- The power to remove and appoint trustees
- The power to make modifications to the trust in light of changes in law, particularly tax law
- The power to correct errors in the drafting
- The power to settle disputes between cotrustees
Since Trust Protectors are not defined in North Carolina law, their powers are all determined under the language of the trust instrument. I typically use the designation "Trust Advisor" as I find it sounds more palatable than Trust Protector.