In administering my aunt's trust,My sister based her compensation on actual hours x her usual rate of pay,Is this acceptable?Who actually decides how much a trustee can receive if the courts are not involved?Any info would be very helpful.
2006-09-09 02:37:00 · 5 answers · asked by grandeweso1 2 in Politics & Government ➔ Law & Ethics
My sister based her compensation on a rate of $26.00 per hour,I earn about $60.00 an hour and am trying to be fair with my mother's trust,as to how much I should receive.Thank you.
2006-09-09 03:21:04 · update #1
i dont know for sure but i think its 20%
2006-09-09 02:43:04 · answer #1 · answered by handy Andy 3 · 0⤊ 0⤋
Payment for services rendered? Like cleaning house or something of that effect? Her wage sounds fair.
If you're trying to divide it up between people, use the total amount of $ Auntie left, then divide by # of people and you'll have an answer.
The Executor of the estate would do that.
2006-09-09 03:10:14 · answer #2 · answered by Lucianna 6 · 0⤊ 0⤋
Sorry, but this is an acceptable practice of Trustee.
2006-09-09 03:06:31 · answer #3 · answered by skyeblue 5 · 0⤊ 0⤋
i dont know for sure but as far as i know its 3%percent
2006-09-09 03:07:37 · answer #4 · answered by joey 4 · 0⤊ 0⤋
administratrix
2006-09-09 02:42:10 · answer #5 · answered by Anonymous · 0⤊ 0⤋