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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Archives

Tag Archives for: "trustee fee"
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 Should Family Member Trustees Charge as Much as Professional Trustees?
0
By Harry Margolis
In Revocable Trusts
Posted January 22, 2025

Should Family Member Trustees Charge as Much as Professional Trustees?

Question: Is it fair for a family member acting as trustee and property manager to charge the same fees as professionals, considering the potential conflicts of interest and lack of experience in [...]

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 Should I Name My Friends as Successor Trustees or Co-Trustees?
0
By Harry Margolis
In Revocable Trusts
Posted April 10, 2023

Should I Name My Friends as Successor Trustees or Co-Trustees?

Question: If I do a trust, does anything in my life have to change? What if  I appoint two friends to be in charge of the trust? Also, can I  make sure they get compensated from the trust? [...]

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 Can Trustee Fee Be Contributed to IRA?
0
By Harry Margolis
In Retirement Plans, Trustee
Posted January 16, 2023

Can Trustee Fee Be Contributed to IRA?

Question: Is the trustee fee I received income that I can use to calculate my IRA contribution in the same year? Response: Yes, it is earned income that must be reported on your tax return and, [...]

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 Can I Charge a Management Fee for Property in Trust When I’m the Trustee?
0
By Harry Margolis
In Irrevocable Trusts
Posted October 4, 2021

Can I Charge a Management Fee for Property in Trust When I’m the Trustee?

Question: I have been trustee of my father’s trust since 12-24-18 to present. I have taken care of contacting all companies, paying bills, remodeling and repairing, banking, etc. The house [...]

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 Can Trustee Fees be Recovered from Neglectful Trustee?
0
By Harry Margolis
In Trustee
Posted January 31, 2020

Can Trustee Fees be Recovered from Neglectful Trustee?

Question: My father created three small trusts when he died. The one for my sister had about $165,000 in it. My father appointed his attorney, who was also “his friend,” as trustee, [...]

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 Can I Charge for My Time Serving as Trustee for My Father?
0
By Harry Margolis
In Long-Term Care Planning, Revocable Trusts
Posted December 10, 2019

Can I Charge for My Time Serving as Trustee for My Father?

Question: My father lives in Los Angeles. I live in Canada. I am the trustee of his Health Care Living Trust as he is incapacitated. I am also the POA and sole beneficiary of his will. I fly back [...]

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 What is a Standard Trustee Fee?
40
By Harry Margolis
In Revocable Trusts, Trustee
Posted December 8, 2017

What is a Standard Trustee Fee?

Question: What is a Standard Trustee Fee? If no fee is mentioned in the trust documents, what would be a reasonable amount for a routine administration of the trust (percentage and/or amount)? [...]

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This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book
(An Amazon Prime Reading selection)

Read Sample Chapters

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