Current through Register Vol. 49, No. 8, August 19, 2024
Section 501C.0708 - 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.Added by 2015 Minn. Laws, ch. 5,s 7-8, eff. 1/1/2016.