Legal Question in Wills and Trusts in California
trustee fees
Is it common and accepted practice
in California for a trustee of an
estate, who is also an attorney, to
charge his usual fee (250/hr) to
perform routine and non-legal tasks
in administering an estate, especially
with regard to the sale of a house
(hiring a realtor, meeting with
contractors, etc.). My father died a
year ago, and I, along with my sister
are the beneficiaries of the estate--
the main asset of which is a house
which recently sold for 375k. The
trustee has charged the estate
almost $60k for services connected
with the sale. Is this normal? The
trust document states the trustee is
to be paid at his usual rate--but
would a court find this excessive?
1 Answer from Attorneys
Re: trustee fees
Probably not, especially since the trust authorizes the trustee to charge their normal fees. If you are concerned, then you can request the court to review the accounting.
If you would like to discuss this matter further in a more private forum, please feel free to contact me directly at the email address provided by LawGuru or through our firm�s website located at PasadenaEstatePlanning.com
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