You have decided to include a trust in your estate plan and want a neutral third...
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You have decided to include a trust in your estate plan and want a neutral third party to be the trustee. Your estate is valued at $2,000,000. Find out how much a corporate trustee would charge you to handle your trust. What if your estate grows to $20,000,000. Does the fee change? Provide a citation or other documentation to support your research
Homework Answers
It depends upon how much corporate trustee charges. Usually charge is between 1%- 2.5%. Charges changes with respect to size of trust. Say, if we take 1 %, charges will be $20000. As estate increses charges also goes up. Even if we take 1% charges will be $200000
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