Of course, professional trustees charge fees, and many banks and trust .... of law,
and no trustee can be compelled to serve without the right to be paid for time
spent. ... The point is that the client should realize that a family member may not
Check the provisions of the Revocable Living Trust to determine if the Trustmaker
left any guidance as to what the Successor Trustee should be paid.
These duties may include paying the trust's bills and filing tax returns. The trustee
... Sometimes an irrevocable trust does not mention trustee compensation and
the ... Nothing stated or implied in this article should be construed to be legal, tax,
Jan 4, 2016 ... But, what does “reasonable compensation” mean? ... By waiving a trustee fee, a
trustee can keep more resources in the trust and avoid paying ...
Nov 10, 2011 ... A trustee will get paid based upon what the trust instrument provides. The trust
might authorize a ... Next post: Should A Trustee Be Insured?
WHAT DOES AN EXECUTOR OR TRUSTEE HAVE TO DO? ... In either case,
compensation paid to the Executor or Trustee will be taxable income to them.
Should You Accept Payment for Your Work as Trustee? ... Many trustees do, and
it's certainly appropriate to be paid for the real work that comes with serving as ...
Nov 8, 2010 ... Typically, a trust wont specify how much a trustee should be paid for their effort.
And yet, unless waived by the settlor, or specifically established ...
Apr 21, 2013 ... The trust does not state how much the trustee can/must charge for services. She
is hesitant to take any pay, but I would like to pay her. ... One thing your cousin
should remember if she decides to take a fee for her services as ...
Nov 5, 2012 ... Trustee of Revocable Trust -- how much can I be reimbursed ... My job, which is
contractual paid an hourly rate of GT 80 an hour and I also .... Before making
legal decisions, you should discuss your specific circumstances with ...