Ark. Code Ann. » Title 28 Chapter 73
Arkansas Code Annotated

Ark. Code Ann. § 28-73-708 (2020)

Compensation of trustee

✓ Arkansas Code release r76: Acts through about 2020 (2021-2025 sessions missing)
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  1. 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.
  2. 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. Acts 2005, No. 1031, § 1.