OUR FEES

Fees are charged in accordance with HRS §607-18 Compensation of trustees

 

This statute provides for “special service fees” and most of our work falls into this category which includes:

  • Services performed in connection with assuming the trusteeship
  • Collection of income and payment of expenses
  • Accountings
  • Tax information preparation
  • Property maintenance and management
  • Site preparation for the sale of real property
  • Sale or lease of real property
  • The continuation of a business
  • Any litigation related to the property of the estate
  • Other services as may be deemed necessary and agreed to

 

Fees for these services are charged on an hourly basis, to the next tenth of an hour:

Partner                 $220.00

Manager              $190.00

Staff                      $160.00



Additional percentage fees as provided in the statute as follows:

Inception Fee

  • 1% on gross fair market value of the trust assets at the date of acceptance

Annual Fees (minimum $3,000.00)

Income Fee

  • 5% of the income received each trust year

Principal Fee

Percent of gross fair market value as of the first business day of the trust year, billed quarterly at:

  • 1/2 of 1% on first $5,000,000.00
  • 1/3 of 1% on next $3,000,000.00
  • 1/5 of 1% on next $2,000,000.00
  • 1/10 of 1% on assets in excess of $10,000,000.00

Termination Fee

  • 1% on gross fair market value of the trust assets on the termination date

 

Trusts Served include:

Revocable Living Trust

Irrevocable Trust

Irrevocable Life Insurance Trust (ILIT)
Supplemental Needs Trust (SNT or (d)(4)(A))

Charitable Remainder Trust

Pooled Income Fund

Private Foundation

 

Please note that additional professional services may be required.  Legal, tax preparation, investment management, medical care and property management fees, for example, may be needed and invoiced separately by outside vendors or providers.

 

An annual interest rate of 10% will be applied to client advances over $1,000.

 

All fees are subject to the applicable Hawaii General Excise Tax rate. Applicable hourly rates may be amended with written notice.

 

Updated to reflect rates as of January 2017.