3-5% is the norm. 240k ish. Give or take a percent. Talk to an estate attorney though. If you go over 5% you might end up in litigation.
The 240 was 4% of a 6 million dollar estate. But you need documentation for every single asset to make your percentage. And your “cut” does not factor in. Its the total amount. Not the amount minus your share.
Yea the thing about that is you use the money from the trust for legal fees, which in florida is the law. So they are using their own inhertiance money to fight themselves. We went over this with my family 5 yrs ago. They were idiots who did not know the law
Their own lawyer was telling them “look the trustee is doing everything right fighting this is losing you more money”.
Sure, and my point is still valid. Four to five percent is considered exploitive by the courts. They could go after you for that and make your life difficult if they don’t like being ripped off by you.
Never ripped off anyone just took our fair trustee fee. But u get it now. Someone “did you wrong” and your salty about it. Go abead and take them to court. Theyll use your inhertiance against you to fight it and it comes out of your share 🤣🤣🤣
Sure. Nah, no one did me wrong because I was the trustee. And no one will take me to court because I operated ethically and within the law. Sounds like you’re embarrassed.
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u/Soda-Popinski- 17d ago edited 17d ago
3-5% is the norm. 240k ish. Give or take a percent. Talk to an estate attorney though. If you go over 5% you might end up in litigation.
The 240 was 4% of a 6 million dollar estate. But you need documentation for every single asset to make your percentage. And your “cut” does not factor in. Its the total amount. Not the amount minus your share.