Document background
The Trustee Fee Agreement serves as a crucial document in Singapore's trust management landscape, establishing clear parameters for trustee compensation. This agreement becomes necessary when appointing professional trustees or trust companies to manage assets, whether for private wealth, corporate, or charitable purposes. The document typically includes detailed fee structures, payment terms, scope of services, and performance metrics, all aligned with Singapore's Trust Companies Act and Trustees Act requirements. The agreement ensures transparency and prevents future disputes regarding trustee remuneration while maintaining compliance with Singapore's regulatory framework.
