TRUSTEE FEE SCHEDULE
Contact:
Tel: 1-310-466-0762
Fax: 1-310-496-3064
11693 San Vicente Blvd., #291
Los Angeles, CA 90049
Email: info@bernardwessonfiduciary.com
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Asset-Based Trustee Fees:
Bernard C. Wesson charges an annual trustee fee, taken quarterly, as specified in below:
Other Trustee Fee Terms:
- The trust will be responsible for all third-party charges including, but not limited to: shipping, insurance, re-registration, valuations, notary, tax return filings, accountings, third party investment management fees, third-party real property management fees, legal fees and expenses.
- Real Estate and/or Material Asset sales will be subject to a 1% fee. Real Estate and/or purchase or Loan will be subject to a 1% to 3% fee.
- Additional fees may be charge based upon extraordinary services rendered. Hourly rates range from $250 to $350 depending on the provider and services performed. All work pertaining to litigation or threat of litigation will be charged at $300/hr.
- The above Asset-Based Trustee Fees do not include excess concierge services as well as fees charged for management and/or other work at the business/entity level for the underlying businesses and/or entities owned by the trust.
- All fees to be calculated and paid quarterly to Wescap Ventures, Inc.
- All fees herein are subject to change. 30-day advanced written notice will be provided before any fee change takes effect.
Court-Supervised Trustee Fees: $250/hour.
Probate Administration Fees:
Fees for Probate Administration are governed by California Probate Code 10800.
4% of the first $100,000
3% of the next $100,000
2% of the next $800,000
1% of the next $9,000,000
0.5% of the next $15,000,000
In addition, the code allows for additional fees for extraordinary services such as (but not limited to) tax issues, real property sales, and litigation. Fees for extraordinary services (EXO’s) are subject to court approval and are charged at $250/hour.
Trust Administration – Distribution Trust
Trust administrations that require the marshaling and distribution of all assets to the
beneficiaries are subject to the same fee schedule as a probate administration.