Trustee Fee Articles

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How much is too much for a trustee to be paid? (Part 1 of 3)

Duty: Section 7 of the Uniform Prudent Investor Act directs that “... a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes...
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How Much Should A Trustee Be Paid?

Few trust documents provide any guidance about trustee compensation other than to say it shall be “a reasonable amount”. Predictably, few trustees, beneficiaries or professional advisors agree on what a...
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How much is too much for a trustee to be paid? (Part 3 of 3)

This article is the last in a three-part series addressing the factors to consider when establishing trustee compensation.  In this article we consider the reporting requirement AFTER the trustee has determined...
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How much is too much for a trustee to be paid? (Part 2 of 3)

Duty: Section 7 of the Uniform Prudent Investor Act directs that “… a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the...

UPIA §7 – A Trustee’s Duty to Incur Only Reasonable Costs

“Wasting beneficiaries’ money is imprudent. In devising and implementing strategies for the investment and management of trust assets, trustees are obliged to minimize costs” (National Conference of Commissioners on Uniform...