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Compensation · 6 min lekti
The rule
20 Pa.C.S. §7768 provides that, where neither the trust's terms nor a written agreement signed by the settlor or another authorized person specifies it, a trustee is entitled to compensation that is reasonable under the circumstances. Pennsylvania has no fee schedule.
Neither a compensation term nor a fee agreement governs payment from principal unless it explicitly says so (20 Pa.C.S. §7768). Where compensation is specified, the court may allow more or less in the circumstances the section states.
Reimbursement is separate
A trustee is entitled to reimbursement from the trust property, with interest as appropriate, for expenses properly incurred in the administration (20 Pa.C.S. §7769). Hiring an accountant or an attorney for the administration is an expense, not compensation.
Why the record matters
Paying yourself is a transaction in which your personal and fiduciary interests meet, so the duty of loyalty is in the room (20 Pa.C.S. §7772). A court may reduce or deny compensation as a remedy for a breach of trust (§7781). A record of the time spent, the tasks and the basis for the amount — shown in the financial reports a current beneficiary may request (§7780.3(i)(5)) — is what lets a beneficiary see the number before questioning it.
Lwa yo, mo pou mo
Compensation of trustee - UTC 708
20 Pa.C.S. §7768 ↗Eksplikasyon klè e senp; tèks egzak lwa a poko ateste nan bibliyotèk nou an. Gade lwa ofisyèl la nan lyen ki anwo a.
Reimbursement of expenses - UTC 709
20 Pa.C.S. §7769 ↗Eksplikasyon klè e senp; tèks egzak lwa a poko ateste nan bibliyotèk nou an. Gade lwa ofisyèl la nan lyen ki anwo a.
Duty of loyalty - UTC 802
20 Pa.C.S. §7772 ↗Eksplikasyon klè e senp; tèks egzak lwa a poko ateste nan bibliyotèk nou an. Gade lwa ofisyèl la nan lyen ki anwo a.
Remedies for breach of trust - UTC 1001
20 Pa.C.S. §7781 ↗Eksplikasyon klè e senp; tèks egzak lwa a poko ateste nan bibliyotèk nou an. Gade lwa ofisyèl la nan lyen ki anwo a.
Kesyon moun poze souvan
How much can a Pennsylvania trustee charge?
What the trust's terms or a written fee agreement specify; otherwise compensation that is reasonable under the circumstances (20 Pa.C.S. §7768). There is no statutory percentage.
Can a Pennsylvania trustee take compensation from principal?
Neither a compensation term nor a fee agreement governs payment from principal unless it explicitly says so (20 Pa.C.S. §7768).
Are a trustee's expenses compensation in Pennsylvania?
No. Expenses properly incurred in the administration are reimbursed from the trust property (20 Pa.C.S. §7769), separately from compensation.
Lekti ki gen rapò
Sant Aprantisaj la se enfòmasyon jeneral sou lwa Pennsilvani — se pa konsèy legal, e li pa ranplase konsèy yon avoka Pennsilvani ki gen lisans sou reyalite pa ou. TrusteeClear se yon lojisyèl, pa yon kabinè avoka.