wills and trusts for the single
Hello,
Here is my situation...I've been working for about 20 years. .I am looking to have a current will and/or living trust drawn up. I am currently single. For the executor / personal administrator of the will and trust, since I do not have a spouse, I look to name a bank.
My main question ...How does the bank charge when they are named as the executor for wills and trusts?
For wills, do the fees don't occur til after I die? Or do they charge an annual fee to have them named?
The same question for trusts? Do banks charge a % of assets each year to have them named as the personal admistrator? If so, it seems like that can add up to a lot as I'm in my early 40's and hope to live many many more years!
Your answers and comments are very much appreciated.
Wally
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