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