When you have a trust, it’s overseen by a trustee. However, who is keeping an eye on that trustee to ensure he or she is doing their job effectively and not exploiting you? If your answer is “no one” or “I don’t know,” it may be time to consider adding a trust protector to your team of advisors. 

In the most recent installment of Planning Wisdom of the Super Rich, Devang examines the role of trust protectors and how you can determine whether you should be working with one.

Thanks for joining us for another informative episode, which is bound to leave you with some considerations for yourself and your business!

Timecodes:

0:06 – Overview on today’s topic

1:11 – What is a trust protector?

1:56 – The reasoning behind why someone would consider enlisting a trust protector

3:00 – People don’t often realize they should be considering a trust protector

4:27 – The trustee could generate fees that the trust reimburses

5:30 – How the trust protector operates and monitors a given trustee

7:06 – What happens if the trust protector suspects foul play

9:00 – Bottom lining the overall importance of trust protectors

10:08 – How to get in touch with Devang and his team at Virtus Wealth Solutions

11:31 – Closing remarks

Connect with Devang Patel:

Virtus Wealth Solutions

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