Question: My wife and I are interviewing potential trustees to take care of things when we are gone. How do trustees usually get paid? Do we pay them now or do they take fees from our accounts after ...

Finally, depending on how the trust is written, administration costs like legal defense, are charged against the trust and not to an individual beneficiary.

In simple terms, trustee fees are essentially a payment for services rendered. A trustee can be an individual or an organization, such as a bank, wealth management company or other financial ...

July 19, 2023 - In Siegel v. Fitzgerald, 142 S. Ct. 1770 (June 6, 2022) (Siegel), the United States Supreme Court held that Congress' 2018 increase in fees that must be paid by debtors in bankruptcy ...

A recent decision from the U.S. Court of Appeals for the Sixth Circuit may be creating a tsunami of concern to those attorneys and law firms that regularly represent bankruptcy trustees. The decision, ...

Attorneys fees totaling almost $1 million, which will be borne by the bankrupt hospital, “shock the conscience” in the sale of Mercy Iowa City hospital, a bankruptcy trustee said, according to a Nov.

Ramona Unified School District trustees agreed to increase the fees the district collects from developers to the maximum allowable level to make up for potential revenue lost when Measure GG failed in ...

The decision, in essence, takes an hourly fee arrangement between the trustee and the trustee's attorneys and adds a results-based contingency to the approval of any fee payment authorization by the ...