A trust advisor or trust protector, other than a beneficiary, is a fiduciary with respect to each power granted to the 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 accordance with the terms and purposes of the trust and the interests of the beneficiaries.
A trust advisor or trust protector is an excluded fiduciary with respect to each power granted or reserved exclusively to any one or more other trustees, trust advisors, or trust protectors.
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