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â¢ testamentary continuing trusts, from the time the trust is established, and. â¢ all other trusts, from the date when the trust is committed to PTCo's administration. Example â a trust established in a clientâs will (testamentary trust) with assets valued at $5,000,000. The annual fee charged is $68,750.Where PTCo previously administered the clientâs estate an establishment fee is not payable..30% of the gross value of assets of the estate over $1.000,000 up to $3,000,000. 2.20% of the gross value of assets of the estate over $3,000,000 up to $5,000,000. 1.65% of the gross value of assets of the estate over $5,000,000. A minimum capital fee of $19,800 applies.
A testamentary trust is a trust contained in a last will and testament that provides for the distribution of all or part of an estate and often proceeds from a life insurance policy held on the person establishing the trust.There may be more than one testamentary trust per will. 2. testamentary trust is provided for in a last will by the âsettlor,â who appoints a âtrusteeâ to manage the funds in the trust until the âbeneficiary,â or person receiving the money, takes over.