InTrust Advisors can help you and your trustees make sure your wishes are carried out by providing a second set of eyes (or depending on the service) acting independently of the trustee and their actions to make sure it's actions fits your family's original objectives.
Depending on the state and it's trust statutes, we can function in any of the following roles for you in the modern trust directed structure:
Depending on the state and it's trust statutes, we can function in any of the following roles for you in the modern trust directed structure:
Courtesy of Bridgeford Trust Company
Trust Protector
A Trust Protector is someone who is appointed to watch over a trust that will be in effect for a long time and ensure that it is not adversely affected by any changes in the law or circumstances.
Common powers include:
Family Advisor
The Family Advisor role, similar to the Trust Protector but acting as a non-fiduciary , has the power to modify, control, and participate in many important aspects of trust administration. Appropriately referred to as a “Trust Protector Light”, because of its non fiduciary status & limited powers.
Typical Family Advisor powers might include:
Distribution Committee
Assisting you and your family with important decisions regarding distributions from your trusts to both income and principal beneficiaries.
As a member of this committee we help direct the trustee on tax and non tax sensitive distributions and help convey the family wishes inside and outside the written trust document.
Investment Committee
Assisting you and your family with important decisions regarding your trust investments including:
All designed to fit your family’s original intent.
A Trust Protector is someone who is appointed to watch over a trust that will be in effect for a long time and ensure that it is not adversely affected by any changes in the law or circumstances.
Common powers include:
- Terminate the trust
- Modify or reform the trust
- Veto or direct trust distributions
- Add or remove beneficiaries
- Change situs and/or governing law of the trust
- Appoint successor trustees & fiduciaries
- Replace trustees and fiduciaries
- Amend the trust as to the administrative and dispositive provisions
- Approve trustee accounts
Family Advisor
The Family Advisor role, similar to the Trust Protector but acting as a non-fiduciary , has the power to modify, control, and participate in many important aspects of trust administration. Appropriately referred to as a “Trust Protector Light”, because of its non fiduciary status & limited powers.
Typical Family Advisor powers might include:
- Appoint successor trustees & fiduciaries
- Replace trustees and fiduciaries
- Advise the trustee on matters concerning any beneficiary
- Receive trust accountings and investment reports
- Attend meetings with other trust professionals
- And more
Distribution Committee
Assisting you and your family with important decisions regarding distributions from your trusts to both income and principal beneficiaries.
As a member of this committee we help direct the trustee on tax and non tax sensitive distributions and help convey the family wishes inside and outside the written trust document.
Investment Committee
Assisting you and your family with important decisions regarding your trust investments including:
- Manager selection
- Manager evaluation
- Asset allocation development
- Asset allocation review
- Specific investment reviews
- And more
All designed to fit your family’s original intent.
