Massachusetts General Laws ch. 203E sec. 708 – Compensation of trustee
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Section 708. Compensation of trustee
Terms Used In Massachusetts General Laws ch. 203E sec. 708
- Trustee: A person or institution holding and administering property in trust.
(a) If the terms of a trust do not specify the trustee’s compensation, a trustee shall be entitled to compensation that is reasonable under the circumstances.
(b) If the terms of a trust specify the trustee’s compensation, the trustee shall be 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.