Legal Question in Wills and Trusts in North Carolina
trust
I am a trustee of a trust and have asked the attorney who wrote the trust what my compensation is for doing this is to no avail. I am also the executrix of the will is there two fees I am entittled to? I am not related , just a friend. The surviving wife lives with me and has dementia
1 Answer from Attorneys
Re: trust
If you are the Trustee then you should have a copy of the Trust. The first thing to do is to read the trust to try to find the answer to your question.
An Executor can get a commission. If the will does not stipulate what it should be, then it is in the Clerk's discretion. See guidelines in 28A-23-3. If you hire an attorney to help you with administering the estate, he or she can further advise you on this.
DISCLAIMER - Any advice contained herein is general. It is also only applicable to NC. People reading this should seek competent representation. Each fact situation varies and there is no way to adequately answer each question.
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