In the latest installment of Modern Wealth Management, Darrick explores the complex nature of trusts and why it's beneficial to have a trust protector in place. When you have a trust, it's overseen by a trustee. But, who is keeping an eye on the trustee to ensure he or she is not exploiting you? If the answer is "no one" or "I don't know," it may be time to consider adding a trust protector to your team of advisors. Listen as Darrick shares his first-hand experience with trusts and why trust protectors can be an extremely beneficial addition to your fiduciary team of experts. Timecodes:0:04 - Overview on the topic of the day2:08 - The various parties involved in a trust8:27 - Grantors typically don't realize they need to be on guard during this process10:30 - How a trust protector can help with the fees typically associated with the trustee13:08 - The overall role of the trust protector17:06 - What happens when a trust protector recognizes that the trustee isn't operating effectively19:38 - How someone would go about hiring a trust protector20:46 - Summarizing the need for a trust protector23:50 - Closing remarksConnect with Darrick and Ray:WebsiteFacebookLinkedIn

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