Majority
One of the beneficiaries of a trust in the above estate, entitled to one-tenth of the net income thereof, appeals from an order fixing the compensation of trustees for the period covered by their sixth “account current,’’
The value of the estate involved aggregates $340,000, with an annual income of approximately $27,000, which income is mostly derived from an oil lease covering the realty belonging to the estate. The services rendered by the trustees, during the period in question, included cares and responsibilities far greater than the mere collection of the royalties. There is nothing in the record before us that discloses any abuse of discretion by the trial court in fixing the compensation herein. On the contrary, the nature and amount of the services rendered seem to justify the' allowance as made.
This same question arose in the Estate of Duffill, 188 Cal. 536 , at page 547 [ 206 Pac. 42 , 47], in which the court said: “. . . the value of the services of the respondent, under the circumstances of this ease, should not be determined by comparing them with those of an executor or administrator. A trustee of a trust, such as we are considering, is subject to greater responsibilities than a personal representative of a deceased person of an estate of equal size.” And at page 546: ‘‘Our code directs that the trustee shall be allowed ‘such compensation for services as the court may adjudge to be just and reasonable’ (Code Civ. Proc., sec. 1700), which in effect leaves the fixing of the amount thereof to the judicial discretion of the court, to be exercised, not arbitrarily, but always with due and proper consideration of the nature and extent of the services actually rendered.”
The judgment or order appealed from is affirmed.
Conrey, P. J., and Houser, J., concurred.
Cases cited
- Duffill v. Los Angeles Trust & Savings Bank 188 Cal. 536 p. 673