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Trustees: To Pay Or Not To Pay?

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Law in a nutshell

The trustee’s role is fiduciary so, at common law, trustees are not to be paid for acting as such. Alongside the many lay trustees, there are professional trustees who are able to bring their expertise to add valuable benefits to trusts and estates. Recognising this reality, the law permits professional trustees to be remunerated in certain circumstances. 

What's covered?

When trustess can or cannot be paid, how you use this in the law and case law examples.

Estimated length

15 mins

Recommended knoweldge level  

Beginner

Knowledge check

3 questions at the end to check your understanding