Trusts can play an important role in maintaining a loved one’s lifestyle, creating a legacy for the benefit of future generations, or protecting assets from excessive taxation and unexpected legal risks. In addition to the services provided as part of our investment management and financial planning offerings, North American Management offers a variety of professional trustee solutions.
To support our clients, we have established companies in two states, both of which are named North American Fiduciary Services, LLC (NAFS). Collectively, these entities can serve as sole trustee, co-trustee, trust protector, or successor trustee in certain states, and agent for trustee in all states.
As representatives of NAFS, members of senior management along with our trust specialists can work with you and your personal attorneys and tax advisers in the following areas:
- Administering trusts
- Educating beneficiaries
- Providing trust accounting and tax reporting services
You can count on our professionals to administer your trust according to its unique objectives, while carefully observing the duties of loyalty, impartiality, and prudence.
FEES FOR TRUSTEE SERVICES
| Type of Service/Trust | Fee (per annum) |
| Agent for trustee | 0.15% asset-based |
| Irrevocable trust | 0.15% asset-based |
| Trust protector | 0.10% asset-based |
| Revocable trust | $500 flat fee or 0.15% asset-based |
| Insurance trust | $500 flat fee |
| Successor trustee | No fee |
Fees are payable in advance on a calendar quarter basis. Separate standard fee schedules apply to financial planning and investment management services.
