§ 53-12-210. Compensation of Trustee
Trustees shall be compensated in accordance with either the trust instrument or any separate written agreement between the trustee and the settlor. After the settlor’s death or incapacity or while the trust is irrevocable, the trust instrument or the agreement relating to such trustee’s compensation may be modified as follows: The trustee and all qualified […]
§ 53-12-211. Compensation of Cotrustees and Successor Trustees
Unless any separate written agreement provides otherwise: Each cotrustee shall be compensated as specified by the terms of the trust, as each trustee may have agreed or in accordance with a published fee schedule, and such compensation among cotrustees shall not be apportioned unless they shall agree otherwise; and The annual fee paid pursuant to […]
§ 53-12-212. Extra Compensation
A trustee who is receiving compensation as described in subsection (c) of Code Section 53-12-210 may petition the court for compensation that is greater than the compensation allowed under that subsection. Notice of the petition for extra compensation shall be given to all qualified beneficiaries. After hearing any objection, the court shall allow such extra […]
§ 53-12-213. Reimbursement of Expenses
A trustee shall be entitled to be reimbursed out of the trust property for reasonable expenses that were properly incurred in the administration of the trust. History. Code 1981, § 53-12-213 , enacted by Ga. L. 2010, p. 579, § 1/SB 131.
§ 53-12-214. Compensation From Business Enterprise
Any trustee may receive compensation for services, as specified in this subsection, from a corporation or other business enterprise, where the trust estate owns an interest in the corporation or other business enterprise, provided that: The services provided by the trustee to the corporation or other business enterprise are of a managerial, executive, or business […]