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February 2020 Archives

Trust protectors activate when trust funds come under threat

Families in Pennsylvania interested in segregating their children's inheritance from marital assets should the heirs get married sometimes use trusts to hold the assets. A trust can be set up that names the heir as trustee. This grants the heir some control and access to the assets while keeping asset ownership within the trust. Naming a trust protector within the trust documents adds another level of asset protection. A trust protector serves as an alternative trustee should threats arise to the funds, such as a divorce or lawsuit.

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