Best Estate Planning Attorneys in Roseville, CA

How much is reasonable compensation for a Trustee? This can be a tricky question that depends on the total value of the Trust, the nature of the Trustee, your particular U.S. state, even the county you live in, and what’s written into the Trust itself. If you are using a “Corporate Trustee” for a larger estate, they will usually receive between 0.3% to 2% of the Trust assets to handle the Trust Administration, a fee generally paid on a flat rate basis. A private Trustee, such as a family member, a Trustee who is also a Beneficiary, or a family friend will usually be paid on an hourly basis, perhaps $25 to $45 an hour in California. “Professional Trustees” who operate as solo actors may look for over $100 an hour, or may request a percentage of Trust assets. In some cases, the Trust may specify a compensation amount that must be adhered to. Bottom line, consult a qualified attorney before taking compensation from a Trust. Cunningham Legal has more than 26 years of experience handling the intricacies of California Trust Administration, and we would love to help you get this right—so that the legacy of your loved one brings support and comfort to the living, instead of hassles and heartache. We have offices throughout California, and we offer in-person, phone, and Zoom meetings.