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§ 501c-0708 — Minnesota Law | CourtGPT
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Minnesota Legal Code

§ 501c-0708

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501C.0708 COMPENSATION OF TRUSTEE. (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: 2015 c 5 art 7 s 8