How Much Should I Pay the Trustee of My Pet Trust?
How much should I pay the Trustee of the pet trust for my cat, Belinda? (I realize that I would not actually be around…so I will not be paying!)
Kathy St. Augustine, Florida
Kathy, this is a very complex question.
It will depend upon the amount of duties and responsibilities that you place upon the trustee.
How extensive are the instructions for the trustee?
What is the amount of money in the trust?
How many pets are involved?
One method used is to try to estimate the number of monthly hours that the Trustee will be actively involved and simply pay a fair hourly rate as the monthly compensation.
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