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. (1) the duties of the trustee are substantially different from those contemplated when the trust was created; or
2. (2) the compensation specified by the terms of the trust would be unreasonably low or high.

History: Laws 2003, ch. 122, § 7-708.

ANNOTATIONS

Effective dates. — Laws 2003, ch. 122, § 11-1106 made the act effective July 1, 2003.