Are Percentage Trust Termination Fees Appropriate
Jeffrey M. Sklarz and Robert Whitman
PROBATE& PROPERTY NOVEMBER/DECEMBER 2001 49 In an era when trust beneficiaries have gained a sharper awareness of the fees charged by trustees, the practice of charging a fee based on a percentage of trust principal upon the termination of the trustee’s services has come under particular scrutiny. Termination of a trustee’s services may result because of the termination of the trust under its governing instrument, the voluntary resignation of the trustee, or the involuntary removal of the trustee...