B
buckhorn
Guest
My father's major beneficiary was a close friend that is also serving as trustee. In addition to the gifts to this person (with her name specified), he added a gift to the trustee (by title) but did not specify a trustee fee. My guess is, being a tax consultant, he saw the advantage of her being taxed only at 6% (the tax rate of the heirs). A friend has advised her to take a fee in addition to the "gift". She's not sure an additonal fee would be within the "spirit" of the Trust, as she thinks this extra gift was intended to be the compensation for her effort. What would your suggestion to her be? Thankyou for your time.