Quantcast
Home / Opinion Digests / Wills & Trusts – Trustee Fees – Trustee’s Omissions (access required)

Wills & Trusts – Trustee Fees – Trustee’s Omissions (access required)

Although a trustee failed to make tax filings and provide accountings and made one imprudent investment, he has managed the trust in good faith, increased its value and paid beneficiaries over $120,000, and a Norfolk Circuit Court says the trustee has not forfeited his right to reasonable compensation. The trustee kept meticulous records of the income ...