§ 1101. Trust advisors and trust protectors (a) A trust protector or trust advisor is any person, other than a trustee, who under the terms of the trust, an agreement of the qualified beneficiaries authorized by the terms of the trust, or a court order has a power or duty with respect to a trust, […]
§ 1102. Trust advisors and trust protectors as fiduciaries (a) A trust advisor or trust protector is a fiduciary with respect to each power granted to such trust advisor or trust protector. In exercising any power or refraining from exercising any power, a trust advisor or trust protector shall act in good faith and in […]
§ 1103. Trust advisor and trust protector subject to court jurisdiction By accepting appointment to serve as a trust advisor or trust protector, the trust advisor or the trust protector submits personally to the jurisdiction of the courts of this State even if investment advisory agreements or other related agreements provide otherwise, and the trust […]
§ 1104. No duty to review actions of trustee, trust advisor, or trust protector (a) Whenever, pursuant to the terms of a trust, an agreement of the qualified beneficiaries authorized by the terms of the trust, or a court order, an excluded fiduciary is to follow the direction of a trustee, trust advisor, or trust […]
§ 1105. Fiduciary’s liability for action or inaction of trustee, trust advisor, and trust protector An excluded fiduciary is not liable for: (1) any loss resulting from any action or inaction of a trustee, trust advisor, or trust protector; or (2) any loss that results from the failure of a trustee, trust advisor, or trust […]
