At the Trust Company of Vermont, we may be unique in pricing our relationship. Recognizing that our goal is to attract and maintain long-term family relationships, as well as the essential fairness of a fee schedule that does not treat related accounts separately, the following schedule is based on the market value of all related accounts (personal trust accounts, management accounts, IRAs, trusts for children and grandchildren) held for the benefit of related family members:
Annual Fees for Trusts & Investment Management Accounts
1% of the market value of the first $1,000,000
0.65% of the next $500,000
0.55% of the next $500,000
0.45% of the next $500,000
0.40% of the balance
Annual Fees for Non-Managed Accounts
One half of the standard fee for managed accounts.
Our policy is to avoid charging additional fees. We do not assess a base fee, minimum fee, excess disbursement fee, 12B-1 fee, accounting fee (except for testamentary trusts and guardianships) or termination fees in excess of out-of-pocket expenses incident to the transfer of trust assets. Consequently, we conduct an account services evaluation before the acceptance of new relationships. We may assess additional charges for extraordinary services.
Estate Administration Fee:
Our estate administration fee is designed for clarity as much as fairness in the cost of handling an estate. Consequently, our charges are assessed on the size of the estate that passes through the probate court. It is not assessed on non-probate assets such as IRAs, life insurance and living trusts, except short duration trusts. The asset based fee is as follows:
5% of the market value of the first $100,000
3% of the market value of the next $400,000
1% of the balance
Additional charges may be made for extraordinary or special services in estate settlement. If you are interested in our services as an Executor, and you would like more clarity, please contact us.
Tax Preparation Fees:
Fiduciary tax returns, federal and state, when we are trustee – no charge
Fiduciary tax returns, federal and state, when we are not trustee – fee based on complexity
Federal and/or state estate tax return – hourly charge
Tax filings for non-profits – hourly charge