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Code · Virginia · Title 64.2 · Chapter 7

Code of Virginia § 64.2-761. Compensation of trustee.

99 words·~1 min read·/va/title-64-2/chapter-7/64-2-761

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

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.
2005, c. 935 , § 55-547.08; 2012, c. 614 .
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