Oregon Bank v. Hendricksen

This is a suit by a trustee of an inter vivos trust to establish the rate of compensation for its services, or in the event compensation is not allowed that a decree be entered permitting plaintiff to resign as trustee. The trial court granted the relief sought and defendants appeal.

Plaintiff is the trustee of an inter vivos trust of which defendants are the beneficiaries.' The trust instrument contained the following provision for the compensation of the trustee:

Article V (2) “The Trustee shall receive in full for its services hereunder an annual compensation in the amount of $112.50; that…