Legal Question in Wills and Trusts in Nevada
5 years ago my mother died and left the estate 2 commercial buildings & her home that I am the property manager on all property, my brother was the trustee he has since passed and I was the successor trustee and now hold both property mgr & trustee hats. My question is can I collect the trustee fee along with the mgt fee (10%) that I have been getting
1 Answer from Attorneys
Sometimes the trust document addresses the issue of trustee fees. If it doesn't one of the beneficiaries may object. An analogy may be helpful. Attorneys may serve as paid administrators of an estate admitted to probate, but the same attorney or law firm may not collect both an administrator's fee and a legal fee. I think this analogy might be controlling if one of the beneficiaries objects and brought the issue before our local probate commissioner who handles trust issues. It is also possible that if the case came before the probate commissioner he would look at how much work you do wearing each hat and how much fee you are claiming for each job.