with professionals, retirees, and veterans, she creates tailored solutions to protect clients’ assets from potential financial drains and legal challenges. • ----- • Disclaimers: • To comply with the U.S. Treasury regulations, we must inform you that: • (i) Any U.S. federal tax advice contained in this video was not intended or written to be used, and cannot be used, by any person for the purpose of avoiding U.S. federal tax penalties that may be imposed on such person. • (ii) Each taxpayer should seek advice from their tax advisor based on the taxpayer’s particular circumstances. • Nothing in this message is intended to provide legal advice. This message is for educational purposes only. • ---- • 00:00 Introduction • 00:42 What is a Trust Protector? • 01:27 Why designate a Trust Protector? • 02:07 What are the powers of a Trust Protector? • 03:56 What are the benefits of using a Trust Protector? • 05:37 Who should be named as Trust Protector? • 06:22 Importance of naming a Trust Protector • ~-~~-~~~-~~-~ • Please watch: 3 Crucial Tips for Supporting Your Adult Sibling with Special Needs • • 3 Crucial Tips for Supporting Your Ad... • ~-~~-~~~-~~-~

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