It has become fairly common practice for settlors to name a trust protector when settling a trust, particularly when a commercial trust company is named as trustee. The Organisation for Economic Cooperation and Development (OECD) Common Reporting Standard (CRS) Implementation Handbook describes a protector as enforcing and monitoring the trustee’s actions, “such as overseeing investment decisions or authorising a payment to a beneficiary”. October 20, 2016. Download
10/2016
Trust Protectors: Reportable Under CRS, but not Under FATCA
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Jennie Cherry
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George N. Harris, Jr.
