Rule 7.776. Compensation of trustees
In determining or approving compensation of a trustee, the court may consider, among other factors, the following:
(1)The gross income of the trust estate;
(2)The success or failure of the trustee's administration;
(3)Any unusual skill, expertise, or experience brought to the trustee's work;
(4)The fidelity or disloyalty shown by the trustee;
(5)The amount of risk and responsibility assumed by the trustee;
(6)The time spent in the performance of the trustee's duties;
(7)The custom in the community where the court is located regarding compensation authorized by settlors, compensation allowed by the court, or charges of corporate trustees for trusts of similar size and complexity; and
(8)Whether the work performed was routine, or required more than ordinary skill or judgment.
Rule 7.776 renumbered effective January 1, 2008; adopted as rule 7.756 effective January 1, 2003; previously amended effective January 1, 2007.