Laguna Honda
Mass Leads FEES

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TRUSTEE SET UP FEE

The trust set-up fee covers the cost of establishing the trust. In addition, we provide a designated CPT Institute representative to assist you throughout the process. You will be given a direct extension and a calendar link to book time with them as needed.

Important Information:

  • The one-time Trust Set-Up Fee will be automatically deducted from the trust account once it has been funded. We do not require any up-front fees!
  • Once the initial deposit is received, funds usually clear within 3-5 business days. An email notification will be sent to the key contact on the account and, if applicable, the source attorney once the funds have cleared.

The trust account will be billed by the 10th day of the following month.

Trust Set Up Fee
Waived

Included:

  • Trust documents
  • Preparation and signing of the applicable trust documents
  • Trust bank account set-up and funding verification
  • Preparation of notices
  • Mailing fees for notices
  • Our new client information
  • Package
  • Assistance with large capital expenses, such as car purchases and home purchases (if applicable)
  • Arrangement of investment portfolio with True Link Financial
  • Introduction meeting (Orientation of the trust account [45 Minutes])
  • 90 Day unlimited Assistance and setting up trust expectation.

MONTHLY FEE

CPT Institute charges a monthly maintenance fee equal to 1.5% of the trust’s assets on an annualized basis.
This fee is assessed monthly and is prorated accordingly.

1.5% Monthly Fee

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 Disbursement Request 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

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.

TAX PREP FEES


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

Tax Prep FEES
$30.00

per year

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.

True Link Card
$20.00

per month

Included in the 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 the 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 
Rtequest

Included in the package below:

  • 3-5 business days expedited mail time 

  • Tracking Number