In that situation, Georgia law specifies an annual percentage fee to be paid to the trustee based on the cash and market value of the trust valued on the last day ...
Georgia Statute 53-12-210 determines the compensation of the trustee of an irrevocable trust. Georgia is one of a few states that is very specific as to how both ...
What is "reasonable compensation" for a trustee for a family trust? ... against which I can judge my work, and from which I can determine a defensible salary? ... Answered By: journalist-ga on 14 Jun 2005 09:16 PDT Rated: 5 ...
of a trust is determined by the law that would be applied by the courts of the situs of that .... provision that would allow the settlor and beneficiaries of an irrevocable trust to .... The 2010 Code contains a new compensation schedule for trustees.
Mar 3, 2014 ... Trustees' fee issue and determine a reasonable fee,” alleging that the ... sonable compensation out of the trust estate for services as trustee, unless the .... SF; Ga. Code § 53-6-60; extra compensation provided by. Georgia. Ga.
Feb 15, 2016 ... Georgia code includes provisions for compensation of Trustees in ... plus (b) an annual fee calculated based on the trust assets as follows:.
It can either be a revocable or irrevocable trust (although some people mean .... The duties of a trustee are determined by terms of the trust, by statute, and by common law. ... compensation for her work in administering the trust.24 If a trustee fails to ..... GA. CODE ANN. § 53-12-193 (1997). 59. For example, in Adamson v.
Dec 11, 2012 ... For analysis of Georgia fiduciary law and estate planning during the prior survey ..... case was decided,55 allowed the court to modify an irrevocable trust “if ..... The Revised Code changes the trustee compensation statute to.
Jul 2, 2015 ... Impact of New Georgia Trust Code on Existing Plan • OCGA §53 12 ... when a revocable trust becomes irrevocable), the trustee shall notify the .... law Taxable Income – Determined by applying the Internal Revenue .... Otherwise, the trustee's compensation shall be those set forth for Conservators (29-5-50).