MD SB19

Establishes specific commission rates for guardians of property, including 6% on income from real estate, ground rents, and mortgages, and tiered rates (6.5% to 3%) on other income collected annually

Sets corpus/principal commission rates for guardians at 0.4% on the first $250,000, 0.25% on the next $250,000, 0.15% on the next $500,000, and 0.1% on amounts exceeding $1 million

Replaces the previous statutory fee schedule for trustees with a "reasonable under the circumstances" standard, allowing courts to consider factors such as trust property value, trustee skill and experience, time spent, and results obtained

Permits trustees who are regulated financial institutions or Maryland Bar members to charge compensation based on a filed schedule of rates, with required notice to qualified beneficiaries who may petition the court to review reasonableness

Takes effect October 1, 2025