Q: If a trustee spends out-of-pocket money on an estate can he reimbursed himself by deducting the money from the beneficia
If a person was made trustee of an estate after parents passed and the trustee paid out of pocket to fix up the home to sell it is the trustee allowed legally to deduct the money they spent on the house from the beneficiaries including electric bill
A: Yes. The trust is obligated to reimburse the trustee for such out-of-pocket expenses.
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