Computation Of Attorney Fees For Estates Page 18
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30(C)
A separate schedule of the computation of a trustee’s compensation shall
be filed with the Court at the time of payment of the fee.
(D)
The compensation of co-trustees in the aggregate shall not exceed the
compensation which would have been paid if only one trustee had been
performing the duties except where the instrument under which the co-
trustees are acting provides otherwise.
(E)
Except for good cause shown, neither compensation for a trustee, nor fees
to the counsel representing the trustee, will be allowed while the trustee is
delinquent in the Account or accounting required by R.C. 2109.30.
COUNTY LOCAL RULE 43.1
The compensation allowable annually to a testamentary trustee
accountable to the Probate Court, without prior application to the Court for
approval, shall be in accordance with the following schedule, unless
otherwise provided for in any instrument creating the trust relationship.
(A)
INCOME FEE during accounting period.
6% of the first $10,000.00 or part thereof;
5% of the next $10,000.00 or part thereof;
4% of the balance.
NOTE: CONVERSION OF ASSETS TO CASH IS NOT
CONSIDERED INCOME.
(B)
PRINCIPAL FEE
$3.00 per thousand of first $100,000.00 or part thereof;
$2.50 per thousand of next $200,000.00 or part thereof;
$1.50 per thousand of next $500,000.00 or part thereof;
$1.00 per thousand on balance of Corpus.
Investment and re-investment of corpus, including conversion of corpus to
cash shall not be considered income.
Receipt of corpus by trustee shall not be considered income.
Each trustee shall submit, together with the Account which reflects the
payment of the fee, a schedule setting forth the basis upon computing the
fee, which shall include the “Fair Market Value” upon which the principal
fee calculation is based. The principal fee shall be prorated if adjustments
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