Legal Question in Wills and Trusts in New York

Trust Administration Fees

I am the trustee of a revocable trust in New York. Am I entitled to an adminstration fee? If so, how is the fee determined? Thank you.


Asked on 4/22/02, 12:20 pm

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

Re: Trust Administration Fees

MOST FEES ARE SET BY STATUTE. YOU CAN CHECK THE SURROGATE'S COURT PROCEDURE ACT - THE FEES DEPEND UPON THE VALUE OF THE ASSETS IN THE TRUST AND THE INCOME EARNED.

Read more
Answered on 4/24/02, 9:50 am


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in New York