California Probate Code

§ 15686

PROB § 15686 Effective Jan 1, 2018Div. 9 · Part 3 · Ch. 1 · Art. 5

Statute text

(a)As used in this section, “trustee’s fee” includes, but is not limited to, the trustee’s periodic base fee, rate of percentage compensation, minimum fee, hourly rate, and transaction charge, but does not include fees for extraordinary services.

(b)A trustee shall not charge an increased trustee’s fee for administration of a particular trust unless the trustee first gives at least 60 days’ written notice of that increased fee to all of the following persons:

(1)Each beneficiary who is entitled to an account under Section 16062.

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Legislative history

Amended by Stats. 2017, Ch. 319, Sec. 86. (AB 976) Effective January 1, 2018.