How much is a trustee allowed to claim for administrative fees on an estate valued at $384,900?
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How much is a trustee allowed to claim for administrative fees on an estate valued at $384,900?
Are there stipulations for expert qualification? This is regarding an irrevocable Trust.
Asked on September 23, 2013 under Estate Planning, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Ordinarily the trustee's fee for a matter that you have written about is set by your state's probate code on a graduated scale. For example a certain percentage for the first $50,000, a lower percentage for the next $100,000 and so forth. In the event of litigation parties can stipulate to expert qualifications.
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Ordinarily the trustee's fee for a matter that you have written about is set by your state's probate code on a graduated scale. For example a certain percentage for the first $50,000, a lower percentage for the next $100,000 and so forth. In the event of litigation parties can stipulate to expert qualifications.
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