Section 15688 Of Article 5. Compensation And Indemnification Of Trustees From California Probate Code >> Division 9. >> Part 3. >> Chapter 1. >> Article 5.
15688
. Notwithstanding any other provision of this article and the
terms of the trust, a public guardian or public administrator who is
appointed as a trustee of a trust pursuant to Section 15660.5 shall
be paid from the trust property for all of the following:
(a) Reasonable expenses incurred in the administration of the
trust.
(b) Compensation for services of the public guardian or public
administrator and the attorney of the public guardian or public
administrator, as follows:
(1) If the public guardian or public administrator is appointed as
trustee of a trust that provides for the outright distribution of
the entire trust estate, compensation for the public guardian or
public administrator, and any attorney for the public guardian or
public administrator, shall be calculated as that provided to a
personal representative and attorney pursuant to Part 7 (commencing
with Section 10800) of Division 7, based on the fair market value of
the assets as of the date of the appointment, provided that the
minimum amount of compensation for the public guardian or the public
administrator shall be one thousand dollars ($1,000). Additionally,
the minimum amount of compensation for the attorney for the public
guardian or the public administrator, if any, shall be one thousand
dollars ($1,000).
(2) For a trust other than that described in paragraph (1), the
public guardian or public administrator shall be compensated as
provided in Section 15680. Compensation shall be consistent with
compensation allowed for professional fiduciaries or corporate
fiduciaries providing comparable services.
(3) Except as provided in paragraph (1), reasonable compensation
for the attorney for the public guardian or public administrator.
(c) An annual bond fee in the amount of twenty-five dollars ($25)
plus one-fourth of 1 percent of the amount of the trust assets
greater than ten thousand dollars ($10,000). The amount charged shall
be deposited in the county treasury.