2011 New Mexico Statutes
Chapter 46A: Uniform Trust Code
Article 7: Office of Trustee, 46A-7-701 through 46A-7-709
Section 46A-7-708: Compensation of trustee.
46A-7-708. Compensation of trustee.
A. If the terms of a trust do not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the circumstances.
B. If the terms of a trust specify the trustee's compensation, the trustee is entitled to be compensated as specified, but the court may allow more or less compensation if:
(1) the duties of the trustee are substantially different from those contemplated when the trust was created; or
(2) the compensation specified by the terms of the trust would be unreasonably low or high.
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