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If the cash and market value of the other principal assets are: Annual fee: $500,000.00 or less 1.75 percent of the cash and market value of the other principal assets. More than $500,000.00 but not more than $1 million $8,750.00 plus 1.25 percent of the excess over $500,000.00. More than $1 million but not more than $2 million $15,000.00 plus 1.00 percent of the excess over $1 million. More than $2 million but not more than $5 million $25,000.00 plus 0.85 percent of the excess over $2 million. More than $5 million $50,500.00 plus 0.50 percent of the excess over $5 million.
History. Code 1981, § 53-12-210 , enacted by Ga. L. 2010, p. 579, § 1/SB 131; Ga. L. 2011, p. 752, § 53/HB 142; Ga. L. 2018, p. 262, § 15/HB 121; Ga. L. 2020, p. 377, § 1-81/HB 865.
The 2020 amendment, effective January 1, 2021, substituted “The trustee and all” for “All” at the beginning of paragraphs (a)(1) and (b)(1); substituted “or” for “and” at the end of paragraph (a)(1); inserted “that” in paragraph (c)(1); and substituted “not more” for “less” three times in the table in subparagraph (c)(2)(B).
Law reviews.
For article on the problems and benefits of multiple fiduciaries in estate planning, see 33 Mercer L. Rev. 355 (1981).
For annual survey of law on wills, trusts, guardianships, and fiduciary administration, see 62 Mercer L. Rev. 365 (2010).
For article on the 2018 amendment of this Code section, see 35 Ga. St. U. L. Rev. 219 (2018).
For article with annual survey on wills, trusts, guardianships, and fiduciary administration, see 73 Mercer L. Rev. 281 (2021).