Trust Management Fees

We can provide you with a formal fee proposal once we know more about your personal circumstances.

Typically, we charge an annual management fee based on a trust's value, according to the following scale:

For trusts with assets exceeding £1 million, fees will be based on the estimated volume of work and the risk/responsibility associated with our appointment as trustee. This varies depending on the nature of the trust assets, reporting requirements and the number and complexity of distributions. Some trusts require minimal administrative oversight, whilst others demand regular active management and decision-making. We aim to provide excellent value whilst ensuring we can dedicate appropriate resources to the proper administration of your trust.

Financial Benefits

There are financial benefits if assets are held in a trust. Where the beneficiary gets means-tested benefits or receives residential or community care services, the trust will usually pay for itself several times over each year.

1. Means-tested benefits
A single person receiving Employment and Support Allowance with the basic disability premium and local housing allowance receives benefits worth £13 665.08 per year. Any funds not held in a trust could result in these benefits being reduced or stopped. There are other benefits that might also stop such as reductions in council tax.

2. Community care
A person receiving 20 hours per week supported living services will be receiving a budget of over £22 000 per year**. Each local authority will have its own charging policy but in most cases any direct inheritance will trigger a reassessment and the person will have to pay towards care.

3. Residential care
The average annual cost of residential care in Scotland is nearly £32 000. The capital limits are more generous, but you may be expected to pay these fees from any money or property not held in trust.

*Figures correct as at November 2020, based on Support Group ESA rate, basic disability premium and local housing allowance for a one bedroomed flat in Greater Glasgow.

** Based on the approved supported living hourly rate for Glasgow City Council of £21.36 per hour.

*** Based on average costs of £614.07 per week published by www.careinfoscotland.scot