Many owners of real estate assets are either absentee owners, or too busy doing what they do best, to maximize their opportunities with an agricultural asset. On occasion, the owners of an agricultural asset do not have the specific experience to know the alternatives and the best course to take. Also, while unfortunate, it is not uncommon for family differences to cause disputes that disrupt the best interest of all parties. In any of these situations, we can step in and work in a fiduciary capacity for the owner or the estate involved. This might involve serving as a trustee for a family trust, mediating a dispute, or merely overseeing an asset or estate with the care that an owner would do for themselves, if they had the time or the expertise.
Larry Lahr is a Licensed Professional Fiduciary, CLPF #644. With a strong background in agricultural and commercial real estate, management, and business. He is uniquely positioned to provide professional, competent, and conflict-free fiduciary support.
Fee Schedule:
Fees are determined on a case-by-case basis, depending on the scope of the estate, the complexity of the assets and the trust agreement. Fees for Trustee work may be based on hourly rates, or as an annual fee based on percentage of the market value of the assets. Rates are subject to periodic adjustment. Below is a general guideline for fees, but each case is determined on a case by case basis depending on such factors including, but not limited to, complexity, timing, risk, etc.
General Management or Consulting $295 – $350 per hour
Trustee Hourly $350 – $425 per hour
– or –
Trustee as a Percentage of Market Value of Assets First $1,000,000 – 1.25%
Next $4,000,000 – 1.00%
Excess over $5,000,000 – 0.60%