How are trustee's fees determined?

April 15, 2005

Subject:  trustee fees
Date:  Wed, 30 Mar 2005
From:  Olga

Can you tell me how a trustee's fees are determined?

Thanks,
Olga

Answer

Date:  Fri, 01 Apr 2005

Hello Olga,

I suggest that you consult with an attorney. Unlike estates, there are generally no statutory fee schedules for trustees. When writing trust provisions, it can be helpful to spell out how the trustee should be compensated. It helps avoid arguments later.

Good luck!
Mike Gray

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