I am the trustee of my aunt's estate. She passed away in September 2008. What is a reasonable trustee's fee?
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Read More Answered By: Robert Hundertmark |
Depends on what you had to do - in Mass, the fee has to be "reasonable" in light of the time spent, expertise, amounts involved, etc. We don't have a presumptive percentage amount, like FL. It's an opportunity for reasonable compensation, not a windfall. Keep on mind it's a tax deduction for the trust/estate, which may be disallowed if too piggy. |
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