Legal Question in Wills and Trusts in Virginia

Trustee

I am one of three beneficiaries of my mother and fathers Shelter trust. My older sister if the Trustee. What would be the ''reasonable compensation'' that she should expect for performing the duities as the trustee? The total value to the three of us as sole beneficiaries is approx $1.7MM- in real property only.


Asked on 7/20/07, 9:14 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Trustee

Without knowing what her duties are with respect to being trustee of this

shelter trust, it would be difficult to say. Assuming, that they're minimal,

perhaps, $2K per year.

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Answered on 7/23/07, 7:02 am


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