Individual Trust Management Services
INITIAL ENROLLMENT FEE $750.00
ASSET VALUE FEE
Based on the market value of trust assets under management of:
1.50% on the first $500,000
1.25% on the next $500,000 ($500,001-$1,000,000)
1.00% on the next $1,000,000 ($1,000,001-$2,000,000)
.80% on the next $1,000,000 ($2,000,001- $3,000,000)
.60% on $4 million or higher
* For Trust Values over $5 million a discounted fee schedule can be discussed.
Minimum Annual Fee per account is $2,000
The Asset Value Fee is pro-rated and charged monthly based upon the account’s market value each month. Fees are for usual and customary services including the administration of the trust account, record keeping, investment management, custody of assets and other fiduciary services.
TAX PREPARATION FEE
Fees for the preparation of fiduciary tax returns will be charged based on the complexity of the return.
When more than one trust is created under a single document, fees are applicable to each account separately.
EXTRAORDINARY ADMINISTRATIVE EXPENSES
When unusual or extraordinary services are required, reasonable additional charges will be assessed based upon the duties and responsibilities involved and required time spent.
Note: As is customary with mutual funds and registered investment companies, any fees charged by mutual funds or registered investment companies are netted from returns. The fees of attorneys, accountants, brokers, or other agents necessary for the administration and compliance requirements of the trust are separate from and in addition to the fees listed above. Reasonable compensation for the work and responsibility assumed by Life’s Plan Inc.. as Trustee is the basis used in determining fees charged. Life’s Plan Inc. does not provide legal advice. All fees are paid out of the trust account. All fees are subject to change upon 30 days written notice.