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. She serves as Senior Vice President and Managing Director of Tax Administration. Shannon McGarrity joined the Cumberland Trust team in 2022 as Senior Vice President and Managing Director in Business Development. He holds a B.B.A. Douglas Stratton joined Cumberland Trust as a Trust Officer in 2022. Provide for the management of assets while a person is still living and govern how assets will be distributed upondeath. Avery Oaks joined Cumberland Trust as a Trust Officer in 2022. She has extensive knowledge in the preparation and review of legal correspondence and compliance documents. April holds a B.S. Specialized expertise combined with care and compassion for your family. It really does depend on what the client wants us to provide, he says. We focus solely on trust and estate administration so that financial advisors, accountants, and attorneys can focus on what they do best. Sharon Winkler joined Cumberland Trust in 2007 and serves as Senior Vice President, Special Counsel, Chief Regulatory Compliance Officer. Prior to joining Cumberland Trust, Sloan worked for more than 14 years as a Private Banker and Assistant Vice President with U.S. Trust Private Wealth Management in Nashville, TN. COVID update: Cumberland Park Apartments has updated their hours and services. 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. Meg started her career with Cumberland Trust in 2011 as a Trust Officer with the Special Needs Administration team and later transitioned to the role of Assistant Fiduciary Counsel. Outside of work, Avery enjoys volunteering as an assistant basketball coach. 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. This person has built an asset base and wants to ensure that those assets are distributed according to their wishes. Prior to joining Cumberland Trust, she served as the founding Director of Operations for a Middle Tennessee anti-human trafficking nonprofit organization. She focuses on topics related to family governance structures, succession planning, and working with a corporate trustee. Wherever fees go, he says, there are going to be a lot more entrants in the trust service business.. In this role, Avery works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. Heather develops relationships with individuals, families, and their professional advisors in North Carolina, South Carolina, and East Tennessee. Prior to joining Cumberland Trust, Bob had an extensive career in asset management, financial consulting, retirement planning, and branch management with Fidelity Investments and Charles Schwab & Company. His prior experience includes serving as Trust Operations Manager for First American National Bank and as a Registered Principal with Summit Brokerage Services. As a collaborative member of the Special Needs Trust Administration team, Robin provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. From checking and savings products to business loans . The resolution next moves to the Democratic-majority Senate. Additionally, he is a member of Estate Planning Council of Middle Tennessee and active member of the University of Tennessee, Knoxville Alumni Association. Our mission is to preserve the natural resources of Cumberland for present and future generations by preserving land for open space. David holds a bachelors degree in economics with a minor in business finance from Sewanee: The University of the South, Sewanee, Tennessee. Posted on . Vice President & Director, Estate Administration. Previously, he worked as a conflict analyst with Pillsbury Winthrop Shaw Pittman. $10. Account minimums tend to be relatively lowWealth Advisors Trust and Santa Fe Trust can theoretically start a trust with as little as $1but expenses can be a little higher to cover the fixed cost of administering these tiny trusts. Vice President, Director of Human Resources. As a collaborative member of the Personal Trust Administration team, Katelynn provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Debbie Schultz is Vice President and Director of Special Needs Trust Administration at Cumberland Trust. All rights reserved. Learn more to protect yourself and avoid falling victim. All rights reserved. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Heather holds bachelors degrees in Psychology and Religion from Lambuth University. She is licensed to practice law in Illinois. She enjoys welcoming clients and guests, making them feel comfortable and at ease. He also leads training initiatives to support Cumberland Trusts growing administration team as they serve clients. NOTE:Accuracy is not guaranteed. Eloise Schroer joined Cumberland Trust as a Trust Specialist in 2022. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Estate and post-mortem trust administration to honor, support, and carry out your wishes. cumberland trust fee schedulesan juan airport restaurants hours. Growth Permit Application - Fillable. Sarah holds a bachelors degree in Finance from Washington State University. in Business Administration from the University of Tennessee, Knoxville and was awarded a J.D. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Outside of work, Bonnie enjoys volunteering at Grace Works and One Generation Away. Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. She is a graduate of Southern Trust School in Mobile, Alabama and has earned her Certified Trust and Financial Advisor designation (CTFA). Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Based on the west coast of Florida, Bob regularly frequents the major markets across the state. Outside of work, he is an avid sports fan and enjoys reading, hiking, exercising, and spending time with friends and family. Katrina holds a B.S.B.A (magna cum laude) in Marketing with a minor in Hospitality from the University of Central Florida. 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. With it, you can use a trust company with trustee fees on your terms. Lauren Bargo joined Cumberland Trust as a Trust Specialist in 2022. June 3, 2022 . in Taxation from the University of Florida Levin College of Law. Agency trust fee schedules are unique as they fall under agency trustee services. Robert holds a B.S. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. Previously, Susan worked as an Engagement Officer for Cumberland Trust, providing direct support to the Business Development team by initiating and developing new Trust opportunities and prospective client relationships, while also working internally to onboard new accounts. 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. $12.00 for the first 5 pages, $1.00 for each additional page. Alex Gillott has been with Cumberland Trust since 2013. and Bachelor of Civil Law from the Louisiana State University Paul M. Hebert Law Center. 2021 Cumberland Trust. Owen Lovell joined Cumberland Trust as a Trust Administrator in 2022. Schedule a Visit. Sharon is a registered CPA in Arkansas and is licensed to practice law in both Arkansas and Tennessee. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. 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. 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. Rachel Fuqua joined the Estate Administration team as a Trust Officer in 2015. She is a Fellow in Charitable Estate Planning from the Institute of Charitable Estate Planning. Danielle holds a bachelors degree in Business Administration from Columbia International University in Columbia, South Carolina. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. Assistant Vice President & Compliance Officer. $10 (register may waive for person over 62 years old) Birth certificate after one year or more for same county, with one certified copy. Our dedicated staff have the time and attention to make sure our mutual clients receive unmatched support, education, and care when they need it most. Some wills can establish trusts for asset protection purposes or determine guardianship of minor children in the event of both parents death. cumberland trust fee schedule. Andrew Serpico joined Cumberland Trust as a Trust Specialist in 2021. If you would like to discuss Cumberland Trusts services, were here to help. 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. At Cumberlands start, Michelle, a Trust Officer, helped to establish the open architecture platform that focuses on helping families and forming partnerships with advisors. Fee Schedule Fee Schedule The Recorder's Office accepts the following payment methods: Checks* - Checks should be made payable to "Recorder of Deeds". Knowledge and experience to navigate complex, hard-to-value, illiquid assets. Elly Hutchings joined the Cumberland Trust team in 2015. In the community, Caitlyn sings Alto 2 for Vox Grata Womens Choir and has been a Board Member of the Tennessee Pride Chamber since 2021. In this role, Ashley provides direct support to the business development team, assisting with ongoing development and onboarding of new and prospective Cumberland Trust clients and their advisors. $25.00. 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. 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. Jessica Kopperud joined the Cumberland Trust team in 2018. Specialized knowledge. 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. Specialized expertise combined with care and compassion for your family. Plan, preserve, and protect your legacy for generationstocome. A corporate executors actions are subject to periodic reviews, not only by the beneficiaries but also by independent auditors and regulatory examiners. Assistant Vice President & Marketing Manager. There is a 2.25% convenience fee with a minimum fee of $2.50 per transaction to the filer 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. Additionally, she is on the board of the Juvenile Diabetes Research Foundation. 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. County of Cumberland, Pennsylvania. Previously, Ashley worked for Newt Gingrichs 2012 presidential campaign. Previously, Mr. Presley served as Chairman, President, and CEO and as President and Chief Operating Officer of Cumberland Trust. He has twenty-four years of experience in banking, education, and trust administration. She received a J.D. Previously, he focused on the administration of life insurance trusts. LOCATIONS NEAR ME Resources and Insights 2022 New Year's Resolutions Andrea has extensive experience in financial planning, account management, and trust administration and management. High-touch administration for those needing additional support. in Business Administration from Middle Tennessee State University, with minors in Economics and Finance. The resulting team of experts then works together to provide the beneficiary with care and expertise, ensuring optimal management and administration of the trustorestate. In this role, she reviews and drafts documents relating to incoming and transferring trusts. Vice President & Director, Personal Trust Administration. In many cases, the principal of the trust is distributed to remainder beneficiaries. Plans for recording must have a scheduled appointment. Ryan earned a Bachelor of Business Administration degree (B.B.A.) Previously, she served for ten years as a paralegal and raised her three, now grown, children. The trustee is held to strict fiduciary standards in order to ensure that they can only use assets from the trust property for the beneficiaries, not for their own benefit. Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). Prior to joining Cumberland Trust, she worked at both HSBC and Merrill Lynch in their offices in the UK, Malta, and the UAE. 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. Previously, Carla worked in Cumberland Trusts personal trust administration and tax divisions. Natalicia holds a degree in Finance with a minor in Accounting from Western Michigan University in Kalamazoo, Michigan. The grantor has ultimate control in setting up the trust: which assets will be transferred into trust, who will serve as trustee while he or she is living and after his or her death, and how the trust property will be administered during or after his or her lifetime. We balance any requests against the interest of both the current income and remainder beneficiaries. Debbie holds an Executive J.D. With a connected team of 120+ experts at your service in 10 offices nationwide. Danielle Croteau joined Cumberland Trust as a Trust Specialist in 2022. He is a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. She continues to volunteer with the Harpeth Conservancy working on the Tennessee rivers. in Finance from The University of Memphis. Since our relationship managers do not have sales goals and have a manageable number of accounts, they are able to develop long-term relationships with their clients and regularly communicate with them, as needed. Asha holds a B.S. 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. Kailey earned a B.A. 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 . Prior to joining Cumberland Trust, Shelly founded The Donaldson Law Firm following experience at other firms including Lefkoff, Duncan, Grimes, McSwain & Hass, P.C. Over the past several decades, many states have worked to update trust legislation. We're here to help guide you through this process and discuss your future at Cumberland University. She received her Masters degree in Management from Embry-Riddle Aeronautical University. 19 reviews of Cumberland Park Apartments "I lived in Cumberland Park for approximately 7 months during an internship. Alex focuses on providing careful and attentive trust administration, specializing in distinctive care services. With a connected team of 120+ experts at your service in 10 offices nationwide. $20.00. Provide regular disbursements to someone who is unable to manage large sums ofmoney. Request Information Schedule A Visit You're ready for this. , passed in 2004, provides a comprehensive set of laws that allow a trust to be administered very efficiently and effectively. Additionally, she serves as a member of the St. Louis Estate Planning Council. Either way, its good to know what the market value of trust services. 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. Layla is licensed to practice law in Tennessee and Louisiana. McGarrity earned a B.S. She received her J.D. Find local administrative orders and rules. Douglas is a member of the Young Alumni Council and Gordon Ford College of Business Associates at Western Kentucky University. BBB File Opened: 2/19/2004. She is also an active supporter of Cheekwood and the annual Swan Ball. Lindsay Phillips joined Cumberland Trust as a Trust Specialist in 2022. As Vice President and Trust Officer, Sara manages personal trust relationships. High-touch administration for those needing additional support. Douglas Kirkpatrick joined Cumberland Trust in 2009. She specializes in estate and post-mortem trust administration, especially those involving complicated family structures and tax issues. from Vanderbilt School of Law and holds a Masters in Taxation (LL.M.) Home - Cumberland Trust We are a family-focused independent trust company. Previously, Matt Co-Chaired the Paul E. Skeens Scramble for HELP, a golf event that helped raise proceeds for scholarships for need-based, learning-disabled students at Marshall University. 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. Business Started Locally: Outside of work, Sarah enjoys spending time with friends and family. degree in Sociology and minor in Psychology from the University of Southern Illinois-Edwardsville. Helina received a B.A. Haley holds a degree in environment and sustainability with a minor in political science from Sewanee: The University of the South in Sewanee, Tennessee. Credit cards - Credit card payments are being processed through Value Payment Systems (VPS). With a connected team of 120+ experts at your service in 10 offices nationwide. Lindsay has a wealth of experience in customer service and provider relations in the healthcare field as well as teaching and communications. Each time they were early or on time, fast, and provided excellent service. Other important documents to consider when drafting a will include power of attorney(s). Emily holds a B.S. 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. Lindsay holds a Bachelor of Music in Music Therapy with a Minor in Psychology from the Berklee College of Music in Boston, Massachusetts. in International Studies and French from Rhodes College in Memphis. In this role, Matt works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Andrew is an avid hockey enthusiast. Alex Walker joined the Cumberland Trust administration team in in 2017. degrees in Finance and Management from Lipscomb University. For many families, naming a corporate executor, co-executor, trustee, or co-trustee is preferable to burdening a family member with such a role. No products in the cart. She focuses on helping clients needing extra support through the coordination of distinctive care services. Our team is experienced in handling specialized trusts, illiquid assets, and navigating complex family dynamics with diplomacy and respect. While theyre a valuable component of estate planning, trusts offer more than simply a way to disburse assets upon death or minimize paying taxes. Vice President & Director, Special Needs Trust Administration. Elizabeth is licensed to practice law in Tennessee and Kentucky. He received a J.D. She has also served as a trust officer in personal trust administration, administering trusts for high-net-worth individuals and families. Her previous experience also includes work as an accountant and as a lawyer in private practice. Responsibilities. Phillip assists in the administration of post-mortem estates and works with clients and beneficiaries to understand the steps of the estate process. The Tennessee Community Property Act of 2010 can benefit families nationwide. Please consult the institution directly to confirm costs. She is a part of the Young Leaders Council, Class 74. Rebecca holds a B.A. 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. 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. in Finance with a concentration in Entrepreneurship from the University of Tennessee, Knoxville. Melissa Murray joined the Cumberland Trust Special Needs Trust Administration team in 2021. As Vice President of Corporate Development, Douglas works to expand Cumberland Trusts relationships with families and advisors in the Nashville region. Prior to joining Cumberland Trust, she worked as a Customer Service Representative with State Farm. Alex holds a B.S. Cumberland, OH. A thoughtful estate plan is one of the best gifts you can leave to your family and loved ones. She is a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. She earned a Master of Management degree from the Kellogg Graduate School of Management at Northwestern University. Toll Free: 1.888.697.0371. Additionally, she is a member of the Estate Planning Council of Middle Tennessee. 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. in Music Business from Belmont University. Tim is a graduate of the American Bankers Association Trust School where he earned the Certified Trust and Financial Advisor (CTFA) designation. 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. Layla Hebert joined the Cumberland Trusts legal team in 2021 and serves as Fiduciary Counsel. Natalicia Hosseinzadeh joined the Cumberland Trust team in 2018. 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. Other companies that start at that level include New Hampshire Trust and Georgia-based Reliance Trust. Growth Permit - Application. and MBA from the University of Memphis. launchpad classlink nmusd; cantonese text to speech; 15 second tv commercial script examples For example, if the trust is worth $2 million, the trustee would receive $20,000 compensation that year. 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 previously served as an Assistant Vice President and Trust Advisor at SunTrust administering trusts and managing high net worth client relationships. This document allows the trust creator or grantor to place selected assets in trust. All rights reserved. in Finance from Tennessee Technological University. It all depends on the size of account they're courting and what makes economic sense, Christopher Holtby, president of Wealth Advisors Trust Company, told me. Cumberland Trust & Investment Co. is a privately controlled organization and a par See more Address Multiple locations Size Small Founded 2001 CEO Joseph K. Presley Type Company - Private Revenue $5M to $10M Industry Investing Companies Website https://cumberlandtrust.com Similar companies See what companies are similar to Cumberland Trust While $3,000 happens to be what Advisory Trust charges on the low end, it does seem to be an informal sweet spot within the trust industry. Impartiality. 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. Tuition and Fees. Meredith graduated from Boise State University in Boise, Idaho with a bachelors degree in Business Administration. Prior to joining Cumberland Trust, Katelynn worked for several years in Operations within the financial industry. Our advisor-friendly commitment to independent trust and estate administration allows financial advisors, estate planning attorneys, and accountants to provide their expertise, while we focus on performing our fiduciary duty and taking care of our mutual clients. 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. 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. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Trust Advisors - Private Trust Company: Planning, Administration & More Decanting is a process whereby assets from an irrevocable trust are moved to a new irrevocable trust with updated provisions. So that provides a floor on what people can offer.. Additional fees may apply for special services. Plan, preserve, and protect your legacy for generationstocome. Please email recorder@cumberlandcountypa.gov or call 717.240.6370 to schedule an appointment. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Jeiman earned a Bachelors degree in Business and Technology from the University of Connecticut. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. Estate and post-mortem trust administration to honor, support, and carry out your wishes. Previously, Bonnie worked on Cumberland Trusts Operations team. In this role, Riley works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. 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. 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. 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. Previously, Chris served as Senior Vice President, Managing Director, and Head of Administration. Establishing a trust is not merely a plan to minimize taxes. Caroline also serves as the business development liaison, representing Cumberland externally and working closely with the Business Development team in evaluating new business opportunities. EMAIL. All rights reserved. in Political Economy from Sweet Briar College in Sweet Briar, Virginia. Senior Vice President & Managing Director, Trust Administration. Stephen Granberg joined the Cumberland Trust Special Asset Administration team in 2022 as a Special Assets Administrator. In addition to providing the unique expertise required for estate and post-mortem trust administration, we appreciate the importance of expressing compassion, understanding, and consideration toward your family members during a particularly emotional time. Cumberland County. 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. Senior Vice President & Managing Director, Corporate Development. Avery holds a B.S. Susan serves as Corporate Strategy and Marketing Officer, supporting Cumberland Trusts growth and nationwide reach through content creation, media relations, and the development, planning, and management of various strategic initiatives aimed at reaching current and new target audiences. Hannah is a graduate of Eastern Illinois University where she received a B.S. Overview. really really smart guy in Math). 2021 Cumberland Trust. He manages accounts day-to-day financials, while additionally assisting our Fiduciary Compliance Committee.