Legal Question in Elder Law in California
Successor trustee fee
Being the successor trustee and conservator of person and estate is taking a trustee fee of 2.8% of total assets annually to much. The estate is worth $850k.I take no conservator fee.I take $2,000 per month as trustee.
Asked on 1/12/07, 4:12 pm
2 Answers from Attorneys
Terry A. Nelson
Nelson & Lawless
Re: Successor trustee fee
You better not be taking anything without a specific court order to do so, after filing your accounting. Consult counsel before you get into trouble with the court.
Answered on 1/12/07, 5:20 pm
Vandad Moheban
Moheban Law Firm
Re: Successor trustee fee
In order to best address the issues presented in your inquiry, our office would be happy to provide you with a free 30 minute telephone consultation. Please feel free to contact our office, toll free, at 1.877.MOHEBAN. Ask for Vandy Moheban, Esq. www.lmapc.com
Answered on 1/24/07, 1:15 pm
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