For fiduciary services during the lifetime of the Settlor or for protracted Trust management, where the terms of the trust call for on-going distributions over time, we charge fiduciary fees pursuant to the Trustee compensation guidelines referred to above. Those guidelines specify the following annual (pro-rated) fee schedule based on assets under management at the beginning of a given year:

On the first $500,000:   1% , plus

On the next $500,000:   .75% , plus

On assets over $1 Million:  0.5% , plus

On assets over $10 Million: 0.25%

For final settlement of either a Trust or Estate (or both) where we are the acting fiduciary, we charge a one-time flat fiduciary fee regardless of how long it takes to wrap up the Trust or Estate, per the guidelines for Executor compensation. The rates are based on the maximum principal value of the Trust or Estate under management since time of death or other final settlement trigger pursuant to the terms of a trust agreement (prior to any deductions for distributions, taxes, creditors, etc.). Income receipts (not including capital gains that increase the principal value) during the time of settlement are compensated at a rate of 5% in addition to the principal fees below. Principal-based fees are calculated as follows:

On the first $400,000: 5% , plus

On the next $300,000: 4% , plus

On the next $300,000: 3% , plus

On assets from $1 Million to $10 Million: 2% , plus

On assets over $10M: 0.5%

The fees outlined above constitute the compensation paid to fiduciaries for the time, effort, responsibility and liability in managing assets in a trust or estate, and wrapping up all the tasks associated with settlement of the estate or trust. Specifically legal tasks, however, which a lay fiduciary could not complete without an attorney, such as preparation of legal instruments such as deeds or contracts of sale, etc., are billed separately from fiduciary compensation at our current hourly rates.