How can a Trustee be paid?

The Trust has language that the trustee can be paid.

Asked on October 31, 2013 under Estate Planning, North Carolina


FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 7 years ago | Contributor

The way a trustee gets paid under a trust is to submit a detailed invoice for time and activities done to all trustees and submit it to the beneficiaries for written approval for payment. Once received, the trustee then pays his fee from the trust assets and advises the beneficiaries of such in writing.

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