Fee Schedule - New Zealand Domestic Trusts
Formation Fee - $1500 paid upfront
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Excludes |
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KYC Checks
- $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.
- 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 $1,350 pa
Additional Charge of $500 per $2,000,000 of assets in Trust thereafter
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2. FEE FOR CRS (COMMON REPORTING STANDARD) COMPLIANCE
Charge of $300 pa
Miscellaneous Fees
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Trustee |
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Not Trustee |
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Gifting |
Included |
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Wind Up |
$1,500 |
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$2,000 |
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Resettlement |
$1,500 |
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$2,000 |
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Provision of Trust Information to trust Beneficiaries |
Hourly Rate $500 |
Hourly Rate $500 |
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Changes to Beneficiaries |
$750 |
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$1,000 |
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Variation of Trusts wording of deeds including perpetuity |
Quote |
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Quote |
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Distributions |
$400 |
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$600 |
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Contributions of assets (excluding physical transfer documents) |
$500 |
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$700 |
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Review of Deed |
Quote |
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Quote |
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Structure Review |
Hourly Rate $500 |
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Hourly Rate $500 |
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Execution / Preparation of Documents at time and cost |
Hourly Rate $500 |
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Hourly Rate $500 |
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Wills and Powers of Attorneys at time and cost |
Hourly Rate $500 |
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Hourly Rate $500 |
Notes:
- All prices are quoted in NZ$ unless stated otherwise and are + GST.
- Bespoke will be extra, charged at $500ph + GST.
- Prices quoted are for standard only.
- Unless specified otherwise we will hold the Trust Folder (original documents) at our premises.
- 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.
