Can I charge a fee back to the trust for buying assets (gold, vehicles) like a finder’s fee for my time and travel?
The simple way to answer this question and the next hundred questions like it is to create a minute in the trust stating that X number of expenses, itemized, are automatically covered by the trust as part of its compensation to you for providing trustee services, for the foreseeable future, until further notice.
When I say “itemized”, I don’t mean individual transactions. I mean categories – – i.e. travel related to trust business, investment services for the trust performed by you, consulting, health coverage, house mortgage, vehicles that support your services to trust business, and so on. Use your imagination.
A minute like that can be written once to cover all future transactions in any category that you authorize the trust to cover for your personal expenses, as long as such expenses could arguably be justified as being in the best interests of the welfare and profitability of the trust on behalf of its beneficiaries.