Legal Question in Wills and Trusts in Michigan
What is appropriate compensation for a trustee per hour of time spent on trust paperwork
Asked on 12/02/10, 3:20 pm
1 Answer from Attorneys
John Tatone
John R. Tatone & Associates PLC
It varies on the type of work done and the skill level of the trustee. In addition, some trusts state the amount the trustee should be paid. In general, trustees should not be paid the same as a lawyer, even if they are a lawyer. I've seen trustee fees range from $20/hr. to $105/hr. Contact me at 888-988-LAWS (5297) or johntatone.com if you need my assistance with a trustee issue.
Answered on 12/07/10, 4:14 pm