A Trust Protector, recognized under common law and informed by principles in the Restatement (Third) of Trusts, is an individual appointed to exercise limited oversight and correctional powers within a trust. While not a trustee and not responsible for day-to-day administration, a trust protector may be granted specific authorities—such as removing or replacing trustees, resolving ambiguities, approving certain distributions, or modifying the trust to address tax law changes or unanticipated circumstances. The role provides an added layer of flexibility and long-term stability, ensuring the trust can adapt to future developments while preserving the grantor’s overall intent.
