What is the standard compensation for a sucessor trustee for an estate of 2 million?
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Victor Waid / Law Office Of Victor Waid
Answered 2 months ago
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The fee for administering a trust, is generally determined by statutory percentage set forth in the probate code, total hours expended, upon petition to court for approval, after a full accounting has occurred and the beneficiaries are satisfied with the accounting as well as the court because of the size of the trust estate. amd must be reasonable as to hourly pricing per experience of trustee and what similar trustees charge in the area.