§ 32-53 Definitions
§ 32-54 Compensation of trustees
§ 32-55 Notice
§ 32-56 Payment of compensation without court order
§ 32-57 Judicial review; payment of compensation and other payments with court order
§ 32-58 Reimbursement for expenses incurred
§ 32-59 Compensation of other fiduciaries
§ 32-60 Effect of provisions in instrument
§ 32-61 Counsel fees allowable to attorneys serving as fiduciaries
§ 32-62 Applicability
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Terms Used In North Carolina General Statutes > Chapter 32 > Article 6 - Compensation of Trustees and Other Fiduciaries

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Fiduciary: A trustee, executor, or administrator.
  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
  • Trustee: A person or institution holding and administering property in trust.