Sacramento Bee: Can I take a fee for handling my family’s living trust? What if my son doesn’t want the home that’s left to him in a will?
This week, those questions get answered by our “Ask the Experts” estate planning attorney, Michelle Goff. She’s part of our new team of local experts answering readers’ questions online at www.sacbee.com/ask.
Go there for free advice on wills and trusts, as well as to ask questions of our other local experts.
I have been trustee of our family’s living trust for four years. I have an elderly stepmother who has dementia and was recently moved from the family home into a skilled nursing facility. I have never taken any trustee’s fees but have heard that a trustee’s fee can be set at 1 percent of the estate’s annual market value. Is there any guidance concerning this? Are fees treated differently than probate fees? Thank you.
Continue reading about trustee compensation.