How Is Compensation Determined for the Trustee of an Irrevocable Trust in ... In that situation, Georgia law specifies an annual percentage fee to be paid to the ...
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 ...
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.
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.
If the trust document doesn't specify compensation, then the trustee ... ($ 25,000,000), a reasonable amount to be determined by the court.
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).