Trustee Payments Sample Clauses

The TRUSTEE PAYMENTS clause defines the rules and procedures for compensating the trustee for their services under the agreement. Typically, this clause outlines the timing, method, and sources of payment, such as whether the trustee is paid from trust assets or by a third party, and may specify the frequency of payments or reimbursement for expenses incurred. Its core practical function is to ensure that the trustee is fairly compensated and that all parties understand the financial obligations related to the trustee’s role, thereby preventing disputes over payment and clarifying the trustee’s entitlement to fees and expenses.