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
For answers to new questions, subscribe to our newsletter, Michael Gray, CPA's Tax & Business Insight by filling out the form below.
Home Newsletter Archive Introducing Michael Gray, CPA Articles Tax FAQ Need Help? Other Links
Michael Gray, CPA
2482 Wooding Ct.
San Jose,
CA
95128
(408) 918-3162
FAX: (408) 938-0610
email: mgray@taxtrimmers.com
Hours: 8am - 5pm PDT Monday - Friday
Find us on Facebook
Follow me on Twitter
Connect on LinkedIn
Our Blog