Can My Trustee Charge for Phone Calls and Emails?
My trustee charges me for phone calls and responding to my emails – is this legal?
Yes, unless it adds up so much that a court would find the total charges unreasonable. Different trustees use different methods of billing. Some bill a percentage of the value of the trust, some for their time, and some use a hybrid approach. That said, if the trustee costs are eating up a big portion of the trust and you’re not getting your questions answered, then you may want to discuss the fees with the trustee or switch trustees. Another trustee might be a better fit.
Is a Trustee Entitled to Compensation?
Is My Trustee Overcharging?
What Should I do About a Trustee Who is Overcharging Me?
What is a Standard Trustee Fee?
Don’t know how your trust works?
Whether you’re creating a plan, managing a trust, or are a beneficiary of a trust, this book is your easy-to-read roadmap.