2012 TRUST I FEE STRUCTURE
The fee structure for The Arc of Indiana Master Trust I has four parts:
1. Enrollment Fee
There is a one-time initial Enrollment Fee. As of January 1, 2012 the enrollment fee is $710. It increases about $10 to $15 on January 1 of each year, loosely in accordance with the Consumer Price Index (CPI).
2. Renewal Fee
Parents generally enroll in the trust during their lifetime, but will not fund the trust until their death. Once you enroll in The Arc Trust, we will send you a computer-generated copy of the Joinder Agreement every year. We ask you to make any changes to the Remaindermen, the Key Person(s), or any changes of personal information, such as addresses, phone numbers, etc. There is an annual charge for this, called the Renewal Fee.
The Renewal Fee if you enroll in 2012 is $80 per year. Once you enroll, your annual Renewal Fee remains the same. So, if you enroll in 2012, your fee will remain $80 annually, regardless of what the Renewal Fee is in the future. Once the trust is funded, the Renewal Fee is no longer charged.
3. Consulting / Maintenance Fee
When the trust is funded, we charge a Consulting Fee if the trust is authorized for disbursements, and a Maintenance Fee if disbursements are deferred.
The Maintenance Fee is simply the Consulting Fee reduced by a certain percentage when the account is not authorized for disbursements. Depending on the size of the Trust account, the Maintenance Fee will be anywhere from 40% to 70% of the normal Consulting Fee.
2012 Trust I Annual Consulting Fees
Funded Amount Consulting Fee $ 30,000 $670.00 $125,000 $921.25 $150,000 $1,172.50 $175,000 $1,423.75 $200,000 $1,675.00 $225,000 $1,926.25 $250,000 $2,177.50 $300,000 $2,680.00 $350,000 $3,182.50 $400,000 $3,685.00 $450,000 $4,187.50 $500,000 $4,690.00
4. Tax Preparation Fee
The 2012 Tax Preparation Fee of $125, directly deducted from the individual's trust account, covers the preparation of Federal Form 1041 and Indiana Form IT-41. It also covers K-1 forms, which are prepared only if disbursements have been made from the trust account.
