Vermont § 708 Compensation of trustee

Vermont Statutes

§ 708 — Compensation of trustee

Vermont § 708

Title 14ATitle 14A: Trusts

Ch. 7Chapter 007: Office of Trustee

This text of Vermont § 708 (Compensation of trustee) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 14A, § 708 (2026).

Text

(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 Probate Division of the Superior 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.

(c)(1) Factors for the Probate Division of the Superior Court to consider in deciding upon a trustee’s compensation shall include:

(A)the size of the trust;

(B)the nature and number of the assets;

(C)the results obtained;

(D)the ti

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(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 Probate Division of the Superior 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.
(c)(1) Factors for the Probate Division of the Superior Court to consider in deciding upon a trustee’s compensation shall include:
(A) the size of the trust;
(B) the nature and number of the assets;
(C) the results obtained;
(D) the time and responsibility required;
(E) the expertise required;
(F) any management or sale of real property or closely held business interests;
(G) any involvement in litigation to protect the trust property;
(H) the fee customarily charged in the locality for similar services;
(I) the experience, reputation, and ability of the person performing the services;
(J) the effect that the particular employment may have on the ability of the person employed to engage in other employment;
(K) the time limitations imposed by the trustee or by the circumstances; and
(L) other relevant factors.
(2) The order of the factors in this subsection does not imply their relative importance. (Added 2009, No. 20, § 1; amended 2009, No. 154 (Adj. Sess.), § 236, eff. February 1, 2011.)