Six Ways a Trust Protector Can Help You
Trust protectors are a novel, yet commonly used protection in the United States. In short, a trust protector serves as an appointed authority over a trust which will be in effect for a long period of time. Trust protectors make sure that trustees:
- Maintain the integrity of the trust.
- Make solid distribution and investment decisions.
- Adapt the trust to changes in law and circumstances.
When changes occur, as often happens in life, the trust protector can modify the trust to carry out the trust maker’s intent. The important thing about this is that the trust protector has the power to act in such a case without having to go to court to seek a ruling. This is a key benefit, which saves time and money and honors family privacy.
6 Ways a Trust Protector Can Help You
- Resolve conflicts between beneficiaries and trustee(s).
- Modify distributions from the trust which resulted from changes in beneficiaries’ lives such as: premature death, divorce, drug addiction, disability, or lawsuit.
- Allow new beneficiaries to be added as descendants are born.
Would You Benefit from a Trust Protector?
Trust protectors provide flexibility and an extra layer of protection for trust maker intent as well as trust assets and beneficiaries. Trust protector provisions are easily added into a new trust and older trusts can be reformed or re-drafted to add a trust protector. If you have trusts you’ve created or are the beneficiary of a trust that feels outdated, contact us via web or email or call Skvarna Law Firm for a consultation (909) 608-7671.
Skvarna Law Offers Trust Protection
We can help assess your long-term plans and documents and make sure you are as secure as possible when faced with new challenges. Keeping your estate planning binder secure and up to date will reduce confusion as well as the likelihood of disputes. Whatever your circumstances, rest assured that the professionals at Skvarna Law can help you to determine the best way to handle your trust. Skvarna Law Firm operates offices in Glendora and Upland, California and provides legal services for individuals living in San Bernardino, Los Angeles, Orange and Riverside Counties. This includes the cities of Upland, Ontario, Rancho Cucamonga, Fontana, Colton, Rialto, Chino, Chino Hills, Glendora, Claremont, Montclair, Pomona, La Verne, San Dimas, Azusa, Covina, West Covina, Diamond Bar, Walnut, La Puente, Corona, Norco & Mira Loma. Visit SkvarnaLaw.com to learn more.