2010 Code of Virginia
Title 55 - PROPERTY AND CONVEYANCES.
Chapter 31 - Uniform Trust Code (55-541.01 thru 55-551.06)
55-547.08 - Compensation of trustee.
§ 55-547.08. 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.
(2005, c. 935.)
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