Protector not mandatory for trusts

Protectors can help ring-fence the working of the trustees and ensure the rules do not become rigid

Priya Nair | Mumbai
Last Updated at January 22, 2017 22:16 IST

Can someone entrusted to protect the well-being of your family unwittingly act against them, based on your instructions? Private trusts that are set up for the distribution of wealth to the next generation could face this situation if the structure is not carefully formed. Recently, there was a case where a trustee was accused of acting against the interests of the beneficiaries.

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