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2011 Vermont Code
Title 14A Trusts
Chapter 7 OFFICE OF TRUSTEE
§ 708 Compensation of trustee

Universal Citation:
14A VT Stats § 708. (2011 through Adj Sess)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

§ 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 probate 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.

(1) Factors for the probate division of the superior court to consider in deciding upon a trustee's compensation shall include:

(2) The order of the factors in this subsection does not imply their relative importance. (Added 2009, No. 20, § 1; amended 2009, No. 154 (Adj. Sess.), § 236, eff. February 1, 2011.)

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