What is the maximum administration fee allowed for revocation of a Special Care Trust?

Study for the California Cemetery Manager Exam. Prepare with flashcards and multiple choice questions, each accompanied by hints and explanations. Ace your exam with confidence!

The maximum administration fee allowed for the revocation of a Special Care Trust is established by California law, which specifies that this fee cannot exceed a certain percentage of the trust's assets. In this case, the correct answer indicates that the allowable maximum administration fee is 4 percent. This limit is designed to ensure that the fees associated with the administration of the trust remain reasonable and do not excessively deplete the trust's assets, thereby protecting the financial interests of the beneficiaries. Understanding this limit is crucial for cemetery managers and others involved in trust administration, as it ensures compliance with state regulations and promotes ethical management practices.

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