Every trustee referred to in this article shall receive reasonable compensation for services.
§ 8.01-525.5.Compensation of trustee.
Chapter 18.1. Assignments for Benefit of Creditors · Article 1. Assignment of Property · Last amended 2019 · Last verified July 16, 2026
In one sentenceEntitles every trustee acting under a deed of assignment for the benefit of creditors to reasonable compensation for the services performed in administering the estate.
Full Text of § 8.01-525.5
Plain-English Summary
Administering a deed of assignment is real work — recording the deed, giving notice, marshaling and selling property, sorting out disputed claims, distributing proceeds — and Section 8.01-525.5 makes sure the person doing it gets paid for the effort.
The rule is short and direct: every trustee under this article is entitled to reasonable compensation for services. It does not fix a rate or formula, leaving the amount to what is reasonable given the size and complexity of the particular estate, but it forecloses any argument that a trustee has to serve without pay.
Frequently Asked Questions
Is a trustee under a deed of assignment entitled to be paid?
Yes, every trustee referred to in this article shall receive reasonable compensation for services.
Does the statute set a specific fee amount or percentage?
No, it only requires that the compensation be reasonable.
Who qualifies for this compensation?
Any trustee acting under the deed of assignment article, whether the originally named trustee or a substitute trustee under § 8.01-525.2.
What kind of services does this compensation cover?
The trustee’s services in administering the assignment for the benefit of creditors.
Where does the trustee’s compensation come from?
The statute does not specify a source, but in practice it is paid from the assigned estate the trustee administers.
Amendment History
1924, p. 658; Michie Code 1942, § 5278d; Code 1950, § 55-160; 2019, c. 712.
Source & verification. Section text and amendment history are
reproduced verbatim from the Code of Virginia, published by the
Code of Virginia, Virginia Division of Legislative Automated Systems. Last verified July 16, 2026.
· Official source
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