I am interested in getting some more info on this topic.
Drew, I am also in PA.
I am the "family trustee" of my late mother's trust, along with an "independent trustee," who is a lawyer with the firm that drew up all the estate papers. I have not discussed this with him, because he fights me tooth and nail whenever I try to get certain covered expenses paid out of the trust.
The trust states, inter alia, that the "trustees shall be entitled to receive annual compensation for services hereunder, but not in excess of of such compensation as would be approved by a court of competent jurisdiction ...." (emphasis added).
I did receive a one-time random fee from the trust right after my mother's death. But based on this language, does it seem that I may be entitled to receive annual compensation from the trust (simply because I am a trustee)? And if so, does anyone have any idea what percentage might be "reasonable?"
I welcome your input (and understand that such input would not be "legal advice"). :-) Thank you!