Previously, Stephen served as Fiduciary Counsel and Special Assets Officerreviewing and preparing documents and working with unique, illiquid, and hard-to-value assets held in trust. She serves as Corporate Events and Strategy Associate, supporting the marketing and strategy teams in growing Cumberland Trusts reach across the country. Permits, Applications & Fees | cumberlandme Home Home About Cumberland Departments Active Living 55 + Mission Book Delivery Service Community Resources Cumberland Area Rides (CAR) Durable Medical Equipment Handy Helpers Mornings With Friends Property Tax Assistance Service Request Vendor List Vendor Referral Volunteer Application Administration in Art with a minor in Psychology from West Georgia University in Carrollton, Georgia. Estate and post-mortem trust administration to honor, support, and carry out your wishes. She specializes in estate and post-mortem trust administration, especially those involving complicated family structures and tax issues. The grantor retains rights over the trust and may change or revoke the trust at any time. 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. As Trust Officer in personal trust administration, Laura focuses on providing a high quality of service to clients. Rene received her B.A. Prior to joining Cumberland Trust, she served as the trust administration team lead at the Bank of Jackson Hole, Wyoming. As Cumberland Trust grew, Michelle developed the blueprint for expansion into regional markets and she worked to open our nine regional offices. 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. An estate or post-mortem trust must be administered carefully, often considering a broad range of assets, specific wishes of the testator, and unique personalities of the beneficiaries. from the University of Kentucky College of Law in Lexington, Kentucky. Layla Hebert joined the Cumberland Trusts legal team in 2021 and serves as Fiduciary Counsel. Sharons primary responsibilities involve reviewing and preparing documents and considering tax, legal and other compliance issues with regard to Cumberland Trust and its clients. Previously, she worked as a Teller, then Personal Banker and Assistant Manager in consumer banking at Bank of America, then with Private Wealth Management at U.S. Trust, and on the Commercial Banking Team at Bank of America. President, Chief Operating Officer & Corporate Counsel. Growth Permit Application - Fillable. Previously, Sloan was with Polo Ralph Lauren Corporation for 14 years, serving in many capacities, including Director of Operations for the company. Wendy Maynard joined the Cumberland Trust Asset Transfer team in 2021 as an Asset Transfer Specialist. Prior to joining Cumberland Trust, she worked as a Customer Service Representative with State Farm. Scott Martin, contributing editor, The Trust Advisor. 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. 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. Mary Elizabeth holds a Bachelor of Business Administration (BBA) degree in Finance and a secondary degree in Music Business from Belmont University in Nashville. 36-2000 (42 pa.c.s.a. in Economics and Finance from Baylor University in Waco, Texas. Multi-Participant Trust legislation was enacted in 2013 that encourages the use of trust advisors and trust protectors to assist in the management of a trust. Sharon is a registered CPA in Arkansas and is licensed to practice law in both Arkansas and Tennessee. Emily holds a B.S. Stephen holds a bachelors degree in Managerial Economics with a concentration in Business Economics from the University of California, Davis. Senior Vice President & Managing Director, Tax. Lauren Bargo joined Cumberland Trust as a Trust Specialist in 2022. He is licensed to practice law in Tennessee. 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. Establishing a trust is not merely a plan to minimize taxes. Prior to joining Cumberland Trust, she worked as an elementary and middle school teacher for more than 20 years in Philadelphia, Nashville, and Pegram. Caroline also serves as the business development liaison, representing Cumberland externally and working closely with the Business Development team in evaluating new business opportunities. Prior to joining Cumberland Trust, Elly served as Deputy Finance Director for a Nashville mayoral campaign and prior to that as a director of a prison re-entry program in Texas. Our Cumberland Trust Family is Here to Take Care of Yours Trusted relationships are at the heart of what we do. 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. Deed Of Trust. Sarah holds a bachelors degree in Finance from Washington State University. Financial advisors, accountants, and attorneys need a collaborative, non-competitive trust solution for their clients. 2021 Cumberland Trust. from Vanderbilt School of Law and holds a Masters in Taxation (LL.M.) Register of Wills The primary function of the Register is to determine whether documents offered for probate should be admitted to the official record. Rachel now leads the Estate Administration department, which administers trusts and estates of various sizes and complexity throughout the southeast. and M.Ed in Special Education from the College of Charleston. Trusted relationships are at the heart of what we do. in Spanish from Southern Methodist University in Dallas, Texas. 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. She holds a B.B.A. She continues to volunteer with the Harpeth Conservancy working on the Tennessee rivers. Evelyn Leonard joined the Cumberland Trust team in 2016 and works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. The grantor also specifies the purpose of the trust: if the trust may be altered (and by whom), powers given to the trustee, and when disbursements are to be made. In these roles, Robin helped families find solutions to support their loved ones diagnosed with dementia and Alzheimers disease. Northern Trust doesnt publish its fee scale, but president Dan Lindley was kind enough to give The Trust Advisor a peek. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Prior to joining Cumberland Trust, Jessica worked in sales and marketing for 13 years helping small and mid-sized business owners realize their business goals. A beneficiary can be a person or an institution. from Southwestern Law School in Los Angeles. from the Cumberland School of Law at Samford University in Birmingham, Alabama. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Leslie earned a B.A. She received a B.B.A. The trustee is responsible for managing and administering the trust and strictly adhering to the terms of the trust as well as applicable state law in performing its duties. Lori Thoeny joined Cumberland Trust in 2008 after working more than 15 years in the brokerage industry. Site by Circa Creative Studios, Conveniently Headquartered in Trust-Friendly Tennessee. What are the potential benefits and protections offered byatrust? Danielle holds a bachelors degree in Business Administration from Columbia International University in Columbia, South Carolina. 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. LOCATIONS NEAR ME Resources and Insights Additionally, she has experience working with Cumberland Trusts legal team. 7A-307(a)(2a). This person, group of people, or institution benefits from the trust, eventually receiving some or all of the property placed in the trust. Earlier in his career, he served as Assistant Vice President and Trust Officer and as an Operations Supervisor at Independence Trust Company. from Indiana University Maurer School of Law and is licensed to practice law in Tennessee. Of all of the apartment complexes I have lived in and seen, this is definitely one of the best. If an individual is named to settle your estate, that person could become sick, injured, or have other personal or business interests interfere at a time when his or her presence is crucial. Hitting the sweet spot is part art, part science, he explains. The place is well-maintained and the pools are absolutely beautiful. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. realized gains on the sale of any and all trust assets. Find Cumberland Commercial Lease Amendment lawyers in Rhode Island to hire. Senior Vice President & Managing Director, Corporate Development. from Vanderbilt University. 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. Lorena Suarez joined the Cumberland Trust administration team in 2014. Andrew is an avid hockey enthusiast. $20.00. in Advertising and Public Relations from the University of Arkansas. Plan, preserve, and protect your legacy for generationstocome. He received his J.D. $25.00. She received her Masters degree in Management from Embry-Riddle Aeronautical University. Services are intended to be all-inclusive. Some firms work strictly from a rate card. Prior to joining Cumberland Trust, he held corporate accounting positions at internet start-ups and Fortune 500 companies. in Business Administration from Belmont University and an M.B.A. from the Jack C. Massey School of Business at Belmont University. He holds a B.S. 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. She is a part of the Young Leaders Council, Class 74. 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. Creates engaging experiences that inspire conservation action. It also reduces capital gains tax implications after the death of one spouse. A lack of planning during life can leave familieswhile grappling with griefnavigating the probate system, inheritance taxes, and other complex issues. Leslie is a member of the Tennessee Bar Association and is licensed to practice law in Tennessee. in Psychology from Agnes Scott College in Decatur, Georgia. Some of the advantages of a corporate executor include: Establishing an estate plan is essential and can provide you and your family with security and peace of mind for the future.Estate planning is not one-size-fits-all and varies in complexity depending on individual needs. Shelly Donaldson serves as the Vice President and Business Development Officer based in Cumberland Trusts Atlanta office. Outside of work, Eloise enjoys volunteering within the community and spending time with friends and family. Menu viscount royal caravan. Debbie is a Certified Trust and Financial Advisor (CTFA), graduate of the Cannon Trust School, through Cannon Financial Institute, and has received the Chartered Special Needs Consultant (ChSNC) Designation. 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. He also holds a Six Sigma Yellow Belt certification. To find out where the sizzle hits the steak for various types of trust company, The Trust Advisor conducted a survey below of what theyre charging. EMAIL. Matt holds a B.A. In this role, Sara Kate works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. Roberts previous experience also includes roles at LegacyTree Foundation and Regions Bank. from Quinnipiac University School of Law in Hamden, Connecticut. He received a J.D. Emily Dye joined Cumberland Trust in 2019. Previously, Mr. Presley served as Chairman, President, and CEO and as President and Chief Operating Officer of Cumberland Trust. from the University of Arkansas School of Law and holds her LL.M. Kailey earned a B.A. Joseph K. Presley is Chairman and CEO of Cumberland Trust and has supported its commitment to client service, development, and market growth since he joined the company in 2001. Debbie Schultz is Vice President and Director of Special Needs Trust Administration at Cumberland Trust. There is no worry that we will be influenced to favor one beneficiary over another. Quarterly fee of $15.30 per account. The Admissions Office is open Monday through Friday from 8am to 4:30pm CST. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. Vice President & Director, Estate Administration. The Trust Advisor realizes that this is not a comprehensive list of all firms. He specializes in guiding high-net-worth individuals and families through the administration and management of personal trusts and foundations. Susan Smith joined the Cumberland Trust team in Atlanta in 2017 to help service the ever-growing Georgia market. Assistant Vice President & Special Assets Officer. Fees for managing smaller trusts aren't calculated by percentage because it could eat up a lot of the trust funds. Previously, she worked for seven years as a Registered Sales Assistant with a financial advisory firm. All rights reserved. Our mission is to preserve the natural resources of Cumberland for present and future generations by preserving land for open space. One of the resulting benefits. But at that level, its going to be very difficult to stay in the business.. Jennie holds a B.S. Choosing Cumberland Trust provides the peace of mind that comes from knowing you will have a qualified, caring, and independent corporate executor or trustee. 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. With a connected team of 120+ experts at your service in 10 offices nationwide. Dan Jernigan serves as Corporate Secretary, Senior Vice President, and Managing Director of Compliance and Audits for Cumberland Trust. 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. She focuses on helping clients needing extra support through the coordination of distinctive care services. 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. Melissa Murray joined the Cumberland Trust Special Needs Trust Administration team in 2021. 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. Jennie holds a B.S. She is a Fellow in Charitable Estate Planning from the Institute of Charitable Estate Planning. In fact, Lindsays will be the first friendly voice youll likely hear when you call Cumberland Trust. Advisors and estate plannersmay reproduce this survey uponrequest. Shelly graduated cum laude from the Fredric G. Levin College of Law at the University of Florida, where she also served as an editor of the Law Review. Alex holds a B.S. Douglas Stratton joined Cumberland Trust as a Trust Officer in 2022. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. Previously, Carla worked in Cumberland Trusts personal trust administration and tax divisions. Douglas Kirkpatrick joined Cumberland Trust in 2009. Chase holds a Bachelors degree in Finance from the University of Tennessee at Chattanooga. Nathan Hyde joined the Cumberland Trust team in 2002 and serves as Senior Vice President and Director, Business Continuity and Information Security. in Political Science from Northwestern University. $10.00. Caitlyn serves as a Trust Officer, focusing on the day-to-day administration of Special Needs Trust (SNT) relationships. in History of Art and Architecture from the University of Reading in England. Provide a measure of protection when beneficiaries may lack the maturity or expertise to manage their ownaffairs. Caroline L. H. Bradshaw joined the Cumberland Trust team in 2007. How Can They Provide Better Service to Families. Tim McCoy joined Cumberland Trust in 2022 as a Trust Officer on the Special Needs Trust Administration team. Once a Northern Trust account grows beyond $30 million, the company will only charge 5 basis points: $500 a year per $1 million.). This fee is not to be assessed on assets for which the gross-value fee was 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. 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. A native of Missouri, Lisa works to expand Cumberland Trusts presence in the Midwest region. degree in Accounting from Asbury University in Wilmore, Kentucky. 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. Elsie currently serves as a Business Development Associate in Atlanta, assisting in the onboarding of new trust and estate accounts for families and their professional advisors. Definition of a Corporate Trustee 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. 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. in finance from Auburn University. Donna Wooden brings an extensive background in customer support, project coordination, and office administration to the estate team. Specialized expertise combined with care and compassion for your family. One of the resulting benefits. in Psychology and Sociology from Western Kentucky University. Vice President & Director, Estate Administration. Stocks, after a few years of. Our relationship managers provide a high level of communication and responsiveness for the clients we serve. Site by Circa Creative Studios, 40 Burton Hills Blvd #300, Nashville, TN 37215, USA, 633 Chestnut St, Chattanooga, TN 37450, USA, 334 Ebenezer Rd, Knoxville, TN 37923, USA, 1000 Ridgeway Loop Rd #105, Memphis, TN 38120, USA. Robert Ottinger joined Cumberland Trust as a Trust Administrator in 2021. Eleanor Claiborne joined the Cumberland Trust team in 2012 and works in corporate strategy, events, and marketing. unit 3: personal and business finance grade boundaries. Natalicia has been a member of the National Associate of Realtors and Greater Nashville Realtors Association since 2017. LOCATIONS NEAR ME Resources and Insights 2022 New Year's Resolutions in Business Administration from Auburn University. Meredith focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. 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. Elizabeth holds a B.A. Newly contributed or acquired assets do not include assets acquired by the sale, transfer, exchange, or otherwise of the amount of trust property on which fees were previously assessed." G.S. in Communications and English from Hope College in Holland, Michigan. Plumbing Permit Application. We work closely with attorneys and financial advisors who have established estate plans and investment objectives for their long-standing clients. Comprehensive trust administration, education, and proactive client service for your family. 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. Bonnies previous experience also includes roles at JP Morgan Chase and Deutsche Bank. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. Andrea Higgins joined Cumberland Trust as a Trust Officer in 2022. Heather Logan joined Cumberland Trust in 2022 as Vice President, Director of Human Resources. NO CASH REFUNDS. Nathan is a Certified Securities Operations Professional (CSOP), a designation awarded by Cannon Financial Institute. Previously, he worked in the financial solutions industry. Previously, she practiced estate planning and probate law in Cincinnati, Ohio, working closely with the trust department of a local bank. Natalicia holds a degree in Finance with a minor in Accounting from Western Michigan University in Kalamazoo, Michigan. Brianna McCray joined Cumberland Trust as a Trust Specialist in 2021. Caroline is a regular speaker for industry events nationwide and has been a guest of the Wealth Matters radio show. She is a graduate of Southern Trust School in Mobile, Alabama and has earned her Certified Trust and Financial Advisor designation (CTFA). Alex is the Vice President and Director of Cumberland Trusts personal trust administration division. Site by. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. 40 Burton Hills Boulevard Suite 300, Nashville, TN 37215-6292. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. from Belmont University College of Law in Nashville. Outside of work, Avery enjoys volunteering as an assistant basketball coach. 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. Eloise Schroer joined Cumberland Trust as a Trust Specialist in 2022. She focuses on being responsive, attentive, and understanding to build relationships with the clients and families she serves. Senator Thad Cochran (Mississippi). Thats really the minimum anyone can comfortably charge. 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. 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. She is a graduate of Cannon Financial Institutes Trust School and has been awarded the Certified Trust and Financial Advisor (CTFA) designation.
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