Trust fees for real estate for my kids, flat fee vs hourly?

[Lee K.]

So, in case my spouse and I pass as we have young kids, when using trust services to manage assets, real estate primarily, is it better to do flat fee for 1.5% or a trust services company that charges by the hour with a published fee schedule? Thanks!

[Ryan Fox]

Also, it may be hard to anticipate whether the trustee will hold on to your assets as real estate or sell it to invest in another asset class.  The trustee has to take into account the needs of all the beneficiaries, as well as the cost of managing the real estate vis a vis stocks / bonds and other asset classes.

Consult your estate planning attorney about all of this (and the prior post) as I am not licensed in your state.