Legal Question in Wills and Trusts in Texas
estate trustees final fees
How would 3 trustees of a 40 year old trust determine a fee paid to each at the disolution of the trust? What would be considered customery and reasonable?
Asked on 9/08/05, 10:08 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: estate trustees final fees
It's not uncommon for the trustees to have 2.5% of the distributed assets, and 2.5% of assets they bring into the trust (other than simple accounts, stocks, bonds, etc.). That would be split between the three. How they divide it up is up to them.
Answered on 9/09/05, 9:20 am
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