The Summit Trust: A Comprehensive Estate Planning Solution

The Summit Trust is a cutting-edge estate planning tool designed to provide unmatched flexibility, asset protection, and tax efficiency. Created as a non-grantor, complex, discretionary, and spendthrift trust, the Summit Trust is ideal for high-net-worth individuals and families seeking a robust solution to protect their financial legacy. It offers advanced strategies to defer capital gains taxes, reduce taxable estates, and minimize personal income taxes, ensuring long-term security and peace of mind.

The Summit Trust is offered by Cutler Riley Law, a trusted leader in estate planning. Their team specializes in creating tailored Summit Trusts to meet the unique goals of each client. Learn more about their services by visiting Cutler Riley Law’s website.

Lone Peak Trustee Services: Professional Summit Trust Administration

At Lone Peak Trustee Services, we provide expert administration for Summit Trusts to ensure proper management, compliance, and fiduciary integrity. Whether you want to retain administrative control or delegate all responsibilities to our team, we offer flexible service options tailored to your needs.

1. Client-Managed Summit Trust Administration

In some cases, clients may wish to retain administrative control over specific aspects of the trust, such as managing investments, overseeing financial operations, or coordinating with advisors. This approach allows you to stay actively engaged with the trust while leaving the most sensitive responsibilities, such as distributions, to our experienced team.

  • Lone Peak Trustee Services is exclusively responsible for all beneficiary distributions, ensuring fairness, compliance, and alignment with the trust’s goals.

  • Clients act as authorized persons for day-to-day administrative tasks, such as investment decisions, with the exception of anything related to distributions.

Fee Structure for Client-Managed Summit Trusts:

Trust Assets Up to $5 Million:

  • Distribution Services: $200 per hour

  • Administrative Support Fee: $2,500 annually ($200/month)

Trust Assets $5 Million to $10 Million:

  • Distribution Services: $200 per hour

  • Administrative Support Fee: $5,000 annually ($400/month)

Trust Assets Over $10 Million:

  • Distribution Services: $200 per hour

  • Administrative Support Fee: $10,000 annually ($750/month)

This collaborative approach is ideal for clients who value control over their trust while leveraging Lone Peak Trustee Services’ expertise for critical fiduciary responsibilities.

2. Full-Service Summit Trust Management

For those who prefer to delegate all aspects of trust management, Lone Peak Trustee Services offers full-service administration. In this model, we handle every element of the Summit Trust, including asset management, compliance, record-keeping, and beneficiary distributions.

Fee Structure for Full-Service Summit Trust Management:

Trust Assets Up to $5 Million:

  • Annual Rate: ~0.56%

  • Monthly Fee Range: $0 – $2,300

Trust Assets $5 Million to $15 Million:

  • Annual Rate: ~0.48%

  • Monthly Fee Range: $2,300 – $4,000

Trust Assets over $15 Million:

  • Annual Rate: ~0.40%

  • Monthly Fee Range: $4,000 – $6,500+

Non-Routine Tasks: Specialized tasks, such as litigation support, advanced tax strategy implementation, or high-level investment reviews, are billed at $200/hour.

Why Choose the Summit Trust?

The Summit Trust, crafted by Cutler Riley Law, is one of the most advanced estate planning solutions available today. With its ability to provide asset protection, tax savings, and customized flexibility, it’s a top choice for high-net-worth families and individuals. Whether you prefer active involvement or complete delegation, Lone Peak Trustee Services ensures that your Summit Trust is managed professionally and efficiently.

For more information about the Summit Trust, visit Cutler Riley Law’s website. If you’re ready to explore administration options with Lone Peak Trustee Services, contact us today to schedule a consultation.

By combining the expertise of Cutler Riley Law and the trusted management of Lone Peak Trustee Services, you can secure your family’s legacy with confidence.