Fee Schedule - New Zealand Domestic Trusts

Formation Fee - $1000 paid upfront

Includes

 

Excludes

  • Deed
 
  •  Time and Cost for transfer of assets and documents
  •  Gifting 
 
  •  Bespoke / modified deeds / documents
  •  Letter of Wishes 
 

 

  • Opening Minutes 
 

 

 

KYC Checks

  1. $100 Fee to cover KYC checks for parties associated with the Trust on either the Trust Formation or Covisory taking up a trusteeship in an existing trust.
  2. Subsequent AML checks if required will be invoiced individually at $10 per check.

 

Annual Charges

1.     Fee for Acting as a Trustee or a Director of a Private Trust Company

Base Charge of $1,250 pa

Additional Charge of $500 per $2,000,000 of assets in Trust thereafter

Includes

 

Excludes

  • Annual Meeting

 

  • Advice
  •  Gifting

 

  • Attendance to sign at other premises
  •  Maintaining Minutes

 

  • Review/signing of complex or large documents requiring preview.
  •  Casual Signing (at our offices – up to 10 minutes) – this covers most documents

 

 

 

2.      FEE FOR CRS (COMMON REPORTING STANDARD) COMPLIANCE

Charge of $300 pa


 

Miscellaneous Fees

 

 

Trustee

 

Not Trustee

Gifting

Included

 

 

Wind Up

$1,500

 

$2,000

Resettlement

$1,500

 

$2,000

Changes to Beneficiaries

$750

 

$1,000

Variation of Trusts wording of deeds including perpetuity

Quote

 

Quote

Distributions

$400

 

$600

Contributions of assets (excluding physical transfer documents)

$500

 

$700

Review of Deed

Quote

 

Quote

Structure Review

Hourly Rate $500

 

Hourly Rate $500

Execution / Preparation of Documents at time and cost

Hourly Rate $500

 

Hourly Rate $500

Wills and Powers of Attorneys at time and cost

Hourly Rate $500

 

Hourly Rate $500

 

Notes:

  1. All prices are quoted in NZ$ unless stated otherwise and are + GST.
  2. Bespoke will be extra, charged at $500ph + GST.
  3. Prices quoted are for standard only.
  4. Unless specified otherwise we will hold the Trust Folder (original documents) at our premises.
  5. All fees are for our Trustee Company [Covisory Trust Limited] to be one of the Trustees. If a private trust company is required, the fee will be by negotiation.