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cargeoma writes:

In order to reduce his estate someone recomended to me that since I am a trustee and am managing his finaces that I can take out a certain % of his estate for payment of managing his affairs. Is this true and if so how much can I take out as payment without doing anything illegal? If my brother is also a trustee and is helping me in this effort, can he take out a portion as well?

I reply:

No one can answer this question without reading the trust documents. You should speak to a lawyer. The first question to ask him is whether trust funds may be used to pay his fees. Self-dealing transactions, while often permissible, can be dangerous to the trustee's financial well-being, so you really should speak to a lawyer with significant trust experience. --Bob
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