Her past experience also includes positions in the legal field as a Docketing Assistant in Intellectual Property at Kilpatrick Townsend, LLP and as a Legal Assistant in Intellectual Property at Morris, Manning & Martin, LLP. He manages accounts day-to-day financials, while additionally assisting our Fiduciary Compliance Committee. from Baylor University in Waco, Texas. She enjoys welcoming clients and guests, making them feel comfortable and at ease. For example, Santa Fe Trust accepts very small accounts, but according to its published fee scale it will still charge them at least $4,000 a year. Trust fees are headed higher according to our pricing survey completed this week. She received a J.D. At death, a revocable trust designates a successor trustee and outlines distribution of the trusts assets. from the University of Florida School of Law. Prior to joining Cumberland Trust, she worked as an elementary and middle school teacher for more than 20 years in Philadelphia, Nashville, and Pegram. Previously, she practiced Entertainment Law and Labor and Employment Litigation. She has eight years of customer service experience. NO CASH REFUNDS. When I needed to indefinitely postpone my move, they kept all the information about how much furniture I had on . Natalicia Hosseinzadeh joined the Cumberland Trust team in 2018. Previously, she practiced estate planning and probate law in Cincinnati, Ohio, working closely with the trust department of a local bank. Dudley Selinger has been a part of the Cumberland Trust team since 2013. She is a member of the Knoxville Estate Planning Council and the Institute of Certified Bankers. Specialized expertise combined with care and compassion for your family. He received his J.D. Katelynn Novak joined Cumberland Trust as a Trust Specialist in 2021. No fee. In this role, she reviews and drafts documents relating to incoming and transferring trusts. Thats about where vanilla Commonwealth trusts start, Jim McMackin, who runs the companys marketing, told me. cumberland trust fee schedule. Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. He received a J.D. Scott Martin, contributing editor, The Trust Advisor. Comprehensive trust administration, education, and proactive client service for your family. Establishing a trust is not merely a plan to minimize taxes. Cumberland Trust has provided professional, comprehensive estate settlement services for many years throughout the geographic regions where we serve. Previously, she served for ten years as a paralegal and raised her three, now grown, children. in Business Administration from Middle Tennessee State University, with a major in Finance. Lorena has years of experience in multiple specialty areas of trust administration and currently serves as Assistant Vice President and Trust Officer in Special Needs Trust Administration. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. in Political Science from the University of Tennessee, Knoxville and was awarded a J.D. Previously, Rene held the role of Senior Vice President and Managing Director, Corporate Development, working with our business development team to manage our growth throughout the country and implementing strategic initiatives. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. As Vice President, Trust Officer and Manager in personal trust administration, Jared leads a team of personal trust relationship managers and specializes in guiding high-net-worth clients and their professional advisors through the administration of personal trusts. Outside of work, Matt has enjoyed coaching youth golf and basketball, and is an avid Indianapolis Colts and Cincinnati Reds fan. Jessica holds a B.S in Marketing from Indiana University and an MBA from Belmont Universitys Massey Graduate School of Business. She earned a masters degree in Industrial and Organizational Psychology from Middle Tennessee State University. Natalicia has been a member of the National Associate of Realtors and Greater Nashville Realtors Association since 2017. As Trust Officer in personal trust administration, Laura focuses on providing a high quality of service to clients. Asha holds a B.S. 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. Laura Hawken joined Cumberland Trust in 2019. Phillip holds a Bachelors degree in Business Administration with a concentration in Business Management from the University of Mississippi. Shelby holds a B.S. Additionally, she handles special projects for the compliance team. Prior to joining Cumberland Trust, she worked for Larson Juhl as a customer service team leader. She focuses on helping clients needing extra support through the coordination of distinctive care services. With Cumberland Trust serving as an unbiased, third-party executor, co-executor, trustee, or co- trustee, care and attention will be at the forefront as we work to understand the estate plan. Vice President & Director, Personal Trust Administration. overpaid mortgage interest refund. Greg Sauers joined Cumberland Trust as a Trust Administrator in 2020. She focuses on being responsive, attentive, and understanding to build relationships with the clients and families she serves. A lack of planning during life can leave familieswhile grappling with griefnavigating the probate system, inheritance taxes, and other complex issues. Phillip assists in the administration of post-mortem estates and works with clients and beneficiaries to understand the steps of the estate process. There are companies that charge small accounts less (Nevada's Summit Trust will go as low as $100 a year), but plenty start their fees at $4,000 and up. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. in Business Administration and Economics from Rhodes College in Memphis and an M.B.A. in Finance and Marketing from Indiana University. Throughout her time at Belmont, she held internships focusing on account and business management. As a member of the Personal Trust Administration team specializing in Distinctive Care, Andrew provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Use This Bucket Approach From Morningstar, IRS Offers New Rules on Deadline for Using Retirement Forfeitures, Billionaire Investor Bill Gross Rips Absurd CNBC Over Cathie Wood, Automatic 401(k) Enrollment Could Be Coming Soon, House Votes to Overturn Rule Allowing ESG Investing in Retirement Plans, Markets Are Trying to Figure Out What to Anchor to, Strategist Says, Why European Stocks are Currently Outperforming US Stocks, Bond King Jeffrey Gundlach Prepares for Recession 2023. Using the directed trust framework, professional advisors are named, often by the family or beneficiaries, to handle specific duties and responsibilities based on that individuals specialty. Caroline serves as a board member of the YWCA of Nashville and Middle Tennessee. Meg is licensed to practice law in Tennessee. In her role as Assistant Vice President & Trust Officer, Jeiman works with clients on their day-to-day needs while also keeping in mind long-term trust management objectives. Mr. Clements heads up a legal team, made up of attorneys, compliance officers, and specialists. Specialties: "Consistently, Cumberland County Playhouse presents the best musical theater offerings you're likely to find outside of NYC." - Broadway World One of the top professional theaters in rural America, Cumberland County Playhouse in Crossville, TN produces an exciting, diverse lineup of musicals, plays and concerts presented in year-round repertory. Previously, Mrs. Selinger served as the Assistant Director of Development at St. Paul Christian Academy and prior to that as the Interim Development Director at Belle Meade Plantation. Previously, Caitlyn worked as an associate manager at Tumi Inc. and, before that, as an Intern for House Representative Jim Cooper. Prior to joining Cumberland Trust, Ryan worked for litigation firmshandling cases involving complex commercial litigation, bankruptcy, and personal injury. Lisa brings a wealth of experience to the Cumberland Trust team. Credit cards - Credit card payments are being processed through Value Payment Systems (VPS). She studied abroad at the University of London through Biederman Entertainment and Media Law Institute. Andrea has extensive experience in financial planning, account management, and trust administration and management. Outside of work, Stephen enjoys supporting charitable organizations that help raise funds for various non-profits, such as the USO. Prior to joining Cumberland Trust, she worked as a Branch Manager with SunTrust Bank in Nashville, TN. Personal Trust Administration Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. The trustee services offered by an individual trustee mirror those offered by a corporate trustee. 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. Sharon received a B.S. 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. degree in Sociology and minor in Psychology from the University of Southern Illinois-Edwardsville. Dan Jernigan serves as Corporate Secretary, Senior Vice President, and Managing Director of Compliance and Audits for Cumberland Trust. Lorena Suarez joined the Cumberland Trust administration team in 2014. in International Studies, with honors, from Miami University in Oxford, Ohio. Chris Buckley joined the Cumberland Trust team in 2006. Specialized knowledge. Lindsay holds a Bachelor of Music in Music Therapy with a Minor in Psychology from the Berklee College of Music in Boston, Massachusetts. She was formerly the Head Girls Varsity Tennis Coach at Ensworth High School for the 2017-2020 seasons and now coaches independently from a private court in West Meade. To contact us, click here. Highway Opening Permit Application. Additionally, at Belmont, Mary Elizabeth was involved in many organizations, assisting with the recruitment of new students, and maintaining the schools relationship with alumni and board members. Sara received a B.A. Control is non-issue. Vice President & Director, Legal, Senior Fiduciary Counsel. Saving forretirementmay soon be mandatory with employers automatically enrolling new hires into plans when eligible. Specialized expertise combined with care and compassion for your family. from the University of Tennessee College of Law. There's still a fair amount of mystery surrounding exactly whats baked into each of those basis points. Asha Nivison joined Cumberland Trust in 2012. in Spanish from Southern Methodist University in Dallas, Texas. One of the resulting benefits. If you would like to discuss Cumberland Trusts services, were here to help. Prior to joining Cumberland Trust, Shelly founded The Donaldson Law Firm following experience at other firms including Lefkoff, Duncan, Grimes, McSwain & Hass, P.C. Wherever fees go, he says, there are going to be a lot more entrants in the trust service business.. A corporate executor or co-executor can be especially helpful when modern family dynamics may be involved. Impact Fee for Recreational Facilities & Open Space Impact Fee Ordinance. Shannon McGarrity joined the Cumberland Trust team in 2022 as Senior Vice President and Managing Director in Business Development. Ensure that estate taxes are minimized as much aspossible. C. Runcie Clements, IV joined Cumberland Trust and Investment Company in 2002 and serves as Chief Legal Officer and General Counsel. From checking and savings products to business loans . Plan, preserve, and protect your legacy for generationstocome. 2021 Cumberland Trust. Trust Fee Schedule. Previously, Lori served as Senior Vice President and Managing Director of Corporate Strategy. Douglas Stratton joined Cumberland Trust as a Trust Officer in 2022. from Belmont University College of Law. Outside of work, Sarah enjoys spending time with friends and family. Prior to joining Cumberland Trust, Heather worked as Vice President and Trust Officer in the Knoxville area for GreenBank, serving as a relationship manager for trusts, agencies, IRAs, endowments and other institutional accounts throughout East Tennessee and Southern Kentucky. Lindsay Hardin joined the Cumberland Trust team in 2015. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. In this role, Robert works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. In this role, Millie works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. Register of Wills The primary function of the Register is to determine whether documents offered for probate should be admitted to the official record. She focuses on being responsive, attentive, and understanding to build relationships with the clients and families she serves. We believe our relationship managers should be fully focused on their current clients. What are Tennessee Community Property Trusts. 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. The resolution next moves to the Democratic-majority Senate. 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. in Art History with a minor in French from Sewanee: The University of the South in Sewanee, Tennessee. Additional fees may apply for special services. , passed in 2002, encourages the use of modern portfolio theory in managing trust assets and defines how trust investment management may be delegated to an investment manager. Alex is the Vice President and Director of Cumberland Trusts personal trust administration division. Overview. Based in Nashville, TN, Cumberland Trust is a small finance company with only 121 employees and an annual revenue of $2.0M. 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 . $10. from Belmont University College of Law in Nashville. $25.00. in International Studies and French from Rhodes College in Memphis. Prior to joining Cumberland Trust, Jennie served as Vice President at Thompson & Associates, focused on charitable estate planning, Assistant General Counsel of WebMD Envoy, Senior Tax Consultant at Arthur Andersen, and practicing attorney at Waller Lansden Dortch & Davis. in Political Science from Colgate University. 633 Chestnut Street Danielle is currently pursuing an MBA with a concentration in Finance. in Art with a minor in Psychology from West Georgia University in Carrollton, Georgia. In some cases, the creator of the trust may also name himself as co-trustee to be responsible in part for administering the trust. Bob and his wife Jodi have two adult sons, and they live in the Fort Myers, Florida area. Site by Circa Creative Studios. Helina received a B.A. in Political Science from the College of Charleston and serves on the Committee for Institutional Advancement for the Tennessee Performing Arts Center. Over the past several decades, many states have worked to update trust legislation. 3 x 5 - $20.00 3 x 10 - $35.00 5 x 10 - $50.00 10 x 10 . In fact, Lindsays will be the first friendly voice youll likely hear when you call Cumberland Trust. As a trust administrator, Donna collaborates with legal, financial, and tax professionals to ensure all aspects of an estate are given careful attention. Some firms work strictly from a rate card. The Tennessee Investment Services Act, passed in 2007, allows the creator of a trust to place assets in a Tennessee Investment Services Trust, also known as a self-settled or asset protection trust, to protect them from future lawsuits, creditors, and other predators. 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. As an independent trust company, we focus on trust and estate administration services, while collaborating withyou. Prior to joining Cumberland Trust, Rene was Vice President and Trust Advisor with SunTrust Bank and prior to that she was Director of Planned Giving for the YMCA of Middle Tennessee. Katelynn holds a B.S. 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. She is a member of the National Trust Real Estate Association (NTREA), as well as the National Trust Closely Held Business Association (NTCHBA). She supports the estate administration team, providing care and attention to estate and post-mortem trust clients. Rene Frederiksen joined Cumberland Trust 2015. Each relationship manager is part of a team, so there will always be someone available who is familiar with the account. in Finance from the Middle Tennessee State University. What is a Directed Trustee? Gina holds a B.S. Previously, Sloan was with Polo Ralph Lauren Corporation for 14 years, serving in many capacities, including Director of Operations for the company. Prior to joining Cumberland Trust, Gina spent nine years with Merrill Lynch Insurance Group focusing on estate planning through life insurance. Advisors and estate plannersmay reproduce this survey uponrequest. SCAM ALERT: Phone scams requesting money have been reported. Prior to joining Cumberland Trust, she worked for eight years in Special Education for the Williamson County School District. Over the past several decades, many states have worked to update trust legislation. Other high-end trust companies argue that at this level, its pointless to advertise your fees because high-net-worth clients and their advisors are happy to pay for the service. stickman swing cool math; ufc gym plantation; how to send certified mail with return receipt; bronwydd house porth history As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. Kim holds a B.S. She is also an active supporter of Cheekwood and the annual Swan Ball. She also leads strategic initiatives aimed at supporting market growth and commitment to client service, oversees the companys long-term planning goals, and advises on legal fiduciary and corporate governance matters. Prior to joining Cumberland Trust, Emily worked at a holistic wellness center working with client families. Previously, David interned at Valmont Investments and ECOM USA working with real estate and commodities. Alex focuses on providing careful and attentive trust administration, specializing in distinctive care services. In many cases, the principal of the trust is distributed to remainder beneficiaries. High-touch administration for those needing additional support. She enjoys volunteering with animal rescue organizations and supporting various charities to help fight against animal cruelty. As a Trust Officer, Emily provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply. 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. Hannah is a graduate of Eastern Illinois University where she received a B.S. As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. Other companies that start at that level include New Hampshire Trust and Georgia-based Reliance Trust. Its never as simple as just lining up the fees, says Mike Flinn, a Phoenix-based trust consultant. Although the $20,000 minimum fee looks steep at first, it makes a lot more sense when you consider that Northern Trust isnt really interested in personal directed trust accounts with less than $5 million in assets. Matt focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. from Quinnipiac University School of Law in Hamden, Connecticut. While shell take on a tiny trust if the grantor insists, she warns that advisors should recognize that the trust company will pass on the cost of running it and sometimes it just doesnt make sense. We provide continuity to ensure that beneficiaries have a reliable trustee and someone to turn to throughout the duration of the trust, Qualified personal residence trusts (QPRTs). We understand that flexibility and choice are important when it comes to selecting an investment manager. with a focus on comparative law and human rights from Regent University School of Law in Virginia Beach, Virginia. Harriet received a B.S. Ensure that government assistance continues while the basic level of care is supplemented for a child with specialneeds. Prior to her career with Cumberland Trust, Lorena worked with children and families as a nanny and au pair. Lauren Bargo joined Cumberland Trust as a Trust Specialist in 2022. Before that, she was Vice President in the Custody Income Operations department (Global Securities Services) at Deutsche Bank/State Street in Nashville. Prior to joining the legal team, Caroline worked as a Trust Officer in the estates administration department overseeing administration of estate and administrative trust accounts. Site by, New Legislation Maintains Tennessees Status as a Leading Trust-Friendly State. Additionally, he is on the Board of Directors of the Center for Living and Learning and on the Advisory Board for Men of Valor. The upshot is that by concentrating on high-end clients, a white-glove firm like Northern Trust can build a lot of sizzle into its steak, even though the cost per dollar of AUM is comparable to what bare-bones vendors charge. Caroline holds a B.A. Millie Adams joined Cumberland Trust as a Trust Officer in 2022. Prior to joining Cumberland Trust, Runcie was the Charitable Giving Counsel for the American Cancer Society where he advised nationwide staff on legal and tax issues in the areas of planned giving, outright gifts, and other charitable giving arrangements. Outside of work, Eloise enjoys volunteering within the community and spending time with friends and family. 1725.4) effective january 1, 2017: appeal from summary criminal conviction (includes $5 automation fee) $ 48: petition for appeal nunc pro tunc (includes $5 automation fee) $ 48 Diseo y fabricacin de reactores y equipo cientfico y de laboratorio In her current role as Chief Strategy Officer, Lori oversees all marketing, strategy, and corporate initiatives and works in the development, planning, and management of various strategic initiatives aimed at reaching current and new target audiences. from the Nashville School of Law. from Vanderbilt School of Law and holds a Masters in Taxation (LL.M.) , passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. Tim is a graduate of the American Bankers Association Trust School where he earned the Certified Trust and Financial Advisor (CTFA) designation. Additionally, she has experience working with Cumberland Trusts legal team. Prior to joining Cumberland Trust, she served as the trust administration team lead at the Bank of Jackson Hole, Wyoming. Prior to joining Cumberland Trust, Brianna worked as a Business Assistant at a dental practice. Danielle Croteau joined Cumberland Trust as a Trust Specialist in 2022. As Corporate Strategy Officer, Jessica develops the framework and plans to support long-term strategic initiatives for Cumberland Trust. Brianna studied Business Administration at Georgia State University. Rene received her B.A. Jennie serves on the Board of Directors of The Association of Trust Organizations. Previously, Bonnie worked on Cumberland Trusts Operations team. A native of Missouri, Lisa works to expand Cumberland Trusts presence in the Midwest region. Donna Wooden brings an extensive background in customer support, project coordination, and office administration to the estate team. Previously, Mr. Presley served as Chairman, President, and CEO and as President and Chief Operating Officer of Cumberland Trust. Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). Previously, Eleanor worked as an intern for The Frist Centers development department and in the development and finance division of Christies New York. (with honors) from the University of Arkansas, Little Rock. In addition, Dan has over 15 years of custody and trust operations experience from previous positions with State Street Bank and Reliance Trust Company. $10 (register may waive for person over 62 years old) Birth certificate after one year or more for same county, with one certified copy. Caitlyn holds a B.S. Alex serves as Assistant Vice President and Trust Officer in the personal trust administration division. Michelle is a regular speaker for industry-related events nationwide, and she has been published in The Tennessean. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. There is no worry that we will be influenced to favor one beneficiary over another. She is dedicated to expanding our presence in the Georgia market by developing relationships with professional advisors within the local estate planning community and their clients. Prior to joining Cumberland Trust, Layla held the role of contract drafting, review, and negotiation for Vanderbilt University Medical Center as well as experience in due diligence contract review for healthcare companies anticipating mergers and acquisitions. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. Previously, Greg worked in human resources and in youth sports. in Business Administration with a concentration in Pre-Law from the Louisiana State University E.J. Previously, Carla worked in Cumberland Trusts personal trust administration and tax divisions. She received her J.D. Meredith graduated from Boise State University in Boise, Idaho with a bachelors degree in Business Administration. The grantor does not have to be significantly wealthy or have a large number of properties or assets. Agency trust fee schedules are unique as they fall under agency trustee services. Rachel is licensed to practice law in Tennessee. Impartiality. Heather Savage is Senior Vice President and Business Development Officer based out of Cumberland Trusts Knoxville office. As a student, Hannah played all four years on the Division 1 tennis team, and was captain for two years. Prior to joining Cumberland Trust, Haley completed an AmeriCorp term with Harpeth Conservancy. Lori holds a B.A. OUR TRUST PHILOSOPHY What We Do Independent Trust and Estate Administration Expert guidance, proactive education, and hands on services to support you, your family, your assets, and your estate. Debbie Schultz is Vice President and Director of Special Needs Trust Administration at Cumberland Trust. Instead, a trust helps to ensure your assetsthe ones that youve worked so hard to buildare distributed in the time frame and manner you desire. Ashley is a Nashville native and earned a B.S. 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.
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