TRUSTEE AND PRIVATE FIDUCIARY SERVICES
Private Fiduciary Services
Selecting the right fiduciary is one of the most important decisions in the estate planning process. The individual or institution serving in this role is responsible for administering the trust, managing assets, making distributions, and ensuring compliance with fiduciary and tax obligations.
For many clients, appointing a non-professional trustee presents challenges. Family members or close friends may not have the time, expertise, or desire to assume these responsibilities. In these situations, a professional fiduciary provides an objective, experienced, and reliable solution.
In select circumstances, RMA Law Group serves as a successor professional trustee. This role is distinct from serving as legal counsel to the trust. As attorneys, we advise the trustee in fulfilling their duties. As a fiduciary, we assume direct responsibility for administering the trust and act in the best interests of the beneficiaries.
A Structured, Collaborative Approach
Trust administration requires careful oversight of diverse assets, adherence to the terms of the trust, and thoughtful consideration of each beneficiary’s needs.
We work in coordination with your existing advisors—including financial professionals and accountants—to ensure continuity, efficiency, and a cohesive strategy. Investment management may remain with your preferred advisors while we oversee administration and fiduciary decision-making.
Who This Is For
Our Private Fiduciary Services are particularly well-suited for:
- Individuals who prefer not to burden family members with trustee responsibilities
- Families with complex dynamics where neutrality is essential
- Clients with significant or multi-jurisdictional assets
- Beneficiaries who would benefit from structured, professional oversight
- Situations where continuity and long-term administration are critical
Scope of Services
Administration of trust assets in accordance with governing documents
Objective and discretionary distribution decisions
Coordination with financial advisors, CPAs, and other professionals
Ongoing communication with beneficiaries
Maintenance of detailed records, including accounting and cost basis
Oversight of tax reporting and filings in coordination with advisors
Payment of trust expenses and professional fees
Strategic, tax-aware administration of distributions
Benefits of a Professional Fiduciary
- Reduces administrative burden on family members
- Minimizes potential for conflict through objective decision-making
- Ensures proper administration in accordance with the trust’s terms
- Provides continuity and long-term oversight
- Supports beneficiaries in understanding the purpose and structure of the trust
- Enhances organization, reporting, and compliance
Fees
Fiduciary services are provided on a selective basis and
tailored to the complexity of the trust and the needs of the beneficiaries.
Standard Fee:
0.60% annually of trust assets
Minimum Fee:
$8,500 per year
A Thoughtful, Selective Engagement
We accept fiduciary appointments on a limited basis to ensure each engagement receives the level of attention and care it requires.
Next Steps
If you are considering appointing a professional fiduciary or would like to explore whether this approach is appropriate for your plan
Have A Question?
Schedule a consultation through our booking system or contact us via email.