Fee Charges:
1. Fees are charged monthly in arrears. Arden Trust requires a reserve of 2 years’ of annual fees for illiquid assets at the time the trust is funded and ongoing throughout administration. ILIT fees are charged annually.
2. In addition, Arden Trust will charge transaction fees for the following:
• Checks: $25.00/each
• Wires: $50.00/each
• Portfolio Transaction in Custody Accounts: $20.00/each
3. Accounts requiring a tax return or tax letter will be charged annually on the following schedule:
• 1041 Federal Return: $750.00
• 990/990PF/5227 Federal Return: $1,500
• Tax information sent to outside preparer: $300.00
4.Arden Trust will collect a termination fee equal to one year’s annual fee upon termination of a trust account, any distribution of one-third or more of the trust’s value, or transfer of the trust assets upon its removal or resignation.
5. An annual account maintenance fee of $500 will be charged for each account set-up in a relationship in excess of three.
6. This fee schedule lists fees that are payable solely to Arden Trust. Any fees of co-trustees or Investment Advisors would be in addition to the fees set out in this schedule.
7. Insurance Trusts: Upon the death of the Grantor or last to die of the Grantors, the Arden Trust fee schedule for Discretionary Trust Administration, in effect at that time, will be applied to each continuing separate trust or separate share.
8. When unusual, special, or extraordinary services are provided, an additional fee will be charged in accordance with the efforts provided. Said fee may include compensation based upon the below hourly rates:
| Officer Level |
Hourly Rate |
| Executive Officers |
$400.00/hr |
| Non-executive Officer |
$300.00/hr |
| Non-officer Personnel |
$250.00/hr |
9. A court accounting may periodically be required pursuant to the governing instrument or applicable law. In addition, upon termination of the trust or upon Arden Trust’s resignation or removal, Arden Trust may elect to settle its account either judicially or nonjudicially. All costs associated therewith (including attorneys’ fees) will be paid from the trust and are not included in the Trustee’s administration or termination fee.
10. Additional administrative expenses may be passed thru to the trust as applicable and appropriate.
11. This schedule is subject to change and may be modified by Arden Trust upon revision of its regularly published schedule of charges. Such revisions will become effective on the 30th day after the mailing of such notice to our customers at the address of record for Arden Trust.