Fees, Fees, and More Fees; What Do They Mean?

The old adage that the only two certain things in life are death and taxes still rings true in 2018. Nowadays it seems to be “death, taxes, and fees” because everywhere you turn consumers face fees. Often it is the same game when it comes to trust admiration. But Wealth Advisors Trust offers its services without the endless stream of fees while providing the same exceptional customer service and attention to detail.

They’re endless. Termination fees; wire transfer fees; bill pay fees; special asset service fees; hourly rates; copy charges; travel costs; and extra fees for returning a beneficiary’s phone call. Costs can add up quickly and sooner rather than later beneficiaries are left funding a mile long list of fees instead of enjoying the security provided by their trust. Finding solace within the protections of your trust is only made harder when facing fees. Attempting to avoid these fees by handling the trust administration yourself is unadvised and potentially dangerous to one’s financial security and opens you up to potential legal liabilities. 1

Wealth Advisors Trust has three categories of fees simplified for maximum customer satisfaction: Agency Trustee Fees, Corporate Trustee Fees, and Irrevocable Life Insurance Fees.

The Agency and Corporate Trustee Fees have minimum annual fees of $3,000 and $5,000, respectively, while the Irrevocable Life Insurance Fees are set at $1,500. 2 All three categories require a one-time $750 fee, and Agency and Corporate Trusts have tiered asset-management fees. Allowing Wealth Advisors Trust to handle the extensive paperwork required to administer these trusts allows the beneficiaries to minimize mismanagement risks while lessening the burdens of administering the trust. 3 The cheapest come into play when a corporate trustee deals with distributions and trust administration, but does not manage any assets nor pays any bills. While more personalized service brings more fees, lower risks assumed by the trust equals lower fees for the user. From managing commercial properties, vacation homes, oil and gas leases, controlling a family’s stock investments, or even handling personal, day-to- day bills for one’s personal life, fees are adjusted to the level of service provided to the trust.

“We have a very tight back office process and this is why we do not nickel-and- dime our trust clients,” Christopher Holtby, CoFounder of Wealth Advisors Trust, said.

“We have a very tight back office process and this is why we do not nickel-and-dime our trust clients,” Christopher Holtby, CoFounder of Wealth Advisors Trust, said.

“Many traditional trust companies have termination fees, distribution fees, wire transfer fees, etcetera. We believe this occurs because they do not have an efficient
process and are not selective in avoiding high maintenance trusts.”

Allowing Wealth Advisors Trust to ensure the administration and management of your trust’s assets is smart for many reasons. Through a reasonable fee, Wealth Advisors Trust’s experts handle the management of your trust, adhering to your wishes, all while complying with federal and state laws. Mismanagement of the trust or improperly following federal or state law could have huge repercussions for the estate, the beneficiaries, and your heirs for generations to come. Allowing wealth advisors to handle the management of your assets through professional trust management at Wealth Advisors Trust is one of the surest ways to tackle excessive fees.

Because fees are such a routine part of managing your wealth, potential trust customers should expect to be told that fees are normal or that more fees equal better service or better return on your investment. Wealth Advisors Trust treats trust administration fees as a necessary evil and sparingly uses them when necessary. More fees do not equal better service or better returns on your investment. Instead, when advisors spend more-and-more time finding ways to bill
you for silly fees, you lose more than just money—you lose your peace of mind. This focus on nickel-and-diming the client is not something the professionals at Wealth Advisors Trust believe in or operate by. Instead, your beneficiaries are charged competitively for costs, which are largely pre-arranged and agreed to at the
beginning of the relationship.

Through set fees and an unparalleled level of attention to detail, Wealth Advisors Trust minimizes trust administration fees whether they’re for an Agency,
Corporation, or an Irrevocable Life Insurance Policy. The elimination of frivolous fees is a cornerstone of Wealth Advisors Trust and its management’s philosophy.

This competitive strategy allows a new generation of the trust company to replace older, outdated trusts that leech as much money of yours as possible. Understanding trust fees is one of the first steps necessary to appropriately managing one’s wealth.


1 https://www.americanbar.org/publications/probate_property_magazine
2 https://wealthadvisorstrust.com/wealth-advisor- fees/
3 http://www.nytimes.com/1964/04/06/personal-finance- why-set- up-a- trust.html

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