Bank Trust

WHAT FEES WILL THE TRUSTEE CHARGE?

THERE IS A FEE FOR SETUP OF THE TRUST AS WELL AS A YEARLY FEE TO MAINTAIN THE TRUST. FEES ARE BASED ON THE PROPERTY VALUE. WHEN THE TRUST IS ESTABLISHED YOU WILL PAY ONE YEAR IN ADVANCE. THE TRUSTEE FEE SHOULD BE LESS THAN $1,000, INCLUDING THE REGULAR ANNUAL FEE. THE BANK WILL MOST LIKELY SEND NOTICE 30 DAYS PRIOR TO THE INCEPTION DATE OF THE TRUST FOR BILLING OF THE COMING YEAR.