Category: Articles, Elder Law


Trust expenses and trustee fees can come as a shock to those receiving assets from a trust. Many beneficiaries wrongly believe that the person creating the trust has already paid for all trust costs.

This lack of knowledge can cause problems among family members. To prevent this and properly manage expectations, it’s important to ensure everyone knows the trustee’s responsibilities and compensation.

Most states allow trustees, whether corporate, professional, or personal, to receive compensation for their time and efforts in managing the trust. The fee varies but is typically 1-3% of the trust’s value.

In addition to the fee, the trustee is entitled to reimbursement for expenses incurred in performing their duties. An annual trust accounting should be provided to each beneficiary to show all income and expenses and to ensure that assets are properly managed and distributed.

To give your family peace of mind and avoid conflicts, it’s important to plan in advance and ensure everyone is on the same page. Upon your passing, emotions will be high, and a clear understanding of the trust can provide comfort during a difficult time.

Contact us to learn more about how we can help you and your family.


December 1, 2023

When it comes to pets, they’re not just animals; they’re part of the family. So, have you ever paused to ...

Why You Should Consider a Pet Trust for Your Furry Friends

November 24, 2023

We often hear about exercise and nutrition as keys to healthy aging, but what about social connections? Maintaining a vibrant ...

Why Social Connections Are Key to Healthy Aging

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
Register for Our Upcoming Event!

Age Like You Mean It!


Planning for the Second Half of Life

Our clients love our Zoom concierge meetings! We offer closed captions for the hearing impaired - both in meetings and in the webinar.

You're Not Alone Book Series

A new informational guide for those who have received an Alzheimer’s Diagnosis and their families.

10.0Helayne Levy Payne
Helayne Levy PayneReviewsout of 45 reviews