Can you find documentation of a legal case where an Interim Trustee
(an individual) was named by the court in a disputed estate settlement
and was replaced by a Trustee (a firm) six months later? The newly
named Trustee will be paid a 2% fee which computes to over $50,000,
while the Interim Trustee was "allowed" to take $100 per week for the
24 weeks. Regardless of the time it takes to settle, the Trustee's 2%
remains a flat fee - for 2 weeks or 2 years. I'm looking for a similar
case where the Interim Trustee was paid in the same percentage
fashion.  Seems fair to me!

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Request for Question Clarification by pafalafa-ga on 05 Apr 2005 19:54 PDT

Two question:

--In what state did this occur?

--the trusteeship was for an estate in probate, I presume, rather
than, say, a bankruptcy proceeding.  Could you please confirm this.

Thanks.

pafalafa-ga

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Clarification of Question by divinity-ga on 05 Apr 2005 21:48 PDT

State of California.  It's the personal and private estate of an
individual in an irrevocable trust. For 30 years the daughter (only
living heir now) was the
successor trustee.  She and the father had a disagreement and, out of anger,
he wrote her out of the will and increased the gift of $200,000 to a
University to giving them the bulk of the entire estate. In the last
months of his life he and the daughter patched their problems and he
visited his attorney to reinstate the will and trusts as they were
before.  Time ran out and he died before he could legally get an
amendment.  There exits only his letter addressed to this attorney
with his wishes and the position of the Unviersity now is that the
letter is not authentic. They have demanded the daughter (who was
named interim trustee by the court) be replaced by a neutral party who
will received 2% of the estate.  Maybe more than you wanted or needed,
but it gives you the whole picture.  Thanks for your help!