§ 633A.4111 — Notice of increased trustee’s fee

Iowa § 633A.4111

• Jurisdiction: Iowa
• Title XV: JUDICIAL BRANCH AND JUDICIAL PROCEDURES
• Ch. 633A: IOWA TRUST CODE

Text

1. As used in this section, “trustee’s fee” includes a trustee’s periodic base fee, rate of
percentage compensation, minimum fee, hourly rate, and transaction charge, but does not
include fees for extraordinary services.
2. A trustee shall not charge an increased trustee’s fee for administration of a trust unless
the trustee first gives at least thirty days’ written notice of the increased fee to all of the
following beneficiaries:
a. Each qualified beneficiary.
b. Each beneficiary who was given the last preceding accounting.
c. 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 by mail.
3. If a beneficiary files a petition for review of an increased trustee’s fee or for removal
of a trustee and serves a copy of the petition on the trustee within the thirty-day period,
the increased fee does not take effect until otherwise ordered by the court or the petition is
dismissed.