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How Much Is Too Much To Pay A Trustee

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Before starting this self study program, please go through the instructional document.

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

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 

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?

  • Accountant
  • Accounting Firm
  • Accounting Practice Owners
  • Certified Public Accountant
  • Certified Senior Advisor
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Estate Planners
  • Personal Financial Specialist (PFS)
  • Qualified Associate Financial Planner
  • Staff of Accounting Firm
  • Trust & Estate Specialist
  • Trust & Estate Tax Professional
  • Young CPA

Testimonial

4.5

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