State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_32 > GS_32-54

§ 32‑54.  Compensationof trustees.

(a)        If the terms of thetrust do not specify the trustee's compensation, the trustee is entitled toreceive from the assets of the trust compensation that is reasonable under thecircumstances.

(b)        All of thefollowing factors shall be considered in determining reasonableness ofcompensation:

(1)        The degree ofdifficulty and novelty of the tasks required of the trustee.

(2)        The responsibilitiesand risks involved.

(3)        The amount andcharacter of the trust assets.

(4)        The skill,experience, expertise, and facilities of the trustee.

(5)        The quality of thetrustee's performance.

(6)        Comparable chargesfor similar services.

(7)        Time devoted toadministering the trust.

(8)        Time constraintsimposed upon the trustee in administering the trust.

(9)        Nature and costs ofservices delegated to others by the trustee.

(10)      Where more than onetrustee is serving, the reasonableness of the total fees paid to all trustees.

(11)      Other factors whichthe trustee or the clerk of superior court deems to be relevant. (2004‑139, s. 2.)