Texas Property Code 112.087 – Compensation of Trustee
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(a) Except as provided by Subsection (b) and unless a court, on application of the authorized trustee, directs otherwise, the trustee may not exercise a power under § 112.072 or 112.073 solely to change trust provisions regarding the determination of the compensation of any trustee.
(b) An authorized trustee, in connection with the exercise of a power under § 112.072 or 112.073 for another valid and reasonable purpose, may bring the trustee’s compensation into conformance with reasonable limits authorized by state law.
Terms Used In Texas Property Code 112.087
- Trustee: A person or institution holding and administering property in trust.
(c) The compensation payable to an authorized trustee of the first trust may continue to be paid to the trustee of the second trust during the term of the second trust and may be determined in the same manner as the compensation would have been determined in the first trust.
(d) An authorized trustee may not receive a commission or other compensation for the distribution of a particular asset from a first trust to a second trust under § 112.072 or 112.073.