Legal Question in Wills and Trusts in Colorado
I recently received an inheritance. It is set up in 3 accounts: an inherited IRA, a GST exempt and a GST Nonexempt account. My brother, myself and my CPA are listed as CoTrustees. My CPA is also listed as Successor Trustee. My CPA is charging fees to the 2 GST accounts, but not to the IRA account. He is charging one account $250.00 quarterly and the other account $650.00 quarterly.
Is he supposed to be charging these accounts while I�m still an active Trustee? Should I be getting paid fees too? Are these fee amounts reasonable?
1 Answer from Attorneys
There would be no trustee for your inherited IRA. A trustee is entitled to a reasonable fee. What is reasonable depends on several factors, including: the actual work performed and the qualifications of the trustee and the difficulty of the work.
If you have questions about your rights as a beneficiary, then you should consult your own attorney.
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