What entitlement do trustees have regarding their remuneration?

Trustees are entitled to charge reasonable remuneration for the services they provide in managing a trust. This principle is rooted in the recognition that trustees often undertake complex tasks that require time, expertise, and effort to administer the trust effectively. The term "reasonable remuneration" indicates that the fees charged should reflect the nature and scope of the work involved, rather than being arbitrary or excessive.

This entitlement supports the principle that managing a trust can impose significant responsibilities and require skills that warrant compensation. It is important for the trust document to outline how fees are calculated or to allow for remuneration consistent with industry standards. This balances the interests of the beneficiaries with the need to appropriately compensate trustees for their work.

In contrast, the other options do not accurately reflect the legal framework surrounding trustees' remuneration. There are scenarios where trustees may indeed charge fees, and the acceptance of reasonable remuneration acknowledges the effort involved in trust administration. Therefore, the correct entitlement is that trustees may charge reasonable remuneration for the services they provide.