§ 15686. — 15686. (Amended by Stats. 2017, Ch. 319, Sec. 86.)

California § 15686.

• Jurisdiction: California
• Code PROB: Probate Code - PROB
• Div. 9.: DIVISION 9. TRUST LAW
• Part 3.: PART 3. TRUSTEES AND BENEFICIARIES
• Ch. 1.: CHAPTER 1. Trustees
• Art. 5.: ARTICLE 5. Compensation and Indemnification of Trustees

Text

(a)
As used in this section, “trustee’s fee” includes, but is not limited to, the trustee’s periodic base fee, rate of percentage compensation, minimum fee, hourly rate, and transaction charge, but does not include fees for extraordinary services.
(b)
A trustee shall not charge an increased trustee’s fee for administration of a particular trust unless the trustee first gives at least 60 days’ written notice of that increased fee to all of the following persons:
(1)
Each beneficiary who is entitled to an account under Section 16062.
(2)
Each beneficiary who was given the last preceding account.
(3)
Each beneficiary who has made a written request to the trustee for notice of an increased trustee’s fee and has given an address for receiving notice.
(c)
If a beneficiary files a petition under Section 17200 for review of the increased trustee’s fee or for removal of the trustee and serves a copy of the petition on the trustee before the expiration of the 60-day period, the increased trustee’s fee does not take effect as to that trust until otherwise ordered by the court or the petition is dismissed.

Legislative History

Amended by Stats. 2017, Ch. 319, Sec. 86. (AB 976) Effective January 1, 2018.