What do the Arizona Revised Statutes say about fiduciary fees?

The Arizona Revised Statutes stipulate that fiduciary fees must be reasonable and consistent with the services provided. This requirement ensures that the fees charged by fiduciaries reflect the actual work and responsibilities associated with their roles. It aims to protect beneficiaries by preventing exorbitant charges that could diminish the assets managed by the fiduciary.

By mandating reasonable fees, the law encourages transparency and fairness in fiduciary practices. This focus on reasonableness also means that fiduciaries are expected to justify their fees based on the scope and complexity of the services rendered, which can include administering estates, managing trusts, or handling other financial matters for clients.

In this context, other options do not align with the statutory requirements. Claims that fees can be excessive and unregulated or that they can be set without oversight directly contradict the principle of reasonableness mandated by the law. Similarly, the notion that all fees are non-negotiable undermines the established expectation that fiduciaries must act in the best interest of the beneficiaries and be accountable for the fees they charge.