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Code · Nebraska · Chapter 30 — Decedents' Estates; Protection of Persons and Property

30-3864. (UTC 708) Compensation of trustee.

91 words·~1 min read·/ne/chapter-30/30-3864

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.
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