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 ...
Trustees are the main person responsible for following the wishes of the creator of the trust (trustor) as articulated in the trust agreement, and are responsible for ...
If the terms of a trust do not specify the trustee's compensation, a trustee is .... existence only when he decided to take compensation, an argument that the court ...
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 ... As a “ reasonable compensation” jurisdiction for trust- ees, Florida is in the .... SF; Ga. Code § 53-6-60; extra compensation provided by. Georgia. Ga.
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 ...
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:.
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.