Trusts requiring minimal time should not subsidize more complicated trusts.

Our philosophy is that trusts requiring only nominal time and effort to administer should not subsidize more complicated trusts that demand greater attention or skill. We, therefore, charge a minimum base fee for those services that all trusts require, such as remitting income to beneficiaries, providing an annual report to beneficiaries, and conducting annual investment review to ensure compliance with the account's investment policy statement. Additional fees, charged at hourly rates by our attorneys and legal staff, apply to other trustee functions and activities, such as discretionary distributions, court accountings, meetings with beneficiaries, asset transfers and management, tax planning, tax return preparation, and legal services.

Virginia Fiduciary does not charge a fee on trust income and does not charge a fee for investment management since that service is provided by an independent investment advisor. The combined fees charged by Virginia Fiduciary and the investment advisor are very competitive with "full service" fees charged by banks and trust companies.

The fee schedule in effect at the time Virginia Fiduciary begins to serve as Trustee is guaranteed for the life of the trust.

For our complete fee schedule, please click here.