Frequently Asked Questions

Can I work with you if I don’t have an attorney? 

That depends. Estate-planning documents must be drafted by an attorney, but many aspects of estate and trust administration can be managed without a lawyer. We’d be happy to evaluate your particular situation and determine how to best meet your needs.

I’m not rich. Why would I need a fiduciary? 

You should have an estate plan, even if you think your assets are too modest. Dying without a will can leave important decisions — who takes care of your children, who will be a beneficiary of your estate, etc. — up to the state and the courts. And you might also have needs in the future that aren’t apparent right now. 

Can I designate you as the executor of my will? 

Yes. Serving as an executor can put an enormous amount of pressure on a family member or loved one. We will ensure your final wishes are carried out.

Why would I need a trust? 

The creation of a trust can provide a number of protections for you and your family — as well as potentially reduce the taxes your estate will owe. Since 1978, we have been helping clients give more to their loved ones, and less to the government.

How much will it cost? 

We charge between $120 and $250 per hour, depending on the staff required to perform specific duties and the complexity of the work. In addition to the hourly fees, we charge a small percentage of the account asset value, from .30% to .10%, depending on market value. There is a $275 minimum fee per month. Costs advanced for overnight mailing, certified mailing, messenger services, filing or recording fees, travel expenses, mileage, and special requests or projects, may be charged to the account. Our hourly rates:

  • President:  $250
  • Senior Trust Officer:  $220
  • Trust Officer:  $180
  • Trust Accounting Administrator:  $150
  • Trust Associate:  $120

 

 

Fred Schoen Fiduciary Services, Inc. reserves the right to make adjustments to our published hourly rates, minimum fee or pricing for services at any time without further notice. This online fee schedule may not represent the current fee schedule, which is available upon request.