Compensation of trustee

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72-38-708. Compensation of trustee. (1) 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.

(2) 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:

(a) the duties of the trustee are substantially different from those contemplated when the trust was created; or

(b) the compensation specified by the terms of the trust would be unreasonably low or high.

History: En. Sec. 86, Ch. 264, L. 2013.


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