QUESTION
Am I paying a fair amount to somone taking care of my sisters trust fund?
Asked on Jul 26th, 2011 on Estate Planning - Florida
More details to this question:
My mother stipulated in her will that a trust fund be set up for her sister to receive income from. Thus far, the lawyers' charges for doing so (most of which are said to be tax related) are $25,333. Does that seem legitimate?
2 ANSWERS
Glen Edward Ashman
Since you haven't told us how big the trust fund is in, the terms of the trust, how long they have managed it, and what the trust language is as to compensation, there is no way to answer you.
Answered on Jul 25th, 2013 at 10:02 PM
Trusts and Estates Attorney serving Jacksonville, FL
Partner at
Law Office of David M. Goldman PLLC
3 Awards
Generally for management of a trust 2.5% is considered reasonable unless you consent to something else.
Answered on Jul 26th, 2011 at 2:11 PM