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Trust Services Frequently Asked Questions

Is there a minimum level of investment required in order to set up a trust with MutualWealth?

Is there a minimum level of investment required in order to set up a trust with MutualWealth?

Typically, MutualWealth sets a minimum relationship size of $250,000.

What are the initial costs and ongoing fees for MutualWealth to set up and manage a trust?

What are the initial costs and ongoing fees for MutualWealth to set up and manage a trust?

MutualWealth charges a fee that ranges from a .5 to 1.25 percent of the annual assets under management depending on the size of the relationship. There may be additional expenses for unique assets or responsibilities.

What types of trusts can MutualWealth assist with?

What types of trusts can MutualWealth assist with?

MutualWealth has the capability to administer any legal trust instrument under the laws of the United States.

If someone sets up a trust, do they generally still need a Will?

If someone sets up a trust, do they generally still need a Will?

Yes, a Will provides your final instructions for what should happen to the assets that are not part of a trust. If a person dies without a Will, assets not in a trust must go through a special probate process which can be time consuming and expensive.

Is there a minimum level of investment required in order to set up a trust with MutualWealth?

x

Is there a minimum level of investment required in order to set up a trust with MutualWealth?

Typically, MutualWealth sets a minimum relationship size of $250,000.

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What are the initial costs and ongoing fees for MutualWealth to set up and manage a trust?

x

What are the initial costs and ongoing fees for MutualWealth to set up and manage a trust?

MutualWealth charges a fee that ranges from a .5 to 1.25 percent of the annual assets under management depending on the size of the relationship. There may be additional expenses for unique assets or responsibilities.

open

What types of trusts can MutualWealth assist with?

x

What types of trusts can MutualWealth assist with?

MutualWealth has the capability to administer any legal trust instrument under the laws of the United States.

open

If someone sets up a trust, do they generally still need a Will?

x

If someone sets up a trust, do they generally still need a Will?

Yes, a Will provides your final instructions for what should happen to the assets that are not part of a trust. If a person dies without a Will, assets not in a trust must go through a special probate process which can be time consuming and expensive.

open

Why would one generally start a trust?

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Why would one generally start a trust?

The primary purpose of a trust is to put assets at arm’s length from an individual or group of individuals for either tax minimization or asset protection. If these criteria apply to you, you may consider starting a trust.