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Trustees

How is a San Diego Trustee Paid?

Kim Ward
May 21, 2014
probateandtrusthelp.webflow.io/post/san-diego-trustee-paid

Introduction

How is a San Diego Trustee Paid?When appointed to be the trustee of a San Diego decedent’s trust, the San Diego trustee takes on liability and is accountable to the beneficiaries. Because of the work involved with being a San Diego trustee, the trustee should be paid. It is important that the San Diego trustee understands the payment must be “reasonable.”So what’s reasonable? I recently read an article written by Liza Horvath in the Monterey County Herald that discusses the difference between a San Diego probate which is directed by the San Diego Probate Court and a San Diego trust administration. Fees are established for a San Diego probate in the San Diego probate code. A San Diego trustee is entitled to fees and according to this article reasonable fees can be in the range of 0.5 percent to 1 percent of the value of the trust assets.This is the link to the entire article: http://www.montereyherald.com/seniors/ci_25779120/liza-horvath-senior-advocate-reasonable-trustee-feesI help San Diego trustees to understand what it takes to prepare, market and sell San Diego real estate in a trust.

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