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Are Trustees compensated for the services they render?

April 26, 2017Compensated render Services TRUSTEES

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Are Trustees compensated for the services they render?

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The Trustee generally is entitled to reasonable compensation for services rendered. If you are setting up the Trust, you generally can set the compensation, or you can provide that the Trustee shall serve without compensation. This is often the case when a family member is named as the Trustee.