Maryland trustee 2026

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  1. Click ‘Get Form’ to open the Maryland Trustee document in the editor.
  2. Begin by filling in the Grantors' names. Indicate their marital status as either married or unmarried.
  3. Next, specify the Trustee's name and indicate that they are acting on behalf of a minor.
  4. Fill in the Grantees' names and their marital statuses. Ensure you clearly define whether they are joint tenants or tenants in common.
  5. Describe the property being transferred. You can either provide a detailed description or state 'SEE DESCRIPTION ATTACHED'.
  6. Complete any additional required fields, such as prior instrument references and any encumbrances on the property.
  7. Finally, ensure all parties sign and date the document where indicated, including notary sections for validation.

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Percentage fees are typically calculated as a percentage of the trust assets and can range from 1-2% annually. It is important for trustees to keep accurate records of their time and expenses incurred while managing the trust, as this information may be needed to justify their compensation.
Trustee fees are paid out of the income or principal of the trust, as specified in the trust agreement. Trustee fees are generally tax-deductible by the trustee. It can be charged in numerous ways, but typically it is either a percentage of the assets in the trust or a flat fee.
As of Sep 2, 2025, the average hourly pay for a Trustee in Maryland is $22.31 an hour.
No, a trustee cannot withdraw money from a trust for personal use unless specified in the trust.
Deed of Trust. Any natural person or legal entity can be the Trustee. No residency requirement.

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The cost of creating a simple trust is usually in the region of 1000 - 1,500.

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