Trustee Comp and an Analysis of CA Rules of Court 7.776

The Probate Litigation Subcommittee of the Estate Planning, Probate and Trust Section presents

How Much is Too Much? Trustee Compensation and an Analysis of California Rules of Court 7.776

 
Date Wednesday, May 5, 2021 
Program 12:00 - 1:15 p.m.
MCLE 1 Hour in Estate Planning, Trust & Probate Law Specialization Law

Speakers

Josh Yager, Esq., CFP, ChFC
Anodos
Peter S. Myers, Partner
Fox Rothschild, LLP
 

Few trustees have a good answer to the question “How much Should I be paid”. Their professional advisors often disagree. Some say an hourly rate, some say a percent of the trust assets, and others say a flat retainer. Due to this general lack of agreement few can provide a thoughtful or comprehensive explanation of why they are getting paid what they are. Not surprisingly, many beneficiaries and their professional advisors frequently object to whatever the answer may be. Disagreements about the trustee’s compensation are exacerbated during periods of heightened financial uncertainty. This presentation seeks to provide a road map for both trustees and beneficiaries, of how to answer the ubiquitous question, “How much should a trustee be paid?”
 

This presentation answers the following questions:

  • Should I charge an hourly rate and if so in what amount?
  • Should I charge a percent of the trust portfolio like the corporate trustees do?
  • If I delegate investment duties to a third party, should my fee go down?
  • Can I charge more if I serve a particularly “high demand ”beneficiary?
  • How do I determine what the “custom in the community” is?
  • Is there any statutory guidance on what my fee should be?

 
Section Co-Chairs

Alicia Gámez, Law Office of Alicia M. Gámez
James Patrick Lamping, LawOffice of James P. Lamping
Howard Slavitt, Coblentz, Patch, Duffy & Bass


Event Code: G210509

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Cost

 FREE BASF Law Student
 $40 Section Member
 $50 BASF Member
 $65 Nonmember
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MCLE Notice

To receive MCLE credit, you must sign in during the designated MCLE registration period. This activity is approved for Minimum Continuing Legal Education credit by the State Bar of California. BASF is a certified provider: Provider #103

Accessibility

People with disabilities and/or special requests should contact BASF regarding reasonable accommodations.

When
5/5/2021 12:00 PM - 1:15 PM
Where
Online only CA
 

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