Most trustees are entitled to payment for their work managing and distributing trust assets—just like executors of wills. Typically, either the trust document or state law says that trustees can be paid a "reasonable" amount for their work.

How much money does a trustee get?

Most corporate Trustees will receive between 1% to 2%of the Trust assets. For example, a Trust that is valued at $10 million, will pay $100,000 to $200,000 annually as Trustee fees. This is routine in the industry and accepted practice in the view of most California courts.

Is a trustee a paid position?

Trustees are paid out of the Trust assets, and occasionally (though not often) the Trust will define what the compensation amount should be. Understanding the role and responsibilities a Trustee must take on is key in order for the job to be well done.