Minn. Stat. § 501C.0708

Current through 2024, c. 127
Section 501C.0708 - COMPENSATION OF TRUSTEE
(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.

Minn. Stat. § 501C.0708

2015 c 5 art 7 s 8

Added by 2015 Minn. Laws, ch. 5,s 7-8, eff. 1/1/2016.