QUESTION
In the trust it states, if compensation is taken it will not exceed 1%. Trustee is taking 5% claims theirs trust notes that didn’t make the final!
Asked on May 13th, 2018 on Trusts and Estates - California
More details to this question:
Can a trustee tell a beneficiary (me) that I am not privy to trust notes & correspondents from the settlor and unaware of her decision to allocate 5% fee. This can’t be? I feel I’m taking crazy pills when dealing with this trustee and her angles...
1 ANSWER
3 Awards
The trust terms, not an informal note outside of the trust, govern the amount the trustee can be paid. If the difference between the 1% and the 5% is significant in terms of dollars, you may need to get an attorney involved.
Answered on May 14th, 2018 at 8:42 AM