This is not the answer you want, but I strongly urge you to contact an experienced estate planning attorney in your mother's state of residence. Due to self-dealing rules, it is vitally important that you determine the reasonableness of any fee you take, as well as whether you need to get the approval of a court or, at a bare minimum, the remaindermen of the trust (the beneficiaries of the trust after your mother passes away) before making any payment thereof. Good luck to you.
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I agree with Attorney Pankowski. You are entitled to "reasonable" compensation. What is reasonable is usually developed through caselaw, at least in the State where I practice. Whether a percentage is reasonable or not is up to the judge, if someone complains. If no one complains about what you charge, you will probably be fine. This is the kind of subject, however, that illustrates the need for the assistance of an attorney. The attorney could have guided you on this issue, from the start. Given the possibility for personal liability if you do anything wrong, I do not know why you would want to take any risks.
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Good Answers above. However, you do not necessarily need court approval. The best course of action would be to just disclose the compensation you intend to tak and get approval of the other beneficiaries etc. Even though you are not required to account to anyone except the current income beneficiary (which sounds like your mother), I would also recommend providing accountings to the other beneficiaries to establish trust and avoid any complaints later.
Managing real estate is time consumming and you are entitled to be paid. If you were not doing it and it was a professional fiduciary instead, they would charge a significant fee. Banks will typically charge a percentage fee depending on the assets and total value. You could talk to a bank and a professional fiduciary and ask them to quote you a fee if they were to manage and use that for refernce. Somewhere between one-half and one-percent of the assets being managed would seem appropriate. Remember there's also risk to you as trustee so that is another reason you should be fairly compensated. I agree with the others that you should consult local attorney for more specific recommendations. Good Luck
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Typically, in California, the trustee receives an annual fee based on a percentage of the value of the Trust Estate, excluding the home. Institutional Trustees, like banks and trust companies, and professional private fiduciaries usually charge 1 to 1.5 % annually. Typically, an additional fee (for example $2500) can be charged for the house. However, if it is an elder case, the fees could go as high as 2% per year. Non-professional family member trustees can usually charge 1/2 percent because they also need to hire attorneys, CPA's and other professionals to accomplish the same work. Of course, if the beneficiaries object, you will need to justify your fees.
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For a discussion of trustee fees, see the California Probate Code Sections 15680-15688.Ask a similar question