Special Needs Trust & ABLE Accounts
The Trust Protector has the power to clarify the language of a Trust. Meeting with your Trust Protector annually is recommended this way you can update your Trust Protector with any changes and a mutual understanding of your wishes can be documented for future purposes.
A Trust Protector has extensive knowledge regarding how a Trust should be administered and can advise your Trustee when necessary
A Trust Protector oversees the administration of your trust to make sure both the trustee and the beneficiaries understand their roles and the tasks that need to be completed for proper administration.
The Trust Protector has the ability to remove or replace a trustee if the trustee is not doing their job or if they are mishandling assets.
The Trust Protector has the power to modify the powers of the trustee. This holds the Trustee to a higher standard and creates a safeguard that allows the trust to adapt to unexpected events or the changing needs of your beneficiaries.
The Trust Protector assists with conflict resolution and can help when beneficiaries that do not agree or if the beneficiaries do not get along with the trustee.
The Trust Protector has the power to clarify the language of a Trust. Meeting with your Trust Protector annually is recommended. This way you can update the Trust Protector with changes and a mutual understanding of your wishes are documented for future purposes.
The Trust protector can Decant a Trust or make changes to the Trust document for that benefit of Tax advantages, Changes in Law, Changes in Beneficiaries such as SNT or Drafting errors.
Expert Estate Consultants, is experienced with conflict resolution and understands the importance of having a neutral third party that can assist with management when a dispute arises. This often helps with disagreements between beneficiaries and can keep issues from escalating to the point of needing court involvement. Don’t let your feuding family waste your Trust assets!