Legal Question in Wills and Trusts in Massachusetts
I am the trustee of my aunt's estate. She passed away in September 2008. What is a reasonable trustee's fee?
Asked on 11/07/09, 6:26 pm
1 Answer from Attorneys
Robert Hundertmark
Robert J. Hundertmark, Attorney At Law
Depends on what you had to do - in Mass, the fee has to be "reasonable" in light of the time spent, expertise, amounts involved, etc. We don't have a presumptive percentage amount, like FL. It's an opportunity for reasonable compensation, not a windfall. Keep on mind it's a tax deduction for the trust/estate, which may be disallowed if too piggy.
Answered on 11/12/09, 8:10 pm