Bernard C. Wesson, CLPF 977
Luiza Grigoryan, CLPF 1530

11693 San Vicente Blvd., #291
Los Angeles, CA 90049
www.laprofid.com

FIDUCIARY FEE SCHEDULE

Asset-Based Trustee Fees (Trust Management)

Annual trustee fee, taken quarterly, as specified below:

Interval Gross Asset Value Annual Percentage Fee
Up to $1,000,000 $10,000 (guaranteed minimum)
$1,000,000 to $3,000,000 0.90% of Gross Assets
$3,000,000 to $7,000,000 0.75% of Gross Assets
$7,000,000 and up 0.5% of Gross Assets

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 charged based on extraordinary services rendered. Hourly rates range from $250 to $350, depending on the provider and services performed. All work pertaining to litigation or the threat of litigation will be charged at $300 per hour.
  • 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. A 30-day written notice will be provided in advance of any fee change taking effect.

Court-Supervised Trustee Fees: $250–$300 per hour

Trust Administration – Distribution Trust

Trust administrations that require the marshaling and distribution of all assets to beneficiaries are subject to the same fee schedule as probate administrations below.

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, legal fees, and related expenses.

Additional fees may be charged for services relating to litigation or the threat of litigation at $300 per hour.

Probate Administration Fees

As 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 - $300 per hour.