Effective October 1, 2024
Minimum Monthly Service Charge – $250/month
(Not applicable to court-supervised accounts)
Trust and Estates:
$2,000,000 to $5,000,000 – 1%
$5,000,001 to $10,000,000 – .75%
Intake Fee (Not applicable to court-supervised accounts) – $500
Non-refundable, one-time fee charged upon designating MFS in estate planning document(s) to serve as fiduciary. Drafting attorney will forward a copy of the documents to SFS office for review, whereupon SFS will establish working file and contact client annually to update information updates.
Trust and Estates under $2,000,000 will be billed the hourly rate
Hourly fees are billed in .10/hour (6 minute) increments:
Administrative Duties – $190/hr
Services include but not limited to:
Client consultation
Review trust, conservatorship and/or estate documents
Consult with drafting or fiduciary attorney as required
Set up asset, liability, vendor and client informational records
Process Social Security representative payee information
Coordinate client care management services
Review and negotiate vendor contracts
Marshal estate assets and prepare inventory
Client visitation
Review and approve disbursements
Correspondence – letter, fax, telephone or email
Legal consultation
After hours emergency contact – number provided as required, minimum one-hour administrative fee for each call (Not applicable to court-supervised accounts)
Travel time door to door
Court Accountings – $135/hr
Financial Operations – $125/hr
Services include but not limited to:
Manage vendor invoice and bill payments
Collections
Expedite securities liquidation, transfer, and distribution
Client and vendor correspondence via letter, fax, telephone or email
Operating account transaction review and reconciliation
Process bank deposits
Prepare information for annual tax preparation
Property Management – $125/hr
Services include but not limited to:
Maintain real and personal property insurance
Manage personal property retention, storage and disposal
Perform periodic property site visits
Manage property tax, utility and maintenance payments
Travel time door to door
File and Correspondence Management – $90/hr
Services include but not limited to:
Create and maintain electronic and hard copy document files
Process client address changes
Retrieve, log, scan, review and route incoming client-specific mail