In my parents' Family Revocable Trust, my brother, the Trustee of my parents' Will shall be compensated for services performed in the administration of this Trust not to exceed three percent (3%) of the Trust estate.
Question: is this 3% each year or a one time only compensation?
Thank you for helping me out.
It is annually! It can add up, but as the wife of a trustee for his father's complex estate and several trusts, it's not enough.