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A successor trustee who is dealing with a simple living trust, which is intended only to serve as a substitute for a will, can probably wrap up the job in a few weeks or months. Some trusts, however, are designed to last for many months or years.
An exception is a successor trustee who manages the property in a child's subtrust. In that case, the successor trustee is entitled, under the terms of the trust document, to reasonable compensation.. The successor trustee decides what is reasonable and takes it from the trust property left to the young beneficiary.ypically, the successor trustee of a simple probate-avoidance living trust isn't paid. This is because, in most cases, the successor trustee's only job is to distribute the trust property to beneficiaries soon after the grantor's death -- and often, the successor trustee inherits most of the trust property anyway.