Vermont § 708 - Compensation of trustee

§ 708. 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 Probate Division of the Superior 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. (c)(1) Factors for the Probate Division of the Superior Court to consider in deciding upon
  a trustee’s compensation shall include: (A) the size of the trust; (B) the nature and number of the assets; (C) the results obtained; (D) the time and responsibility required; (E) the expertise required; (F) any management or sale of real property or closely held business interests; (G) any involvement in litigation to protect the trust property; (H) the fee customarily charged in the locality for similar services; (I) the experience, reputation, and ability of the person performing the services; (J) the effect that the particular employment may have on the ability of the person employed
  to engage in other employment; (K) the time limitations imposed by the trustee or by the circumstances; and (L) other relevant factors. (2) The order of the factors in this subsection does not imply their relative importance. (Added 2009, No. 20, § 1; amended 2009, No. 154 (Adj. Sess.), § 236, eff. February 1, 2011.)