Financial and Investment

Each managed account incurs an annual management fee, calculated and deducted on a quarterly basis. Amounts are determined according to the following table:

Legacy Deo accepts gifts of publicly-traded securities (i.e., stocks, bonds, mutual funds, ETFs, etc.). These gifts can fund new accounts, augment existing accounts, or be contributed to Legacy Deo itself. We also liquidate securities and pass the sale proceeds to another ministry or charity of the donor's choosing.

One-time gifts are charged $25 to receive, sell, and distribute the net proceeds. This amount includes up to three distributions to external ministries or charities. An additional fee of $10 per distribution is charged when the number exceeds three. Statutory fees charged by securities brokers are netted against the proceeds prior to distribution.

Legacy Deo can serve as administrator of an estate. Fees charged will fall within the maximum allowed by the Texas Probate Code. Related travel and administrative expenses are charged at actual cost. Fees are netted against the estate's value.

Gifted real estate, when subsequently sold, incurs a charge equal to 5% of the property's sales price. When a realtor is involved, the fee is reduced to 2%. This fee is netted against the proceeds, which typically includes other charges required to complete the sale.

Most trusts require preparation of an annual tax return. Our base fee is $100, which includes preparation of taxpayer forms such as K-1 and 1099. Complex returns requiring additional preparation time are charged a minimum of $150.

When establishing a new account, Legacy Deo absorbs the first $200 of legal fees. Excess amounts are charged to the account. Fees for legal matters arising after inception are charged to the account.