Trustee's Compensation
LOCAL RULE 74.1. Trustee's Compensation
Except where the instrument creating the trust makes provision for compensation, trustees subject to the Court’s jurisdiction may, upon application and entry, be allowed compensation annually for ordinary service in connection with the administration of each separate trust in accordance with the compensation schedule prescribed by the Court. The Court may permit compensation to be paid on a periodic basis [such as quarterly or semi-annually] upon application by the Trustee.
LOCAL RULE 74.2 Additional Compensation
The Trustee may request additional fees for extraordinary services by filing an Application that shall set forth an itemized statement of the services performed by the Trustee, the date of said services and the time involved in rendering said services.
LOCAL RULE 74.3 Corporate Fiduciaries
Compensation for corporate fiduciaries which are exempt from bond pursuant to Revised Code Section 1111.21 may be compensated in accordance with their published fee schedule which shall be filed with the Court. Vested trust beneficiaries affected by the payment of fees shall be notified by the trustee of any changes in its corporate fee schedule.