CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

How much is too much to pay a trustee

  • CPA (CA)
  • CPA (US)
  • CPA/PFS
  • TEP
  • CSA
How much is too much to pay a trustee

1 Credit

FREE

Subject Area

Specialized Knowledge

Webinar Qualifies For

1 CPE credit of Specialized Knowledge for all CPAs

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Course Description

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 online CPE webinar answers the following questions:

  • Should I charge an hourly rate and if so in what amount?
  • Should I charge a percentage of the trust portfolio as 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?

Recommended for:

This online CPE webinar is recommended for trustees, CPAs and professional advisors working with trusts.

Learning Objectives

  • What factors are to be considered as part of a trustee’s compensation analysis?
  • How do local rules of court effect a trustee compensation analysis?
  • Review of Corporate trustee fees as guidance for individual trustee fees.
  • Where are Extraordinary Fees appropriately charged/awarded?

Who Should Attend?

  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Testimonial

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(
    [average] => 4.5385
    [no_of_record] => 130
)
 

4.5

(130)
58%
37%
5%
0%
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KS

Very interesting trust information

CZ

It was very informative. He directed us to steps on each particular topic. He covered why, what, and how. I was very pleased with the information and can use this in the near future.

CM

Well done Obviously knowledgeable speaker.

MEM

Great presentation, very relevant and interesting

CB

Excellent class.

RS

Presenter did an excellent job. Clear voice with great examples. Need more like him.