This has several important implications, which include the increased costs resulting from this third-party interference and the ambiguous nature of trust protector status and duties in American case law.

FORBES: Trust Protectors: Coming Out of the Woodwork

In this case, the Missouri Court of Appeals imposed a fiduciary duty on a trust protector where neither statute nor the trust instrument established a fiduciary duty.

FORBES: Trust Protectors: Coming Out of the Woodwork

It may sound like this is the ideal way to be, but the case that first interested Linder in the study of personality types was actually an extreme Protector.

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In case the tai-pan gets into mischief, we also created the position of trust protector, whose only power is to fire and replace the trustee.

FORBES: A Bicycle Trust For Christmas

"That was to be the fail-safe in case of an accident, " says LamarMcKayLamar McKay, chairman of BP America, adding that the blowout protector--like the rig itself--was owned by Transocean.

FORBES

"That was to be the fail-safe in case of an accident, " says Lamar McKay , chairman of BP America, adding that the blowout protector--like the rig itself--was owned by Transocean.

FORBES: The Gulf Oil Leak