Under N.J.S.A. §§ 3B:18-24 and 3B:18-25, the trustee will generally be entitled to a commission of 6% of the trust’s income plus an annual commission of:
$5.00 per thousand dollars of corpus on the first $400,000; and
$3.00 per thousand dollars of corpus in excess of $400,000.
Banks and corporate trustees can get a “reasonable” fee. This is often based on their fee schedules.