How do you determine “reasonable” executive trustee administrative fees?

How do you determine “reasonable” executive trustee administrative fees?

I am the executive trustee for a trust that has been in affect for more than 15 years. During that time I was paid less than half a percent of the total assets for my administrative fees. The trust manages approximately $2,000,000 worth of assets- including leased gas stations and leased farm land.

Asked on February 23, 2012 under Estate Planning, Colorado

Answers:

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