Notice Of Hearing On Application For Attorney Fees Page 32
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52to compute his trustee’s fee on the quarterly valuation basis, unless upon
application to the Probate Court, a change in fee valuation method is
allowed.
CORPORATE TRUSTEES:
A.
Except where the instrument creating the Trust provides for compensation,
a testamentary trustee may charge fees on the same basis as it charges for
living trusts.
B.
When assets are invested in common trust funds (pooled funds),
management fees may be charged within the fund rather than at the
account level. However, a trust’s portion of those fees may not exceed
those that may have been charged to the trust had it not participated in the
pooled funds.
C.
On each accounting where fees have been taken, an affidavit is required
which asserts that the fees charged and included in the accounting
represents those charges for similar services in living trusts.
SUP. R. 75
LOCAL RULES-SPECIAL PROVISIONS
RULE 75.1
NOTICE ON PROBATE OF WILL (O.R.C. 2107.19)
A.
Notice on admission of will to probate shall be given within two (2) weeks
of the admission to probate to comply with R.C. 2107.19. A copy of the
will shall be included in the notice to the legatees and devisees named in the
will.
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