Trust Administration Fees
I am the trustee of a revocable trust in New York. Am I entitled to an adminstration fee? If so, how is the fee determined? Thank you.
1 Answer from Attorneys
Re: Trust Administration Fees
MOST FEES ARE SET BY STATUTE. YOU CAN CHECK THE SURROGATE'S COURT PROCEDURE ACT - THE FEES DEPEND UPON THE VALUE OF THE ASSETS IN THE TRUST AND THE INCOME EARNED.