Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. Some select this option to avoid a lengthy probate process and protect the privacy of the grantor and beneficiaries of the trust. Site by, New Legislation Maintains Tennessees Status as a Leading Trust-Friendly State. Additionally, she serves as a member of the St. Louis Estate Planning Council. Estate and post-mortem trust administration to honor, support, and carry out your wishes. Just another site. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. Jessica holds a B.S in Marketing from Indiana University and an MBA from Belmont Universitys Massey Graduate School of Business. Avery Oaks joined Cumberland Trust as a Trust Officer in 2022. 2021 Cumberland Trust. Plan, preserve, and protect your legacy for generationstocome. Her duties include coordinating the purchase and sale of properties held in trust, analyzing appraisals and inspections, overseeing the management of special assets owned in trust, and navigating complicated situations to provide excellent client service to families that have special assets in their trust portfolios. Prior to joining Cumberland Trust, Katelynn worked for several years in Operations within the financial industry. She is a member of the National Trust Real Estate Association (NTREA), as well as the National Trust Closely Held Business Association (NTCHBA). Previously, Zandra worked in retail management. Matt Skeens joined Cumberland Trust as a Trust Administrator in 2022. In many cases, the principal of the trust is distributed to remainder beneficiaries. $20. Ashley Fischer joined Cumberland Trust as a Business Development Associate in 2021. Whether you're just getting started or expanding to serve more customers in our Tennessee communities, we'll make sure you've got the banking support required for success. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Additionally, she is on the board of the Juvenile Diabetes Research Foundation. She is a member of the Knoxville Estate Planning Council and the Institute of Certified Bankers. This document allows the trust creator or grantor to place selected assets in trust. $12.00 for the first 5 pages, $1.00 for each additional page. Other companies that start at that level include New Hampshire Trust and Georgia-based Reliance Trust. Kim Kochamba joined the Cumberland Trust Special Needs Trust Administration team in 2023 as a Trust Specialist. Growth Permit Application - Fillable. Assistant Secretary, Assistant Vice President & Director of Finance. But there are a lot of vendors out there that are happy to offload the investment responsibilities and knock a bit off their fees in return. Lauren holds a bachelors in business administration and a MBA from the University of Mississippi. Prior to joining Cumberland Trust, Millie served as an Associate Wealth Advisor at Truxton Trust, providing sophisticated and personalized wealth management services. . Years in Business: 22. Business Started: 1/1/2001. Andrea Higgins joined Cumberland Trust as a Trust Officer in 2022. Katelynn holds a B.S. In her role as Assistant Vice President and Trust Officer, Katrina works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. As Vice President, Trust Officer, and Manager in personal trust administration, she is responsible for working with high-net-worth individuals and families on trust account management and administration. Comprehensive trust administration, education, and proactive client service for your family. Shannon McGarrity joined the Cumberland Trust team in 2022 as Senior Vice President and Managing Director in Business Development. Site by Circa Creative Studios. ", Maybe $2,500, he conceded. Prior to joining Cumberland Trust, Avery was an associate attorney at Brazil Clark, PLLC and worked as an Investment Advisor at Valor Financial Services. High-touch administration for those needing additional support. Trust Fee Schedule. in Political Science from the University of Tennessee, Knoxville and was awarded a J.D. The resulting team of experts then works together to provide the beneficiary with care and expertise, ensuring optimal management and administration of the trustorestate. Dayton received his B.A. Rachel is involved with the Pencil Foundation for Metro Nashville Public Schools literacy program, where she works with elementary students to help them improve their reading comprehension and writing skills. Prior to joining Cumberland Trust, Chase worked at Bellhops in Chattanooga as a Business Analyst. (with honors) from the University of Arkansas, Little Rock. For 35+ pages, please contact the County Clerk's office at (304) 264-1927. Previously, she served as a Trust Specialist in administration and as she developed relationships there, Lindsay discovered that what she enjoys most is speaking with clients and interacting with them more personally on a daily basis. For many families, naming a corporate executor, co-executor, trustee, or co-trustee is preferable to burdening a family member with such a role. In these instances, planning for the unimaginable may help avoid unnecessary guilt and stress and relieve caregivers of decision-making burdens during unexpected medical emergencies. His prior experience includes serving as Trust Operations Manager for First American National Bank and as a Registered Principal with Summit Brokerage Services. Prior to joining Cumberland Trust, Bonnie was a Retirement Plan Co-Implementation Manager at The Retirement Plan Company, LLC where she managed an implementation team and handled trading requests for client 401ks and Required Minimum Distributions. She is based in Austin and frequents the Dallas and Houston markets, connecting Texas individuals and families with high caliber trust and estate administration services. SCAM ALERT: Phone scams requesting money have been reported. Establishing a trust is not merely a plan to minimize taxes. April Drennan joined Cumberland Trust in 2019. Prior to joining Cumberland Trust, Jennie was Director of Client Strategy and Product Development at Trilliant Health. Cumberland Trust has grown to $5.6 billion in assets under administration and the company continues to deepen its reach in regional markets with additional offices located in Atlanta, Austin . As a Business Development Officer, Bob focuses on building relationships with financial advisors, attorneys, and tax professionals throughout the state of Florida. This could mean naming current beneficiaries and then allowing for the inclusion of others born after the trusts inception. The Playhouse celebrates its 50th . Prior to joining Cumberland Trust, Owen was a Trust Associate with Pendleton Square Trust Company in Nashville, Tennessee. Since the company's founding in 2001, it has grown to more than 120 employees, serving. The resulting team of experts then works together to provide the beneficiary with care and expertise, ensuring optimal management and administration of the trustorestate. What is a Directed Trustee? With a connected team of 120+ experts at your service in 10 offices nationwide. The announcement comes as Cumberland Trust recently reached $5 billion in assets under administration. Senior Vice President & Managing Director, Business Development. As a collaborative member of the Personal Trust Administration team, Greg provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. In this role, Matt works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Previously, Sloan was with Polo Ralph Lauren Corporation for 14 years, serving in many capacities, including Director of Operations for the company. Military discharge certified copy as authorized. Caitlyn holds a B.S. Prior, Meg practiced as an Associate Attorney at Goodman Callahan Blackstone, PLLC, handling Estate Administration and Probate. Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). The Grantor is the creator of the trust. This person, group of people, or institution benefits from the trust, eventually receiving some or all of the property placed in the trust. Financial advisors, accountants, and attorneys need a collaborative, non-competitive trust solution for their clients. One of the resulting benefits. Shelly Donaldson serves as the Vice President and Business Development Officer based in Cumberland Trusts Atlanta office. Business Started Locally: Laura specializes in administration with distinctive care services, an extra level of support for clients. At an annual fee of 75 basis points, this suggests that a trust really needs to have more than around $533,000 in it to earn out that $4,000 minimum fee. Mary Elizabeth Carothers joined Cumberland Trust in 2021. As Vice President and Manager, Business Development Associate, Carla oversees the onboarding of new business in the Nashville area while managing a team of engagement officers. As Trust Officer in personal trust administration, Laura focuses on providing a high quality of service to clients. . Trust fees are headed higher according to our pricing survey completed this week. Trustee fees are the payments that'll be made to your appointed Trustee in exchange for the service they'll provide as they fulfill their duties in the role. As a trust administrator, Donna collaborates with legal, financial, and tax professionals to ensure all aspects of an estate are given careful attention. Owen focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Prior to joining Cumberland Trust, Sharon spent 16 years as an estate tax attorney with the Internal Revenue Service, where she examined federal estate and gift tax returns and ensured compliance with tax law. Creates engaging experiences that inspire conservation action. Meet Our Personal Trust Administration Team, Conveniently Headquartered in Trust-Friendly Tennessee. In this role, Hannah administers personal trust accounts. They may be a parent with a large life insurance policy who wants to guarantee that their children are provided for without receiving a large sum of cash all at once. He is past President of the following organizations: the Estate Planning Council of Nashville, the Tennessee Bankers Association Trust Division, and the Planned Giving Council of Nashville. We are located in one of the most trust-friendly states, giving our clients and their assets access to very favorable trust laws. Assistant Vice President & Marketing Manager. Sara Kate Nash joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. It all depends on the size of account theyre courting and what makes economic sense, Christopher Holtby, president of Wealth Advisors Trust Company, told me. She also works with the compliance department to help ensure that accounts are opened and documented accurately. Vice President & Business Development Officer. Lindsay has a wealth of experience in customer service and provider relations in the healthcare field as well as teaching and communications. Previously, while attending law school, he served as a law clerk to the Honorable Judge Kathleen N. Gomes in Division 1 of the Shelby County Probate Court. If youre like many individuals this time of year, youre starting the year off by creating a list, Working with an attorney to determine what estate planning documents best fit your and your familys needs is, In a revocable or living trust, the trust creator retains rights over the trust, including the ability to. , passed in 2004, provides a comprehensive set of laws that allow a trust to be administered very efficiently and effectively. Caroline received a B.A. Sloan Shell joined Cumberland Trust in 2015. with a focus on comparative law and human rights from Regent University School of Law in Virginia Beach, Virginia. Prior to joining Cumberland Trust, Meredith worked for over five years with Nike, Inc. in their Tennessee offices. 2017 TheTrustAdvisor.com, One thing we discovered: if you just want a no-frills account, Flinn adds, its probably going to cost at least $3,000 a year. Prior to joining Cumberland Trust, she worked for eight years in Special Education for the Williamson County School District. Heather holds bachelors degrees in Psychology and Religion from Lambuth University. A qualified executor must have good business sense, understand the complexities of the various laws of taxation and administration that apply to an estate, provide detailed record keeping, and provide timely and consistent communication. FEE SCHEDULE Effective 7/1/22 * All permits and plan review fees included + Additional fees apply as needed for additional inspections # All fees based upon valuation shall be calculated using a signed contract for work. Prior to Cumberland Trust, April worked at SunTrust Bank (now Truist) as a Trust Advisor, as well as a Closely-Held Business Asset Manager, where she managed a portfolio of privately-held assets owned in trusts or other structures where SunTrust had a fiduciary capacity. Bob Carville joined the Cumberland Trust team in 2022. from Vanderbilt University. Additionally, she handles special projects for the compliance team. While attending college, she held various internships in sales and marketing. Yes, we have a team dedicated to the administration of Special Needs Trusts. All rights reserved. Working with your legal, financial, and tax advisors, we will ensure that assets are collected and properly administered; any obligations are satisfied; and property is distributed to or for the benefit of your heirs. in Political Science from the College of Charleston and serves on the Committee for Institutional Advancement for the Tennessee Performing Arts Center. from Quinnipiac University School of Law in Hamden, Connecticut. Brianna studied Business Administration at Georgia State University. Layla Hebert joined the Cumberland Trusts legal team in 2021 and serves as Fiduciary Counsel. In this role, Shannon leads the companys business development team as they connect individuals, families and their financial, legal, and tax advisors with Cumberland Trusts high caliber trust and estate administration services. All rights reserved. in Accounting (cum laude) and a J.D. Roberts previous experience also includes roles at LegacyTree Foundation and Regions Bank. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. As an independent trust company, we focus on trust and estate administration services, while collaborating withyou. Cumberland Trust Education Administration and distributions Record-keeping and reporting Premier client service Conveniently Headquartered in Trust-Friendly Tennessee With a connected team of 120+ experts at your service in 10 offices nationwide. Greg Sauers joined Cumberland Trust as a Trust Administrator in 2020. in Economics and Finance from Baylor University in Waco, Texas. Sharon received a B.S. As Senior Vice President and Managing Director of Trust Administration, Caroline is responsible for relationship management and account administration, with a focus on high-net-worth families and their needs. Prior to law school, Jared served as a Supply Chain Analyst with General Electric. from Western Kentucky University in Bowling Green, Kentucky. what lottery has the best odds in ontario; dora dolphin birthday; shooting rest for hunting; cool military callsigns; A series of fortunate events July 20, 2020. Lisa Tesar is a vice president and business development officer based in Cumberland Trusts St. Louis office. In this role, Lisa focuses on building relationships with external advisors (including financial advisors, attorneys, and accountants), individuals and families through personalized trust and estate services. She is also a past board member of The Bobby Dodd Institute, a nonprofit that helps individuals living with a disability succeed at work, in the community and in life. Stephen holds a bachelors degree in Managerial Economics with a concentration in Business Economics from the University of California, Davis. Outside of work, he enjoys volunteering with the Cystic Fibrosis Foundation, traveling, and playing pickleball. Lou Anne earned a B.A. Meet Our Estate and Post-Mortem Trust Administration Experts, Conveniently Headquartered in Trust-Friendly Tennessee. from the University of Arkansas School of Law and holds her LL.M. Current beneficiaries are entitled to receive current income or principal distributions from the trust either at the discretion of the trustee or as required by the terms of the document. Sharon Winkler joined Cumberland Trust in 2007 and serves as Senior Vice President, Special Counsel, Chief Regulatory Compliance Officer. Dudleys experience includes working as Senior Vice President at First American National Bank. . Jeiman Dosky joined Cumberland Trusts Administration team in 2016. She is also an active supporter of Cheekwood and the annual Swan Ball. from Belmont University College of Law in Nashville. Most of the people I talked to say the cost of running a trust has already gone about as low as it can go. As Vice President and Director of the Special Assets team, Dayton works primarily in the evaluation and ongoing administration of special assets, including mineral, oil and gas interests, commercial and residential real estate, closely held business interests, agricultural and rural real estate, timber properties and promissory notes. She is licensed to practice law in Illinois. No cost to post a project to get multiple bids in hours to compare before hiring. Matt focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Lindsay Hardin joined the Cumberland Trust team in 2015. As Vice President of Corporate Development, Douglas works to expand Cumberland Trusts relationships with families and advisors in the Nashville region. As a collaborative member of the Personal Trust Administration team, Bonnie provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Show all. DURING THIS TIME, the county clerk's OFFICE HAS BEEN RELOCATED TO 1760 S MAIN ST (old progressive savings bank) and they are Open 8 am - 5 pm, mon - fri. Control is non-issue. She continues to volunteer with the Harpeth Conservancy working on the Tennessee rivers. He specializes in guiding high-net-worth individuals and families through the administration and management of personal trusts and foundations. Papers for birth certificate in another county one year or more after birth. NO CASH REFUNDS. On the legal team, as Vice President and Fiduciary Counsel, Caroline reviews and drafts documents relating to trust and estate accounts. Previously, Lou Anne served as Director of the State Advocacy Resource Center of the American Medical Association, where she represented the AMA before the highest levels of state political and medical organizations. She focuses on providing premier and attentive service to our clients and families with special needs. in Accounting. It also reduces capital gains tax implications after the death of one spouse. Previously, he worked as a conflict analyst with Pillsbury Winthrop Shaw Pittman. His previous experience also includes serving as an Assistant Property Manager/Property Accountant at Avison Young and as a Customer Service Representative at Wilson Bank & Trust. She supports the estate administration team, providing care and attention to estate and post-mortem trust clients. He has also worked in a private legal practice in the areas of estate planning, taxation, real estate, and general business. Shelly served on the Executive Committee of the Georgia Bar Association Fiduciary Law Section and was a past chair of the Atlanta Bar Estate Planning and Probate Section. Some of these accomplishments include winning the TIAA Excellence Award, serving as a TIAA Emerging Leader, on the Diversity and Inclusion Council and as a corporate United Way liaison. As Vice President and Trust Officer, Sara manages personal trust relationships. She has also worked for more than 24 years in the financial services industry, including roles as Vice President and Manager of Private Client Services at First Tennessee Bank and as a Financial Advisor with Heidtke & Company. Andrea has extensive experience in financial planning, account management, and trust administration and management. degree in Corporate Finance from the University of Alabama. The grantor retains rights over the trust and may change or revoke the trust at any time. Tenisha Clausi joined the Cumberland Trust team in 2013. Outside of work, Sarah enjoys spending time with friends and family. Here she provided comprehensive investment management and trust services, while representing individuals and families in Texas and Louisiana. Senior Vice President & Managing Director, Tax. The Tennessee Community Property Trust Act, passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. We dont take a trust that isnt going to be profitable, she told me. Just as each life and family is unique, so is each estate left behind. Additionally, she has worked with Life Crisis Services and the Incarnate Word Hospital. Michelle Diamond is Chief Development Officer.
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