Trust Administration FAQs

ANSWERS TO THE MOST FREQUENTLY ASKED QUESTIONS ABOUT
TRUSTEE/GUARDIANSHIP/EXECUTOR SERVICES

Q: WHAT ARE THE FEES ASSOCIATED WITH THESE SERVICES?

A: Trustee/Guardianship fees are based upon mutual agreement between the client and WEBSTER & SCHELLI.  Generally, fees are based upon one of two methods:

  • Billed hourly for the services rendered.  Usually this is the method of billing for probate estate when acting as an executor or small trust and guardianship estates, when the breadth of services is not required or the management of the estate is simplified.
  • For complex trust and guardianship estate, as well as for trusts and guardianship estates that will be in existence for several years, fees are calculated based upon the market value of the assets of the trust estate.

The annual trustee fee is 0.5% of the value of the assets of the estate on the first $5,000,000.00 and 0.3% on the next $10,000,000 and 0.2% on any amount in excess of $15,000,000.00, excluding the value of real estate and any structured settlement annuities.  The trustee fee is paid quarterly, in advance, based upon the value of the assets of the trust estate on the last day of the preceding calendar quarter. 

No additions fees will be charged for tax services, holding of special assets or extraordinary services.

Q: HOW DO I GET STARTED?

It's easy!  You can click on the Contact Us button or simply call our office at (630) 416-4500 and schedule an appointment.