cumberland trust fee schedule cumberland trust fee schedule

As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. Prior to joining Cumberland Trust, Riley worked as an Operations Analyst at UBS Financial. Before joining the Cumberland Trust team, Jared worked as an associate attorney at Hagan Law Group, PLLC in the practice areas of business law, property law, and estate planning. 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. 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. 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. Prior to joining Cumberland Trust, Melissa worked as a Trust Officer at Riverview Trust Company in Vancouver, Washington. stickman swing cool math; ufc gym plantation; how to send certified mail with return receipt; bronwydd house porth history He is a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. Military discharge certified copy as authorized. (with honors) from the University of Arkansas, Little Rock. Fees and Fines. Beth holds a bachelors degree in Mass Communications with minors in Political Science and English from Middle Tennessee State University. Caroline holds a B.A. in Education from Middle Tennessee State University and a Paralegal Certification from Southeastern Paralegal Institute in Nashville, Tennessee. She has also served as a trust officer in personal trust administration, administering trusts for high-net-worth individuals and families. Sharon Winkler joined Cumberland Trust in 2007 and serves as Senior Vice President, Special Counsel, Chief Regulatory Compliance Officer. She specializes in estate and post-mortem trust administration, especially those involving complicated family structures and tax issues. What is a Directed Trustee? Prior to joining Cumberland Trust, Jeiman served as Treasury Management Officer for Capital Bank. In this role, Dan works closely with external and internal auditors, while managing a team focused on Fiduciary Compliance, Corporate Compliance, Regulatory Compliance, Audit, and Account Transfer. Emily Dye joined Cumberland Trust in 2019. Meredith graduated from Boise State University in Boise, Idaho with a bachelors degree in Business Administration. 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. Outside of work, Stephen enjoys supporting charitable organizations that help raise funds for various non-profits, such as the USO. While in law school, she developed a passion for estate planning during her time in the Homer A. Jones, Jr. Wills Clinic. We are located in one of the most trust-friendly states, giving our clients and their assets access to very favorable trust laws. It is our duty to treat all beneficiaries objectively and impartially. Previously, he worked in the music industry for eight yearsspecializing in song licensing and royalty administration with Capitol Christian Music Group (formerly EMI) and Music Services. Laura specializes in administration with distinctive care services, an extra level of support for clients. Rebecca Halvorson joined Cumberland Trust in 2010. With a connected team of 120+ experts at your service in 10 offices nationwide. She was awarded a J.D. Alex has three years of banking experience prior to joining Cumberland Trust, most recently working at First Tennessee Bank. in Political Science from Northwestern University. Eloise Schroer joined Cumberland Trust as a Trust Specialist in 2022. clerk of court's fee bill adopted pursuant to 42 pa.c.s.a. This legislation allows all of the trust creators top advisors to be involved in the trust management. Outside of work, Brianna has enjoyed volunteering at Atlanta Ronald McDonald House where she helped provide meals to patients and families in residence. Matt focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Control is non-issue. He has held internships with Davos Investment Group, performing macroeconomic and market research; as well as Vault Investment Properties, working with real estate investment. degree in Corporate Finance from the University of Alabama. in Psychology from Sewanee: The University of the South in Sewanee, Tennessee and an M.B.A. from Concordia University in San Antonio, Texas. Debbie joined Cumberland Trust in 2021. in Public Relations with a Minor in Marketing from Belmont University. Heather Logan joined Cumberland Trust in 2022 as Vice President, Director of Human Resources. in Finance from Tennessee Technological University. Heather received a B.A. Mr. Clements heads up a legal team, made up of attorneys, compliance officers, and specialists. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. Previously, Evelyn worked in the banking industry, with experience in audit management, commercial relationship management, and credit analysis. Tim McCoy joined Cumberland Trust in 2022 as a Trust Officer on the Special Needs Trust Administration team. In some cases, the creator of the trust may also name himself as co-trustee to be responsible in part for administering the trust. The Grantor is the creator of the trust. Carla received a B.A. Additionally, she is on the board of the Juvenile Diabetes Research Foundation. 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. Andrea has extensive experience in financial planning, account management, and trust administration and management. Asha holds a B.S. Tennessee has long been a friendly state to trusts, thanks to its favorable tax laws and its adoption of a handful of important asset protection legislation: The Prudent Investor Act, 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. 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 She earned a Master of Management degree from the Kellogg Graduate School of Management at Northwestern University. from Vanderbilt University. Previously, Jennie served as Chief Operating Officer and Corporate Counsel and as Chief Strategy Officer and Assistant General Counsel at Cumberland Trust. All rights reserved. Shannon McGarrity joined the Cumberland Trust team in 2022 as Senior Vice President and Managing Director in Business Development. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Prior to joining Cumberland Trust, Adriana worked as an Account Manager in the direct mail industry, managing the status of accounts and supporting client relationships. from Simon Fraser University in Vancouver, British Columbia, and an M.B.A. from Western Governors University. Chase holds a Bachelors degree in Finance from the University of Tennessee at Chattanooga. All rights reserved. Advisors and estate plannersmay reproduce this survey uponrequest. Prior to joining Cumberland Trust, Susan served as a Presentation Specialist at SunTrust Bank, where she was dedicated to content development and messaging strategy for commercial client services. She also has experience working in personal trust administration with clients requiring senior care and special care services. Most of the people I talked to say the cost of running a trust has already gone about as low as it can go. Judy Johnson began working as part of the Cumberland Trust team in 2011, with over 50 years of experience in estate planning and probate in numerous law offices in both Illinois and in Tennessee. CAREERS & OUR CULTURE Joseph K. Presley Andrea holds a B.A. Prior to her career with Cumberland Trust, Lorena worked with children and families as a nanny and au pair. For 35+ pages, please contact the County Clerk's office at (304) 264-1927. Owen holds a bachelors degree in Economics from The University of the South in Sewanee, Tennessee. An avid supporter of the visual and performing arts, Mr. Presley has served as board member, vice-chair, and treasurer for the Nashville Symphony; board member and finance committee member for Cheekwood; board member, vice-chair, and head of public arts for Nashville for the Metro Arts Commission; and currently as board member of the Arts & Business Council. Phone: 717.240.6100. His focus is on ensuring clients receive the supplemental care and support they need in a timely, professional, and friendly manner. Rates effective: June 28, 2013. by | Jun 10, 2022 | durham university sports and societies | northstar refrigerator reviews | Jun 10, 2022 | durham university sports and societies | northstar refrigerator reviews Building Connected Insurance Offerings Starts With Customer-Focused Innovation, Model Portfolio & SMA Strategists Selection Guide, The 2022 TAMP GROWTH SUMMIT | RECEIVE 1.5 HRS CE CREDIT, 2022 America's Most Advisor Friendly Trust Companies, America's Best Trust Technology Buyers Guide 2021-2022. Others on our list (Advisory Trust, Reliance, Saturna, New Hampshire Trust) justify their minimums at lower levels. She also works with the compliance department to help ensure that accounts are opened and documented accurately. Additionally, she has experience working with Cumberland Trusts legal team. Thats about where vanilla Commonwealth trusts start, Jim McMackin, who runs the companys marketing, told me. In this role, Hannah administers personal trust accounts. Its never as simple as just lining up the fees, says Mike Flinn, a Phoenix-based trust consultant. Prior to joining Cumberland, he also worked as a law clerk for Stites and Harbison, PLLC in Franklin, Tennessee. Alex is the Vice President and Director of Cumberland Trusts personal trust administration division. Tenisha received her masters degree from Ohio University and B.S. Over the past several decades, many states have worked to update trust legislation. Debbie has 32 years of experience in the trusts and estates industry. Sara Kate Nash joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. She earned an MBA and B.S. Safe Deposit Box Rental . Hannah Kimbrough serves as a Trust Officer in Personal Trust Administration. Provide a measure of protection when beneficiaries may lack the maturity or expertise to manage their ownaffairs. Kim holds a B.S. and was a founding member of the organizations Family Council. As a Trust Administrator and collaborative member of the Personal Trust Administration team, Mary Elizabeth provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Matt holds a B.A. Take time to consult with a team of trusted professional advisors (e.g., attorney, financial advisor, CPA) and carefully consider the best options for you and your family. She is a member and past board member of the Financial Planning Association of Greater Memphis and a member of the Memphis Estate Planning Council. He received his J.D. As a collaborative member of the Personal Trust Administration team, Danielle provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. $12.00 for the first 5 pages, $1.00 for each additional page. When asked to present a benchmark, he estimated that a relatively bare-bones Peak Trust account might charge 50 basis points a year or an annual minimum of $3,500. from the University of Florida School of Law. Cumberland Trust acts as a truly independent trust company. Danielle is currently pursuing an MBA with a concentration in Finance. Kimberly holds a B.A. Overview. Alexbeganat Cumberland Trust workingon the legal team and then transitioned to the administration of trust accounts. Heather develops relationships with individuals, families, and their professional advisors in North Carolina, South Carolina, and East Tennessee. Alex serves as Assistant Vice President and Trust Officer in the personal trust administration division. Previously, Elsie worked at Mom and Pop Records assisting with artist management and as a youth specialist at the YWCAs Girls, Inc. program. unit 3: personal and business finance grade boundaries. Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). Rachel now leads the Estate Administration department, which administers trusts and estates of various sizes and complexity throughout the southeast. Michelle Diamond is Chief Development Officer. Trust Advisors - Private Trust Company: Planning, Administration & More Working alongside your chosen team of financial, legal, and tax advisors, we provide experienced trust and estate administration, compassionate hands-on service, guidance, and support through lifes transitions. Previously, Dayton worked in Tuscaloosa, Alabama for Hawkeye Oil and Gas, Inc., a small oil and gas exploration company involved in coal bed methane and other conventional operations in the Black Warrior Basin of Alabama. Kailey McCann joined Cumberland Trust as a Business Development Associate in 2022. She is a member of the National Trust Real Estate Association (NTREA), as well as the National Trust Closely Held Business Association (NTCHBA). Other important documents to consider when drafting a will include power of attorney(s). McGarrity earned a B.S. from the University of Illinois, Champaign-Urbana, IL where she majored in Economics. The Uniform Trust Code, passed in 2004, provides a comprehensive set of laws that allow a trust to be administered very efficiently and effectively. Judy serves as Vice President and Trust Officer on the estate administration team. She received her J.D. in Sociology from Middle Tennessee State University (cum laude) with minors in Global Studies and Business Administration. Register of Wills The primary function of the Register is to determine whether documents offered for probate should be admitted to the official record. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. 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. All rights reserved. He advises the company on trust and estate administration, special assets administration, fiduciary compliance and corporate governance matters. In addition, Dan has over 15 years of custody and trust operations experience from previous positions with State Street Bank and Reliance Trust Company. As Assistant Vice President and Trust Officer, Melissa supports our beneficiaries with special needs, and focuses on providing responsive and attentive service to clients and their financial, legal, and tax professional advisors. Previously, Debbie led the Special Needs Trust team unit at Arden Trust Company in Phoenix, Arizona. Chris Buckley joined the Cumberland Trust team in 2006. In this role, she reviews and drafts documents relating to incoming and transferring trusts. in Economics and Finance from Baylor University in Waco, Texas. Riley holds a B.S. $10.00. The Trust owns the assets and Texas Bank manages the assets for the benefit of specified persons or organizations.TRUSTS UNDER AN AGREEMENT TRUSTS UNDER A WILLFirst $500,000 1.000%Next $500,000 0.800%Next $1,000,000 0.700%Amounts over $2,000,000 0.600%Minimum Fee $1,000LIFE INSURANCE TRUSTS Life Insurance Trusts are trusts that Elizabeth holds a B.A. He assisted the senators staff in the drafting of legislative documents, helped prepare for Senate Appropriation Committee meetings, and learned about the legislative process from behind the scenes. Additionally, she handles special projects for the compliance team. He also leads training initiatives to support Cumberland Trusts growing administration team as they serve clients. Outside of work, he is an avid sports fan and enjoys reading, hiking, exercising, and spending time with friends and family. Lorena holds an Associate degree in Business from Nashville State Community College. Previously, Millie worked in the interior design industry where she specialized in developing interior design solutions and delivering superior client service. Prior to joining Cumberland Trust, Laura worked at Blakeford At Home as a Care Manager and Executive Director, providing older adults with information, services, and guidance to maintain the highest level of independence in their home. SCAM ALERT: Phone scams requesting money have been reported. The Tennessee Community Property Act of 2010 can benefit families nationwide. Caroline L. H. Bradshaw joined the Cumberland Trust team in 2007. Phillip Burnett joined the Estate Administration team as a Trust Administrator in 2018. Decanting is a process whereby assets from an irrevocable trust are moved to a new irrevocable trust with updated provisions. Advises family on tax laws and implications. Jessica serves on the board of The Womens Fund, an endowment fund within The Community Foundation of Middle Tennessee. 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. She is a member of the Knoxville Estate Planning Council and the Institute of Certified Bankers. Prior to joining Cumberland Trust in 2021, Lisa was a senior director and business manager with TIAA, working with their private asset management group. Prior to joining Cumberland Trust, he held corporate accounting positions at internet start-ups and Fortune 500 companies. She builds client relationships by providing proactive, high quality service to clients and their legal, financial, and tax advisors. Previously, Haley worked as a trust specialist in the Distinctive Care Division, specializing in providing assistance to trust officers and administrators, and focusing on supporting clients with special needs. Other companies that start at that level include New Hampshire Trust and Georgia-based Reliance Trust. Based on the west coast of Florida, Bob regularly frequents the major markets across the state. In this role, Jennie works with high-net-worth individuals and families, along with their financial, legal, and tax advisors, to support their trust account management and administration needs. We believe our relationship managers should be fully focused on their current clients. degree in Accounting from Asbury University in Wilmore, Kentucky. 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. Creates engaging experiences that inspire conservation action. Schedule a Visit. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Assistant Vice President & Compliance Officer. Previously, he served as Vice President of business development for a regional trust company in western New York. But beyond that level, technology keeps improving and letting efficient trust companies bring down their overall cost proposition. Plan, preserve, and protect your legacy for generationstocome. His experience also includes positions as Hockey Operations Associate and Assistant Youth Hockey Instructor for the New York Rangers. Homeless Trust Fund Fee $5.00 Assignment of Tax Sale Certificate First page $40.00 Each additional page $10.00 Homeless Trust Fund Fee $5.00 Bill of Sale First page $30.00 Each additional page $10.00 Homeless Trust Fund Fee $5.00 Cancellation of Mortgage Each recording $20.00 Homeless Trust Fund Fee $5.00 Certificate of Incorporation 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. Beth Lee joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. She received a J.D. Outside of work, he enjoys volunteering with the Cystic Fibrosis Foundation, traveling, and playing pickleball. Vice President & Director, Special Asset Administration. , 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. Additionally, she has experience as a sales assistant for a local stock brokerage firm where she was Series 7 and 66 licensed. from the University of Kentucky College of Law in Lexington, Kentucky. She oversees the Special Needs Trust Administration department and manages a growing team of trust officers, administrators, and specialists focused on providing excellent client service. 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. Douglas is a member of the Young Alumni Council and Gordon Ford College of Business Associates at Western Kentucky University. Previously, she practiced estate planning and probate law in Cincinnati, Ohio, working closely with the trust department of a local bank. Posted: February 26, 2021. Site by. Ashley is a Nashville native and earned a B.S. Additionally, he manages a growing team of personal trust officers, administrators, and specialists. He also holds a Six Sigma Yellow Belt certification. He has completed Cannon Trust School I. Originally from New York state, Bob holds a Bachelor of Science degree in Engineering from Rochester Institute of Technology. Prior to joining Cumberland Trust, Mr. Presley served as Senior Vice President and Head of Personal Trust Services for SunTrust Bank where he presided over the personal trust administration, estate settlement, tax, trust real estate, sales, and endowment/foundations divisions. Plan, preserve, and protect your legacy for generationstocome. 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. 40 Burton Hills Boulevard Suite 300, Nashville, TN 37215-6292. , passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. 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. 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. Working with us, you will get to know our team of talented, compassionate, and committed individuals who are active in their communities and passionate about taking care of our clients. in Music Business from Belmont University. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. NO CASH REFUNDS. One of the resulting benefits. Dudleys experience includes working as Senior Vice President at First American National Bank. Personal Trust Administration from the Indiana University Robert H. McKinney School of Law in Indianapolis, Indiana. In many cases, the principal of the trust is distributed to remainder beneficiaries. This fee is not to be assessed on assets for which the gross-value fee was In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. in Advertising and Public Relations from the University of Arkansas. Caitlyn holds a B.S. Rene has worked for more than 20 years in the financial services industry and for the past 15 years specifically with trusts focusing on endowments, foundations, and personal trusts. All rights reserved. She assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. Vice President & Director, Special Assets. In this role, Stephen collaborates with a team working with unique, illiquid, and hard-to-value assets held in trust. Trusts offer an excellent way to plan for the future. There are companies that charge small accounts less (Nevadas Summit Trust will go as low as $100 a year), but plenty start their fees at $4,000 and up. Previously, Helina worked in the banking industry, with experience in data analysis and documenting accounts. Caitlyn A. Lovell joined the Cumberland Trust team in 2019. Kim Kochamba joined the Cumberland Trust Special Needs Trust Administration team in 2023 as a Trust Specialist. This person has built an asset base and wants to ensure that those assets are distributed according to their wishes. All rights reserved. Impartiality. He is a member of the American Association of Petroleum Landmen, a licensed affiliate broker with the State of Tennessee, and a member of the National Trust Real Estate Association (NTREA). He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. 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. Carla Hale joined Cumberland Trust in 2009. Many matters that used to require a court to resolve may now be resolved by agreement among the beneficiaries. Find local administrative orders and rules. On the legal team, as Vice President and Fiduciary Counsel, Caroline reviews and drafts documents relating to trust and estate accounts. Rachel is licensed to practice law in Tennessee.