14A V.S.A. § 708
This is the official text of 14A V.S.A. § 708, part of Vermont’s V.S.A — part of the compiled statutory law of Vermont, published by the state as "V.S.A." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 708. Compensation of trustee
Official statutory text
(a) 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.
(b) If the terms of a trust specify the trustee's compensation, the trustee is entitled to be compensated as specified, but the Probate Division of the Superior 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.
(c)(1) Factors for the Probate Division of the Superior Court to consider in deciding upon a trustee's compensation shall include:
(A) the size of the trust;
(B) the nature and number of the assets;
(C) the results obtained;
(D) the time and responsibility required;
(E) the expertise required;
(F) any management or sale of real property or closely held business interests;
(G) any involvement in litigation to protect the trust property;
(H) the fee customarily charged in the locality for similar services;
(I) the experience, reputation, and ability of the person performing the services;
(J) the effect that the particular employment may have on the ability of the person employed to engage in other employment;
(K) the time limitations imposed by the trustee or by the circumstances; and
(L) other relevant factors.
(2) The order of the factors in this subsection does not imply their relative importance.
(b) If the terms of a trust specify the trustee's compensation, the trustee is entitled to be compensated as specified, but the Probate Division of the Superior 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.
(c)(1) Factors for the Probate Division of the Superior Court to consider in deciding upon a trustee's compensation shall include:
(A) the size of the trust;
(B) the nature and number of the assets;
(C) the results obtained;
(D) the time and responsibility required;
(E) the expertise required;
(F) any management or sale of real property or closely held business interests;
(G) any involvement in litigation to protect the trust property;
(H) the fee customarily charged in the locality for similar services;
(I) the experience, reputation, and ability of the person performing the services;
(J) the effect that the particular employment may have on the ability of the person employed to engage in other employment;
(K) the time limitations imposed by the trustee or by the circumstances; and
(L) other relevant factors.
(2) The order of the factors in this subsection does not imply their relative importance.
Status: in_force · Read it on the official government site
Need a lawyer in Vermont?
Find a Vermont lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.