Fees

MSNT administration of trust accounts is performed in partnership with Landmark Bank, the custodian of special needs trust account funds held for beneficiaries. To pay for the administrative costs for establishing trusts, processing distributions and deposits, account statements and check production, investment management, and other trustee and banking functions, administrative fees are necessary. Administrative fee types and rates are included in the trust agreement completed when the trust is established. Fees are subject to change. The chart below summarizes the current administrative fee structure for trusts administered by MSNT.

Fee Type Amount
Enrollment Fee $500 (Sliding fee based on donor income)
Annual Asset Value Fee (Combined MSNT and bank administrative fees) 2.04% for AV ≤ $9,999 plus 1.44% for AV ≥ $10,000
Check Processing Fee $5 per check
MSNT Sole Trustee Fee $30 per month
Extraordinary Services Fee $75 per hour plus mileage; if applicable
Account Closure Fee $115 for low balance; $185 for all others
Expenses such as tax preparation or payments Paid from account at actual cost
Charitable Trust Retention at closing None if trust was never used; 25% on remainder balance if distributions were made
Fees are subject to change.