CODE OF VIRGINIA

COMPENSATION OF TRUSTEE (§ 64.2-761)

A. If the terms of a trust do not specify the trustee’s compensation, a
trustee is entitled to compensation that is reasonable under the circumstances.

B. If the terms of a trust specify the trustee’s compensation, the trustee
is entitled to be compensated as specified, but the court may allow more or less
compensation if:

   1.  The duties of the trustee are substantially different from those
   contemplated when the trust was created; or

   2.  The compensation specified by the terms of the trust would be unreasonably
   low or high.

HISTORY: 2005, c. 935, § 55-547.08; 2012, c. 614.