Is a fiduciary entitled to compensation?
State law governs compensation for fiduciaries, but most will provide that fiduciaries are entitled to reasonable compensation. Executors’ fees are subject to the approval of the Commissioner of Accounts, as are the trustees’ fees in connection with trusts under wills. We recommend that you investigate and compare the potential fees of the fiduciaries you are considering naming as attorneys-in-fact, executors and trustees.
