What is average charge for trustee to charge an estate?
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What is average charge for trustee to charge an estate?
I need to pay a family member to administer my deceased husband’s Trust and also my Trust. Is %of value of estate considered a fair charge?
Asked on February 23, 2017 under Estate Planning, California
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
As ageneral rule, the trustee's compensation is stated in the provisons of the Trust itself. If not, then it is determined under the guidelines typically awarded in the appropriate county; the probate court has a calculation that they use to determine trustee compensation.
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