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Difficulty In Choosinga Suitable Trust Protector - Breaking News
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What Is a Trust Protector?
A recent CCM from the IRS raises questions about modification of irrevocable trust, which is often the role of a Trust Protector. Here is a summary of what a Trust Protector is and how it is used in irrevocable Trusts.
A trust protector
Termination of the
Appointment of trustees
Modification of trust terms
Difficulty in choosinga suitable trust protector
Chief counsel
Trust protector
Trust terms
Trust protectors
Rule against perpetuities
Beneficiary actions
Agency costs
Incorporating trust protectors
Reduced diligence
Suitable trust protector
Legal clarity
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