Nebraska § 30-3864 (UTC 708) Compensation of trustee

Nebraska Statutes

§ 30-3864 — (UTC 708) Compensation of trustee

Nebraska·Ch. 30 Decedents' Estates; Protection of Persons and Property

(UTC 708) (a) If the terms of a trust do not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the circumstances.

(b)If the terms of a trust specify the trustee's compensation, the trustee is entitled to be compensated as specified, but the court may allow more or less compensation if:

(1)the duties of the trustee are substantially different from those contemplated when the trust was created; or

(2)the compensation specified by the terms of the trust would be unreasonably low or high.

Free access — add to your briefcase to read the full text and ask questions with AI

(UTC 708) (a) If the terms of a trust do not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the circumstances.
(b) If the terms of a trust specify the trustee's compensation, the trustee is entitled to be compensated as specified, but the court may allow more or less compensation if:
(1) the duties of the trustee are substantially different from those contemplated when the trust was created; or
(2) the compensation specified by the terms of the trust would be unreasonably low or high.

Nebraska § 30-3864 ((UTC 708) Compensation of trustee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.