Trustee Compensation Study

Problem: Few trust documents define how much the trustee is to be paid, and many beneficiaries think the trustee is paid too much.

The gross income of the trust estate
The success or failure of the trustee’s administration
Any unusual skill, expertise, or experience brought to the trustee’s work
The fidelity or disloyalty shown by the trustee to the office
The amount of risk and responsibility assumed by the trustee
The time spent in the performance of the trustee’s duties
The custom in the community regarding compensation authorized by settlors
The compensation allowed by the courts
The charges of corporate trustees for trusts of similar size and complexity
Whether the work performed was routine or required more than ordinary skill or judgment

The fixed fee for the Trustee Compensation Study is $7,200. This fee does not reduce the compensation paid to the trustee, but is paid by the trust.