The Uniform Trust Code provides some guidance when it states that any individual providing direction to a trustee is fiduciary per se. (Footnote 4) Contrast this with Alaska and Arizona, whose statutes state that a trust protector shall not be treated as a fiduciary unless the trust instrument provides for such treatment.
Lower Taxes, Fewer Deductions: Are Romney and Ryan Dodging the Specifics? and Fact-checking Romney-Ryan: Does the math add up? and A Progressive Tax Code is Economically Destructive Lowering, not raise, the top marginal rate is the right direction.