What is a Paymaster?
You may seek to have funds held in trust for future acts or transfers. As a result, you may wish to have a trustworthy individual to hold such funds who they know will perform as instructed when the time comes. As licensed professionals and officers of the court, attorneys are held to higher standards, thereby making them one of the best candidates for a Paymaster. Most attorneys already have trust accounts allowing them to hold funds in trust until the client instructs him/her to disburse those funds.
If you are need of a law firm to hold funds for transactions or distribute funds to a pool of entities, our Firm will provide such services. Once the proper documentation is received, we will act as set forth in the documentation to distribute the funds accordingly.
- Any individual or entity looking to securely transfer funds.
- Perhaps goods must be shipped and buyer does not wish to transfer funds directly until the goods arrive.
- Individuals seeking to have funds disbursed to one or more individuals using trusted attorneys for the disbursement.
|No Setup Fee|
|Payments in excess of $25 million||25 basis points (1/4 of 1%)|
|Payments from $10 million to $25 million||38 basis points (38/100 of 1%)|
|Payments from $5 million to $10 million||48 basis points (48/100 of 1%)|
|Payments from $1 million to $5 million||60 basis points (6/10 of 1%)|
|Payments from $500,000 to $1 million||80 basis points (8/10 of 1%)|
|Payments less than $500,000||1%|
|Minimum paymaster fee is $250.|
***Prices reflect fees to attorney, prices do not include costs associated with a particular transaction.
Depending on Specifications
Why choose our firm?
We understand the importance of holding funds in trust and ensuring funds arrive at the proper destination. Therefore, we will take great care in following your instructions with respect to the proper disbursement of the funds.