Q: Is the typical cost for administering a Trust in NC done at an hourly rate or as a % share of the assets?
The trust is for a deceased relative. I am the Trustee, live out-of-state, and may need help to administer it correctly.
A: Most trust administration is invoiced on an hourly basis, but you could certainly speak with different attorneys to determine if one is willing to handle the matter for a percentage of the assets. It would really depend on how much work there is to be done and whether the percentage share of the assets would compensate the lawyer(s) for his/her/their services performed. If the lawyer would lose money handling it for a percentage of the estate, then it's less likely anyone will agree to do the work for that price, but it's certainly possible! Give it a shot! Best wishes.
A:
NC= Northern California or North Carolina? If Carolina, you need to post in that state's category. Consult with a Probate/Wills/Trust attorney. What does the Trust say is the compensation?
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