Public-domain · open source
OpenJurist

N.H. Rev. Stat. Ann. § 564-B:7-708

Compensation of Trustee

Known as the New Hampshire Trust Code

The act spans §§ 564-B:10-1001 to 564-B:9-907 (130 sections).

Source. 2004, 130:1. 2006, 320:58, eff

(a) If the terms of a trust do not specify the trustee's, trust advisor's, or trust protector's compensation, each such fiduciary is entitled to compensation that is reasonable under the circumstances.

(b) If the terms of a trust specify the trustee's, trust advisor's, or trust protector's compensation, each such fiduciary is entitled to be compensated as specified, but the court may allow more or less compensation if:

(1) the duties of the trustee, trust advisor, or trust protector 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.

Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.