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Tina, Lawyer
Category: Legal
Satisfied Customers: 8775
Experience:  JD, BBA Over 25 years legal and business experience.
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What would be a reasonable trustee fee $800,000 decedents

Customer Question

What would be a reasonable trustee fee for a $800,000 decedents trust with fourteen widely disbursed heirs where the trust document states that trustee should pay himself a reasonable fee for actual time spent in administration under unusual circumstances or hardship. Trustee is a retired, former accountant and investor and one of the 14 beneficiaries. The trust included a home, stocks & bonds. The house sale has delayed settlement to date. Certain of the beneficiaries have been less than cooperative making the job unusual and a hardship. I am thinking 3%.
Submitted: 1 year ago.
Category: Legal
Expert:  MIAMILAW1127 replied 1 year ago.

Hello. Thank you for contacting me. I am a consultant here and I am looking forward to assisting you with your question. If at any point any of my answers aren’t clear please don’t hesitate to ask for clarification. Please be patient as I will be typing my responses to you from scratch. Also, I can only answer/address the questions you ask specifically based on the information your provide. Please try to provide as much information as possible so I can best assist you.

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I'm assuming that the trust is silent as to what the settlor of the trust is supposed to get paid?

Customer: replied 1 year ago.
Please reply here.
However, my concern that this is a scam seems to be true. I agreed to pay for this answer and nothing else. I am not signing for a months free trial. Do not enroll me into anything. You leave me no way to decline your offer for a free trial.
Customer: replied 1 year ago.
I decline your offer for any sort of free trial. I would like an answer to the question asked and nothing else. I decline your offer for a free trail and will not pay $36 after 7 days nor will I pay anything else.
Expert:  MIAMILAW1127 replied 1 year ago.

Sir, please understand I am a live person that you are speaking to. This is not a scam.

I need more information from you to be able to answer your question accurately.

Expert:  MIAMILAW1127 replied 1 year ago.

The prompts you are receiving are automatic prompts from the website, not from me.

Expert:  MIAMILAW1127 replied 1 year ago.

So, does the trust itself state how much is to be paid to the settlor?

Customer: replied 1 year ago.
The screen is telling me that I may cancel at any time. How can I do that
Expert:  MIAMILAW1127 replied 1 year ago.

If you want to cancel, I will stop responding and you can call customer support for a refund.

Customer: replied 1 year ago.
There is no number listed for customer service nor anything nor any way to say I reject this offer.