Computation Of Trustee Fees | Pdf Fpdf Docx | Ohio

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Computation Of Trustee Fees | Pdf Fpdf Docx | Ohio

Computation Of Trustee Fees

This is a Ohio form that can be used for Trusts within County (Court Of Common Pleas), Cuyahoga, Probate.

Alternate TextLast updated: 11/7/2018

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Effective: April 3, 2006 PROBATE COURT OF CUYAHOGA COUNTY, OHIO Anthony J. Russo, Presiding Judge Laura J. Gallagher, Judge IN RE TRUST OF CASE NUMBER COMPUTATION OF TRUSTEE FEES (Local Rule 74 ) This Account Covers: One Year OR Two Years I. Fair market value of the Trust principal as determined by Trustee as of the anniversary date of appointment in the FIRST YEAR covered by this account Total Principal : $12.00 per thousand of the first $1,000,000.00 $12.00 x FEE: $ 7.50 per thousand of the next $2,000,000.00 $ 7.50 x FEE: $ 5.50 per thousand of the next $2,000,000.00 $ 5.50 x FEE: $ 4.50 per thousand of the balance $ 4.50 x FEE: II. Fair market value of the Trust principal in the SECOND YEAR covered by this account Total Principal: $12.00 per thousand of the first $1,000,000.00 $12.00 x FEE : $ 7.50 per thousand of the next $2,000,000.00 $ 7.50 x FEE: $ 5.50 per thousand of the next $2,000,000.00 $ 5.50 x FEE: $ 4.50 per thousand of the balance $ 4.50 x FEE: III. Distribution from the Trust Principal There may be allowed an amount equal to 1% of the fair market value of any distribution from the principal of the Trust property $ .01 x FEE: A corporate trustee that proves a service which invests all available income and/or principal cash on a daily basis may be allowed an amount equal to one - half of one percent (0.005%), on an annual basis, of the amount invested, but not in excess of $100 per month $ .005 x TOTAL FEES ALLOWABLE IN COMPUTATIONS I, II AND III ABOVE (The trustee may charge a minimum fee of $1,500 per year) TOTAL FEES: American LegalNet, Inc. www.FormsWorkFlow.com

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