267 Mass. 185 | Mass. | 1929
These are appeals by the executors of the will of William A. Gaston and by Frederic E. Snow from decrees of the Probate Court disallowing certain items of the accounts filed by Gaston and Snow, trustees under the will of Frank E. Simpson, and ordering that the sums designated be paid from the estate of Gaston to Snow and to Edgar N. Hunt.
Frank E. Simpson by his will named Gaston, Hunt," and one other person, for whom Snow was substituted, as trustees of the trusts described. Hunt for several years had been the confidential secretary of Simpson and was familiar with his investments. In 1918, according to the findings of the judge, Gaston informed Hunt that as managing trustee he was entitled to three fifths of the entire compensation to be
Hunt was named , by the testator Simpson as one of his trustees. His responsibilities were equal with those of his fellow trustees. Gaston could not arbitrarily prevent Hunt from doing his part of the work or sharing in the responsibility. As Hunt was competent, he could not be deprived of his interest in the direction of the trusts by a fellow trustee. The total compensation to be allowed the trustees, and the amount each trustee was to be paid, were questions for the Probate Court to decide. Gaston could not act as managing trustee and determine the compensation he was to receive and the share to be paid to each of his fellow trustees.
In 1918, when Gaston insisted that he was to manage the trusts and decided the question of compensation, Hunt should have then sought his remedy in the Probate Court. He could have asked for relief; that the provisions of Simpson’s will should be carried out and he be permitted to perform the duties imposed on him by the will and to share in the performance of the duties arising out of the trust. He did not do this. He cannot now receive one third of the entire compensation, when he did very little or none of the work from 1918 to December, 1925.
Each trustee is entitled to such reasonable compensation as the court may order, but a trustee is to be awarded compensation only, for services performed by him. By G. L. c. 206, § 16, executors and trustees shall have such payment
Hunt and Snow should be allowed such payments as are reasonable for the services performed by them. They were not entitled to two thirds of the total amount merely because they have been appointed joint trustees. Their shares depended on the value and extent of the services they performed. It should be determined what is reasonable compensation; this is a question for the judge of probate to decide, allowing each of the trustees, Gaston, Snow and Hunt, just and reasonable payment measured by the services performed. If any one has received too much the judge should order such excess returned to the trust estate.
The judge should also decide whether the amount entered in the accounts as paid to Hunt is fair compensation for the services he performed. If he finds the amount fair he should allow the item; if he finds it too small or too large he should order the accounts to be changed accordingly. None of the trustees is to be paid merely because he has been appointed to administer the trust; he is to be paid on the ground that he has rendered service in addition to the nominal service and responsibility of trustee.
Ordered accordingly.