PROTECTOR

A protector is a person (individual or corporate), who is not usually a trustee, that is appointed by the settlor during his lifetime, under the terms of his Will or his immediate family on his demise, or in the absence of any decision being made in such circumstances, by the trustee(s). A protector, as the holder of an office under the trust deed, is authorised or required to take part in the administration of the trust. The extent of a protector’s involvement varies greatly, for they are appointed for a number of reasons. A protector may for instance, have the ability to appoint or remove trustees, make or approve amendments to the administrative powers of the trust or to veto the exercise of any reserved powers of the settlor. The powers of a protector are generally discretionary based. A protector is usually appointed in order that the beneficiaries of a trust may approach someone familiar with the trust, but independent of the trustees, who they can consult in relation to the trust’s affairs.

CROSSMAN AS A PROTECTOR

Crossman, as part of its overall trust service, will act as a Protector of trusts administered by third parties, the settlor or beneficiaries of which, require an independent, experienced and knowledgeable party, to assist in the administration of the trust, the security of the Trust Fund, i.e. its assets, and the protection of beneficiary interests. If you would like Crossman to be the Protector of an existing trust, or of a trust that is to be established, would you please complete our standard Protector Questionnaire. Details of Crossman's fees and the standard terms and conditions of its protector service may be obtained by accessing Independent Protector.

Crossman Trust Company Limited PO Box 1, Portland House, Station Road, Ballasalla, Isle of Man, IM99 6AB, British Islands. Telephone: +44 (0)1624 825805 or 822816, Fax: +44 (0)1624 824570, E-Mail: mail@crossmantrust.com