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New Mexico Statutes Chapter 46A. Uniform Trust Code § 46A-7-708. Compensation of trustee

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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.

Cite this article: FindLaw.com - New Mexico Statutes Chapter 46A. Uniform Trust Code § 46A-7-708. Compensation of trustee - last updated May 06, 2021 | https://codes.findlaw.com/nm/chapter-46a-uniform-trust-code/nm-st-sect-46a-7-708.html


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