DRAGOMIR FIDUCIARY SERVICES INCORPORATED

dba Dragomir Trust & Estate Services

 

NOTIFICATION TO CONSUMERS:    Professional Fiduciaries are licensed and regulated by the California Professional Fiduciaries Bureau Professional Fiduciaries Bureau Telephone: (916) 574-7340  Website:   https://www.fiduciary.ca.gov/

 

Legal Disclaimer:    This company is NOT a Law Office, Tax Office or Investment Firm.  Consequently no information contained on this page or provided by anyone from this firm is to be used or acted upon as legal, tax or investment advice .  All Fiduciary capacities in which members of this firm serve in require an Attorney be retained to represent them.  Other professionals such as Tax Advisers, Investment Managers, Geriatric Care Managers, Doctors, Caregivers, Nurses and other professionals will be retained as required.

 

Company Info:   We are a privately owned California Licensed Professional Fiduciary Firm dedicated exclusively to providing Trust Administration Services via our licensed fiduciaries, Brenda Dragomir CLPF #655, Mircea "Mike" Dragomir CLPF #188 and also via our in house client account managers and other support staff.

 

Client Centered and Team Oriented Trust & Estate Professionals:    We are committed to working in partnership & harmony with our clients & their advisory team that includes Attorneys, Tax Advisors, Investment Advisers, Property Managers, Care Managers and Other Professionals in order to serve & protect clients and prudently manage their assets for them and also for future generations.

 

Capacities served by our Licensed California Professional Fiduciaries and National Certified Guardians include:

  • Trustee, Attorney in Fact, Agent for Health, Corporate Officer
  • Ability to be appointed to serve as Successor Trustee, Attorney in Fact, Agent or Corporate Officer for future client needs

Bonding:  Professional Fiduciaries may be required to be bonded for the liquid assets under management if so requested by the client, court or the client's counsel. The cost of the bond will be paid directly from the client's account (trust, estate or other).

 

Professional Services Rates:

 

Annual Percentage Rates: The greater of either the sum total of the hourly fees or the following percentage fees shall apply, with the Annual fees calculated and billed monthly in arrears on the monthly Fair Market Value of Assets (FMVA): 0.75% of FMVA for the first $10 Million 0.50% for FMVA of the next $10 Million 0.25% for the FMVA above $20 Million
  • Hourly Rates: California Licensed Fiduciary/National Certifiied Guardian Rate $185/hr;  Client Account Manager $105/hr; Office/Project Manager $95/hr; Administrative Support $85/hr; Litigation/Testimony/Complex Services Rate $300/hr with the hourly rate increased annually per the percentage increase info published by the US Bureau of Labor for “Changing Compensation Costs in the San Jose Metropolitan Area – Total Compensation Costs for Private Industry Workers”.

Transactional Services Rate: In addition to the above rates, a one-time fee of 1% of the Fair Market Value (FMV) will be charged for the risk and liability assumed in matters negotiated and/or resolved regarding the following: Sale/Purchase of Real Estate and Business Entities; Obtaining Loans (R/E, Business or other Loans); Lease Agreement Negotiations; Settlement of Litigation Matters; Collection Services of Complex or Special Assets, including but not limited to sale, access, control & possession of foreign and out-of-state assets, businesses, patents, royalties, intellectual property or similar out of the ordinary matters.

 

IIrrevocable Life Insurance Trust (ILIT) Administration Rate: On a Contract Year Basis, this fixed rate only applies to ILIT administration:  $2,500 per year.  Coordination of policy claims & trust administration actions after insured(s)' passing shall be subject to the above hourly, percentage and/or transactional fee services rates this firm has in place at that time.

 
Costs: In-house costs for materials, routine copies, filing, faxes, correspondence, emails, electronic file management, reports, correspondence are billed to the client at 6% of the client’s total billed time for services rendered. Bonding, postage/shipping, historical file archiving, electronic conversion, storage, insurance & other out of pocket costs will be itemized & passed through at cost or paid directly from client funds.
 
Contact Info:       Phone:  (408) 978-8101     Fax:  (408) 978-8044    Email:    trustee@dfstrust.com  
Mailing Address:  Dragomir Trust & Estate Services  Post Office Box 111387 Campbell CA 95011-1387    
Office Address:    Please call or email us for the physical address if needed.