Overbey, Hawkins & Wright, PLLC
1.800.201.9987 (Toll-Free)

Administration of Estates

OVERBEY, HAWKINS & WRIGHT FEE SCHEDULE FOR TRUST SERVICES, ATTORNEY-IN-FACT AND GUARDIANSHIP SERVICES

Annual fees for the administration of revocable and irrevocable trusts (including, without limitation, trusts created under a will) are calculated on the basis of the market value of the assets held in such a trust of which we are the trustee. The fee schedule consists of a minimum annual fee of $2,500 and an annual fee calculated on the market value of the gross trust assets, as outlined below:

The above annual fees are calculated and charged at least quarterly, and are subject to change. These annual fees are for ordinary services in our serving as trustee, and include the management, investment, and safekeeping of trust assets, collection and distribution of trust income, and the fulfillment of the fiduciary responsibilities set forth in the applicable trust instrument. Where special services are required, including tax, real estate, closely-held business interests, account acceptance, account termination, and other non-standard services, additional charges will apply. Direct charges will also be made for out-of-pocket expenses such as travel, lodging, telephone, etc.

If Overbey, Hawkins, & Wright is engaged to provide legal services to or on behalf of the trust or the trustee, then our hourly rates in effect at the time services are rendered will apply to such legal services. Examples of services outside of the normal duties of the trustee would be tax controversies other than a standard tax audit, real estate transactions, and problems necessitating litigation.

Fees, commissions, and other charges by outside professionals such as accountants, brokers, investment managers, real estate agents, appraisers, or other advisors or consultants shall be in addition to the fees set forth above.

OVERBEY, HAWKINS & WRIGHT ATTORNEY-IN-FACT AND GUARDIANSHIP SERVICES

When this firm serves as attorney-in-fact or guardian, it shall receive as minimum compensation, the annual fees set forth in the trust fee schedule above. As set forth above, additional charges will be charged for additional non-standard services and where this firm is engaged to provide legal services for the guardian or attorney-in-fact. Fees will be charges quarterly or more frequently.

This schedule is applicable when a member of this firm serves as trustee of a revocable or irrevocable trust, agent for a trustee, attorney-in-fact or guardian.

OVERBEY, HAWKINS & WRIGHT FEE SCHEDULE FOR ADMINISTRATION OF ESTATES

The fee to be charged for acting as Executor or Administrator on all property in the decedent’s probate estate (calculated on the inventory value, including amended inventories) is as follows:

(a)      5% of first $1,000,000.

4% of next $500,000.

3% of next $500,000.

2% over $2,000,000.

AND

(b)     5% of income receipts (not including capital gains).

The value of real estate will be included as property in the decedent’s probate estate for fee purposes only if the Executor or Administrator is given the power to sell real estate. If the Executor or Administrator has the power to sell but does not sell or convey the property then the fee is limited to 2 1/2 percent.

These fees are for ordinary services in our serving as Executor or Administrator. Where special services or services beyond ordinary or usual (including expenditure of time such that the fees set out herein are inadequate, in the judgment of Overbey, Hawkins, & Wright) are required, additional charges will apply. Direct charges will also be made for out-of-pocket expenses such as travel, lodging, telephone, or copies, etc. Paralegal or legal assistant time will be charged at prevailing rates within the firm of OHW.

If Overbey, Hawkins, & Wright is engaged to provide legal services to or on behalf of the estate, then our hourly rates in effect at the time services are rendered will apply to such legal services. Fees, commissions and other charges by outside professionals such as accountants, brokers, investment managers, real estate agents, appraisers or other advisors or consultants shall be in addition to the fees set forth above.