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How Much Does a Successor Trustee Get Paid? - The Balance


Jan 16, 2015 ... If the Revocable Living Trust is silent on fees or provides for the ... what a reasonable fee should be for the services rendered by a Successor Trustee. ... is entitled to receive compensation in accordance with it's published fee ...

Understanding the Duties and Responsibilities of a Trustee ...


If you have been named as a trustee or successor trustee for someone's trust, you may ... Today, many people use a revocable living trust instead of a will in their estate .... Yes, trustees are entitled to reasonable compensation for their services.

Who Should Be Your Successor Trustee? - EstatePlanning.com


If you have a revocable living trust, you probably named yourself as trustee so you ... your trust document should provide for fair and reasonable compensation.

Guidelines for Individual Executors & Trustees | Section of Real ...


Home > ABA Groups > Real Property, Trust and Estate Law | American Bar ... Living Wills, Health Care Proxies, & Advance Health Care Directives · Estate, Gift, and GST ..... either provide a fixed schedule of fees or allow "reasonable" compensation, ... If no successor is named, you may need a court proceeding ...

What is Reasonable Compensation for Your Successor Trustee?


that a Successor Trustee, who is also beneficiary, will administer the trust ... “ Method to Determine Trustee's Reasonable Compensation” form. This document will ... a Living Trust rather than a Will, the estate will usually avoid the expenses.

A Survey of State Statutes and Practices Regarding Fees of ...


Mar 1, 2002 ... A trustee is entitled to reasonable compensation. ..... trust, or upon transfer to a successor trustee, the aggregate principal commissions allowable shall be ..... bank as trustee of a living trust as the death of the settlor, a reduced.

Successor Trustee Handbook - Arizona


(A common form of trust used in estate planning is a “revocable” or “livingtrust.) ... The fact that you have been named as a successor trustee in someone's trust ... Your actions (or times of inaction) will be judged against what a reasonable .... and expenses, including the source and amount of a trustee's compensation.

Help for trustees under a revocable living trust in Virginia


Aug 28, 2015 ... in the revocable living trust is called the trustee. A trustee ... immediately, or you may be a successor trustee who can act when she can no .... If the trust does not specify your compensation, Virginia law permits “compensation ... In all cases, you need to show that your fee is reasonable according to the.

Help for trustees under a revocable living trust - Consumer Financial ...


made the revocable living trust to say who will get her money or property after ... immediately, or you may be a successor trustee who can act .... reasonable fee.

What to Expect from a Trustee - The Estate Planning Council of Seattle


If you are a trust beneficiary, what should you expect from your trustee? ... Under Washington law, a trustee is entitled to reasonable compensation for ... successor trustee for your living trust, it is advisable to discuss that appointment with the.

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Executors & Trustees - Eric Holk


If the trust is a living trust, probate will be avoided for the assets held in the trust, and ... The Primary Responsibilities of the Executor and Duties of a Successor Trustee . ... A Trustee is entitled to receive “reasonable compensation” for services ...

Personal Rep and Successor Trustee Compensation in Michigan ...


Dec 27, 2012 ... (1) If the terms of a trust do not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the ...

How Is Compensation Determined for the Trustee of an Irrevocable ...


Every trust must have a trustee with designated duties to perform. ... Sometimes an irrevocable trust does not mention trustee compensation and the ... Transferring Property From a Living Trust to a Successor Trustee · Enforcing a Trust · Living ...