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Home / Uncategorized / Trustee Fee – Passive Services – Minimum – 1 Year
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Trustee Fee – Passive Services – Minimum – 1 Year

$195.00

Minimum annual trustee fee for the first parcel of residential real property held in a trust for which THSC is the trustee and the services are of a passive nature, such as a typical land trust.

— OR —

SKU: Tfee-Pas-min-1YR Category: Uncategorized
  • Description

Description

The trustee fee applies to each parcel of real property in each trust.

Passive services apply to a typical land trust, or similar, which is directed by one or more beneficiaries who handle the day-to-day affairs of the property. The annual services include:
◦THSC holding title as record title of the trust in the County Official Records.
◦THSC forwarding routine mail such as property tax bills to one designated address within three business days of receipt. THSC will open the mail, scan the contents and email the contents to the designated member.
◦THSC will execute one routine document per year involving a non-member, such as a lease or an extension of a lease. The transaction must be on a standardized form of a routine nature. More complex transactions will incur additional review fees. The trustee will also acknowledge up to one change of beneficial interest per year for no additional charge.

The annual fee for passive services for a single family residence is 0.02% of the estimated Fair Market Value of the property held in trust with a minimum of $195 for the first property in a trust plus a minimum of $135 per property in excess of one per trust. The annual fee commences when the duty of trustee has been accepted by THSC and the trust has been assigned a trust identification number. This item applies to the $195 minimum fee for the first property.

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Please visit our Members page to learn how you can become a member of Title Holding Services Corporation and become eligible to enjoy the benefits of a title holding service for your property.

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To obtain the services of THSC to provide title holding services for one or more of your properties, or for a property you want to purchase, please visit our Services page.

Office

U.S. Mail to:
PO Box 5308
Blue Jay, CA 92317
Physical Location (no mail service):
28200 Highway 189, Ofc F240-26
Lake Arrowhead, CA 92352
Phone/Fax: 1-855 My THSC1 (1-855-698-4721)
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