Wednesday, January 15, 2014

What would be a reasonable, allowable trustee fee for handling my Mother's estate? I am retired at present.

Question

What would be a reasonable, allowable trustee fee for handling my Mother's estate? I am retired at present.



Answer

What would you be willing to pay someone else with your level of ability to perform as trustee? What do the other beneficiaries believe is reasonable? Before you retired, what was your rate of pay? I think conferring with the other beneficiaries to obtain an agreement will avoid any disputes later when it comes time to make the final distributions.



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