SPECIAL NEEDS TRUST
SUCCESSOR TRUST
Pricing

Trust Set-Up

ADMINISTRATION

TAX PREP FEES

AUM MONEY MANAGEMENT

SERVICE ADD ON

ADDITIONAL

SUCCESSOR TRUSTEE FEE

The Successor Trustee Fee applies to existing, already created and funded Special Needs Trusts that select CPT Institute as the new trustee.

Completed Successor Trustee

$500

One-Time Set Up Fee

A $500 setup fee will be assessed when the completed Successor Trustee paperwork is provided.

CPT Prepares Successor Trustee Paperwork

$1,000

Set Up Fee

CPT is preparing the Successor Trustee paperwork, a $1,000 setup fee will apply.

TRUSTEE FEE

The flat rate monthly trustee fee is a charge that depends on how many assets are transferring to CPT.

Your CPT Representative will assist you with the day-to-day duties of administering your trust, planning, and budgeting. They provide customer service to ensure your trust account is administered correctly. Please refer to the 3-4-3 Packet as this will provide you with our guidelines and policies.

Trustee Fee

Starting at

$150.00

per month

Included:

  • Communication with main point of contact
    • CPT Institute communicates with one main point of contact. This can be either the Trust Beneficiary or the Trust Beneficiary Advocate listed on the trust documents.
    • This helps both the CPT Representative and main point of contact to limit miscommunication and keep track of responsibilities.
    • CPT Institute will only receive email/phone communication from primary contact for your trust account.

  • Ongoing Trust Account Updates  

  • Quarterly Trust Account Audits to ensure accuracy  

  • Up to 3 a Month Scheduled Meetings for Q&A 

  • Processing of Disbursement Requests  

  • Assistance on Large Purchases 

  • Access to our help@cpttrust.org Team to assist with general questions such as Statuses on DisbursementRequest and Account Balance 

  • Providing of Annual and Quarterly Statements when Requested  

  • Ongoing assistance with Monthly Spending Plan Budgeting   

  • Wellness Checks

  • Unlimited Educational Resources  

  • Webinars  

  • Videos  

  • Quick Reference Guides 

  • Access to our CPT Portal

If you own an asset like an IRA, Home, Vehicle, etc. that is owned by the Trust, there will be a $50.00 monthly fee added to your Trustee Admin Fee.

TAX PREP FEES

Tax preparation fees are the charges associated with having your taxes professionally prepared, whether by a tax preparer, accountant, or using tax preparation software.

Tax Prep Fees

Ranges from $200 – $1000

per year

(Depends on the specific accounting requirements and complexity of the trust’s financial activity.)

All tax preparation services are outsourced to independent tax professionals, as CPT Institute does not prepare tax returns and does not retain, receive, or benefit from any funds associated with these services

CLOSE OUT FEE

Upon the Trust Beneficiary’s death, the account enters a formal dissolution phase to ensure all legal and financial obligations are met before the final transfer of assets.

Close Out Fee

$750.00

One – Time

  • Final Distribution: Once all required payback provisions, Trustee fee’s and final expenses are distributed, the remaining assets will be designated to heirs as outlined in the trust agreement.
  • Closing Services: A specific fee is applied to manage the complexities of account termination, including final financial reconciliation, regulatory filings, and record maintenance.
  • Administrative Oversight: These steps guarantee that the trust is closed with full compliance and accuracy, providing a responsible conclusion to the fiduciary relationship.

ANNUAL AUM MONEY MANAGEMENT FEE

The Annual Money Management Fee of sixty basis points (0.60%) is charged by the financial institution investing your funds. This fee applies ONLY to the portion of your trust assets that are invested. This is an annual fee billed monthly.

Fee Charged by Investment Advisor

0.60%

Assets Under Management, or AUM, is a fee charged by an investment advisor or Trustee based on a percentage of the funds held in the trust account. TrueLink doesn’t charge an investment management fee on the cash portfolio (subaccounts that are not invested), but when it’s an invested subaccount, we charge the investment management fee on the full subaccount daily balance (including any part that’s held in cash for liquidity). Most programs charge this annually on the anniversary date of funding. When advisors or trustees do this, it typically benefits them, not the client. In other words, most programs charge the fee upfront when there is the most money in account instead of periodically through the year as funds are spent. Depending on the client’s rate of the spending, this can result in higher fees overtime for the client.

At CPT Institute, we do not feel that is equitable to our clients. True Link Financial Advisors, calculates AUM based on an average daily balance and assesses the fee quarterly. In other words, our clients pay the AUM as-they-go based on the assets they have instead of being billed when they have the most money in their account.

CONFLICTS OF INTEREST

If a Trustee charges based on a percentage of the Assets Under-Management (AUM), they have a financial incentive to not allow you to spend money from your trust account. Especially for big purchases. That’s why at CPT Institute we choose to charge a flat rate fee instead of an increased percentage of AUM.

Many Trustees hide behind “Principal Reduction Rules” which limits spending more than a given amount or percentage from the Trust. CPT Institute does not abide by this practice.

COMMON UNDISCLOSED FEES

Generally, trusts require language to modify fees based on the client’s situation. Many providers use this as a justification to not disclose all the fees coming from the Trustee and their Custody Agent (i.e. bank). At CPT Institute, fees are 100% transparent and only exclude 3rd-party fees.


Here’s some common hidden fees to watch out for:


  • Case management/consultation fees billed hourly, or by the individual call, from the client.

  • Varying tax preparation fees year-to-year

  • Retention at time of death, many local programs still retain 100% of funds at time of death or charge a “Termination fee” to close the account.

  • Additional fees on structured settlements or annuities assigned to the trust. This is common for Trustees who only charge a percentage of Assets Under Management.

  • Minimum thresholds: once the trustee has allowed the client to spend down a significant amount of the trust corpus, the Trustee may try to transfer you to another program because they can no longer make enough profit on a percentage alone.

OPTIONAL ADMINISTRATIVE ADD-ON FEES

These services are OPTIONAL and can be added to your trust account at any time. 

All Fees are disclosed but tasks are as follows which are not limited to additional preparation.

TrueLink Card

$20.00

per month

Included in package below:


  • 
Card Set-Up
    • 30 Min – Orientation on How To Use The True Link Card
      • Virtual Signing of Agreement
      • Setting up Expectations
      • Q&A 
    • Ordering and Mailing of True Link Visa Card 
    • Setting up Initial Replenishment  
    • Optional: $30 – Rushed True Link Card (Expedited)  

  • CPT Institute to perform administrative tasks as follows: 
    • Administrative upkeep of True link card
    • 1 – Month Replenishment  
      • $75.00 Each Additional Monthly Funding
        • Budgeting preparation not included in Initial monthly replenishment 
        • Request Processing  
    • Monthly True link Spending plan budgeting 
    • Assistance with Receipt Matching 
    • Monthly True link Reconciliation 
 
  • Trust Beneficiary Responsibilities: 
    • Receipt Matching 
    • Monthly True Link Card Reconciliation

TEAM Risk

$50.00

per employee monthly

Included in package below:


  • Account Set-Up
    • Team Risk Application Assistance & Onboarding
    • Researching of Reasonable Wages in the area
  • CPT Institute to perform administrative tasks as follows:
    • Review & Processing of Payroll  
    • Time Sheet Review  
    • Disbursement Requests
    • Caregiving Budgeting and Burn Rate Analysis 

  • Trust Beneficiary Responsibilities:
    • Reviewing and providing employee work logs

Rush Fee

$35.00

Expedited mailing fee on
each Disbursement 
Request

Included:

  • 3-5 business days expedited mail time 

  • Tracking Number

ADDITIONAL FEES

Extraordinary Dedicated CPT Representative Time

$75.00

an hour

This only applies when a Trust Beneficiary requires extraordinary, dedicated CPT Representative Time. Historically this has been applied to less than 1% of our clients).

Examples include:  


  • Sending a box of 15+ receipts for our team to organize, scan, and assist with disbursement request preparation