Legal Question in Wills and Trusts in California
Payment to executor of living trust
What is the percentage used to calculate fes paid to me for serving as the executor of my mothers living trust in the state of California?
3 Answers from Attorneys
Re: Payment to executor of living trust
There is no set amount. You're entitled to reasonable compensation based on the extend of services provided. If you need any further assistance, let me know.
Sincerely,
Phillip C. Lemmons
Re: Payment to executor of living trust
the trust agreement may provide the method of compensation for the trustee (not executor of will), if not you are entitled to "reasonable compensation". to determine what this is and ensure that you are properly administering your mother's trust, you should retain a qualified attorney.
Re: Payment to executor of living trust
If the trust is silent as to how trustee compensation is calculated, then it is a "reasonable" amount standard (between 1% and 1.5% of the gross value for ordinary services).
My office regularly handles trust and estate administration cases. Please call me if you want to further discuss your matter.
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