Legal Question in Wills and Trusts in California

Compensation for Trustees

Are Trustees (who are also beneficiary's in this case)able to get compensation for their time/trouble from the Trust they are administering and if so, do they need all of the beneficiary's to consent to this compensation?

How is it agreed upon if consent is required?

What is customary?

Thank You.


Asked on 10/11/01, 5:25 pm

2 Answers from Attorneys
Chris Johnson Christopher B. Johnson, Attorney at Law

Re: Compensation for Trustees

If the trust does not specify, or says "reasonable compensation," then the Trustee can pay himself/herself/itself the prevailing rate without the beneficiaries' consent. In California, the rate is between 1/2 to 1 percent of the value of the trust assets each year, plus expenses.

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Answered on 11/25/01, 12:04 pm
Ken Koury Kenneth P. Koury, Esq.

Re: Compensation for Trustees

depends on what the trust says.

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Answered on 11/22/01, 4:55 pm


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