State Codes and Statutes
Statutes > Virginia > Title-55 > Chapter-31 > 55-547-08§ 55-547.08. Compensation of trustee.
A. If the terms of a trust do not specify the trustee's compensation, atrustee is entitled to compensation that is reasonable under thecircumstances.
B. If the terms of a trust specify the trustee's compensation, the trustee isentitled to be compensated as specified, but the court may allow more or lesscompensation if:
1. The duties of the trustee are substantially different from thosecontemplated when the trust was created; or
2. The compensation specified by the terms of the trust would be unreasonablylow or high.
(2005, c. 935.)
