[WSBAPT] Trustee Compensation
Brent Williams-Ruth
brent at williams-ruthlaw.com
Tue Dec 15 17:09:06 PST 2020
Greetings List -
Conducting a review of a Trust. Distribution is equal shares to the
children. But then as I got to page 11 and read through the compensation it
states:
The Trustee shall be entitled to receive, out of the income and principal
of the trust fund, Sixteen and Two-Thirds Percent (16.66%) of the Trust
Estate.....
There is revisionary language if the Trustee is a corporate trustee.
Just want to make sure that I am reading this correctly - take 16.66
percent off the top of the trust, pay the Trustee, then divide the
remainder into 25% shares and pay out?
I don't know why this is causing my brain to fritz - but would appreciate
validation or correction of my theory!
Thank you,
Brent
*Brent Williams-Ruth* (preferred pronoun: he/him)
*Attorney-At-Law*
*Law Offices of Brent Williams-Ruth, **a division of BWR Consulting, PLLC*
*New Address & Phones Effective December 1, 2020:** 500 S 336th Street,
Suite 214; Federal Way, WA 98003*
Office/Scheduling Phone: (253) 285-7751
Direct: (253) 285-7453
e-mail <Brent at Williams-RuthLaw.com> / website
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