Compensation of trustee.
If the terms of a trust do not specify the trustee’s compensation, a trustee is entitled to compensation that is reasonable under the circumstances. If the terms of a trust specify the trustee’s compensation, the trustee is entitled to be compensated as specified, but the court may allow more or less compensation if: The duties of the trustee are substantially different from those contemplated when the trust was created; or The compensation specified by the terms of the trust would be unreasonably low or high.
Annotations
Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208 Uniform Law: This section is based upon § 708 of the Uniform Trust Code. This section is referenced in § 19-1301.05.
Sourced from the DC Council Open Law Library (public domain).
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