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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 ...

Does challenging a successor trustee's self-determined ... - Avvo.com


Oct 20, 2012 ... Our sister, who was named successor trustee tells us, if we challenge what she self-determines is reasonable pay,... ... the trust instrument itself to be certain of the compensation provisions. ... Wills and Living Wills Lawyer.

Administering the Revocable Living Trust in California - Toews ...


IV COMPENSATION OF THE TRUSTEE. .... “successor trustee”) is responsible for settling the trust in the manner required by law. Where there is no ... loss and for getting a reasonable investment return on trust assets while the trust is being.

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.

Trustee Fees - How Are They Set? | Stimmel Stimmel and Smith


With the increased use of the Intervivos Trust as the standard “middle class” estate plan, ... on Wills and Trusts and the Irrevocable Living Trust before reading further. ... Since Trusts can last decades and thus require successor Trustees, even if a ... time records of the trustee to determine reasonable compensation, using the ...

Choosing a Living Trust Successor Trustee -


Dec 9, 2015 ... The living trust successor trustee takes over management of a trust when the ... trustee is entitled to reasonable compensation unless the trust ...

12. What to Expect From a Trustee - The Estate Planning Council of ...


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.

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.

No Means No for Successor Trustee of Special Needs Trust With No ...


Jan 18, 2013 ... A trustee is entitled to compensation for services as provided in the trust ... or “ reasonable compensation” when the trust instrument “does not specify the ... With Living Settlors, is it Safe for Trustees To Go Back in the Water?

Trust Me: Practical Advice for Drafting Florida Trusts - The Florida Bar


The trustee and beneficiaries will be legally required to abide by the trust terms ..... either through determining reasonable compensation, or through the trustee ... If a beneficiary of a revocable living trust is not known to the successor trustee,  ...

Popular Q&A
Q: What is reasonable compensation for successor trustee in a living...
A: In New York, a Trustee's Commission is determined under the Estates, Powers and Trusts Law. Section 2309 covers persons dying or lifetime trusts established aft... Read More »
Source: www.answers.com
Q: In January 2003 my uncle was put in a nursing home and has been c...
A: Successor Trustee Fees. Nevada law requires period accountings regarding nontestamentary trusts, as set forth here: http://www.leg.state.nv.us/NRS/NRS-165.html#... Read More »
Source: www.lawguru.com
Q: Reasonable Trustee Fees. I was co-Trustee with my father on a dis...
A: Reasonable Trustee Fees. "Reasonable" trustee's fees are based on a combination of the level of work performed, your opportunity costs in taking time away from ... Read More »
Source: www.lawguru.com
Helpful Resources

How Much Does a Successor Trustee Get Paid?


Check the provisions of the Revocable Living Trust to determine if the ... to what a reasonable fee should be for the services rendered by a Successor Trustee. ... fiduciary is entitled to receive compensation in accordance with it's published fee  ...

reasonable trustee fee


Oct 23, 2012 ... Trustee Fees Most trust agreements state that the trustee is entitled to a ... a trustee is entitled to compensation that is reasonable under the circumstances. ..... and as successor trustee to his revocable living trust (beneficiaries ...