How Much Is Too Much To Pay A Trustee CPE Self-Study Webinar

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How Much Is Too Much To Pay A Trustee

Reviewed

June, 2023

Josh Yager

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?

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 Online CPE Webinar 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?

Click to access more webinars on Free CPE webinar | Trust & Estate Planning CPE Webinar | Free Ethics CPE Courses

Overview

How Much Should a Trustee Be Paid?

1 mins
Compliance Liabrary

8 mins
Skill, Expertise or Experience

21 mins
Risk and Responsibility of the Trustee

30 mins
More Than Ordinary Skill or Judgement

45 mins

Webinar Qualifies For

1 CPE Credit of Specialized Knowledge for Certified Public Accountants (CPA-US)
1 General Credit of Specialized Knowledge for Accountant/Bookkeeper/Tax Professionals
1 CPD Credit of Estate Planning for Personal Financial Specialist (PFS)
1 CPE Credit of Estate Planning for Chartered Financial Consultant (ChFC)
1 CE Credit of Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA)
1 CPD Credit for Trust and Estate Practitioners (TEP)
1 CPE Credit of Estate Planning for Retirement Income Certified Professional (RICP)
1 CPE Credit of Estate Planning for Financial Services Certified Professional (FSCP)
1 CPE Credit of Estate Planning for Wealth Management Certified Professional (WMCP)
1 CPE Credit of Estate Planning for Chartered Advisor in Senior Living (CASL)
1 CPE Credit of Specialized Knowledge for Iowa Licensed Public Accountant (IA-LPA)
1 CPE Credit of Specialized Knowledge for Maine Licensed Public Accountant (ME-LPA)
1 CPE Credit of Estate Planning for Chartered Special Needs Consultant (ChSNC)
1 CPE Credit of Specialized Knowledge for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Josh Yager

Principal, Anodos Advisors

Josh Yager is a recognized expert on the management and oversight of trust assets. He lectures and writes extensively on the policies, procedures, and practices for the prudent administration of trusts. He has been invited to speak to various Bar associations, CPA chapters, estate planning councils, Professional Fiduciary Association forums and AICPA national events. Josh has testified on prudent governance practices before in the California Courts, the Texas Pension Review Board and the Alaska Retirement Management Board. Josh has led governance consulting engagements for the boards of public pension funds responsible for assets in excess of $30b, foundation and endowment boards with assets in excess of $250m and for individual trustees with modestly funded trusts.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.