Q: Do Trust Protectors monitor trusts when the "creator" dies or do they have to be asked/invited to get involved?
It's just a general question. My children are beneficiaries of their father's trust. His girlfriend is the trustee. She is not moving forward with anything. Just want to understand if the trust protector should be aware or if they have to MAKE him aware.
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A: As a general rule, Trust Protectors do NOT "monitor" trusts. If there is an issue, someone needs to alert the Trust Protector, at which time the Trust Protector can get involved.
A:
Trusts can vary quite a bit in their terms. I would recommend you sit down with an attorney who practices in this area of law to review the exact language of the Trust to answer your questions.
Best of luck to you.
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