A trust protector or trust advisor is any person, and may be a committee of more than one (1) person, other than a trustee, who under the terms of the trust has a power or duty with respect to a trust, including, but not limited to, one or more of the following powers:
The exercise of a power by a trust advisor or a trust protector shall be exercised in the sole and absolute discretion of the trust advisor or trust protector and shall be binding on all other persons.
Any power of a trust advisor or trust protector to directly or indirectly modify a trust may be granted notwithstanding the provisions of Sections 91-8-410 through 91-8-412 and 91-8-414.
An excluded fiduciary may continue to follow the direction of a trust protector or trust advisor upon the incapacity or death of the grantor of a trust to the extent provided in the trust instrument.
Notwithstanding anything in this section to the contrary, no modification, amendment, or grant of a power of appointment with respect to a trust, all of whose beneficiaries are charitable organizations, may authorize a trust protector or trust advisor to grant a beneficial interest in the trust to any noncharitable interest or purpose.
Structure Mississippi Code
Chapter 8 - Mississippi Uniform Trust Code
Article 12 - Trust Advisors and Trust Protectors
§ 91-8-1201. Powers of trust advisors and trust protectors
§ 91-8-1202. Trust advisors and trust protectors as fiduciaries
§ 91-8-1203. Trust advisor and trust protector subject to court jurisdiction
§ 91-8-1204. No duty to review actions of trustee, trust advisor, or trust protector
§ 91-8-1206. Limitation of action against trust advisor or trust protector