Opinion ID: 1154523
Heading Depth: 1
Heading Rank: 6

Heading: The Custom in the Community

Text: The testimony of William Shaumberg, Charles Osborn, Richard Fulp, and William Blanchard, whose testimony the court found to be credible, establish that the custom and practice in the community is that an individual cotrustee receives, at most, a fee of 50 percent of the corporate cotrustee's fee. This 50 percent figure is further supported by the information contained in Seattle-First's answers to the plaintiff's first and second set of interrogatories. If the individual cotrustee undertakes no investment responsibilities, then a normal fee for the individual cotrustee is 25 percent of the corporate cotrustee's fee. While the fees charged by attorneys and investment counselors are a factor considered, the standard provided by the will is that of normal compensation of a cotrustee, not normal compensation for an attorney or investment counselor.