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. With a connected team of 120+ experts at your service in 10 offices nationwide. Prior to joining Cumberland Trust, Gina spent nine years with Merrill Lynch Insurance Group focusing on estate planning through life insurance. 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. Bob and his wife Jodi have two adult sons, and they live in the Fort Myers, Florida area. "Northern Trust in Delaware charges a reasonable, competitive fee and in return provides comprehensive services to our directed trust clients backed by more than 120 years of experience as a fiduciary, Lindley told me. in Communication from Salem College in Winston-Salem, North Carolina. We work closely with attorneys and financial advisors who have established estate plans and investment objectives for their long-standing clients. 633 Chestnut Street Our Cumberland Trust Family is Here to Take Care of Yours Trusted relationships are at the heart of what we do. Elizabeth Kaegi joined the Cumberland Trust legal team in 2021 and serves as Fiduciary Counsel. Kathy Roberts of Santa Fe Trust agrees. in Communication Studies with an emphasis in Public Communications from Marshall University in Huntington, West Virginia. Phone: 717.240.6100. One of the resulting benefits. Stephen Granberg joined the Cumberland Trust Special Asset Administration team in 2022 as a Special Assets Administrator. by | Jun 10, 2022 | durham university sports and societies | northstar refrigerator reviews | Jun 10, 2022 | durham university sports and societies | northstar refrigerator reviews During her time at Sewanee, she was also a Sustainability Fellow. Dan Jernigan serves as Corporate Secretary, Senior Vice President, and Managing Director of Compliance and Audits for Cumberland Trust. Caroline Mitchell joined Cumberland Trust in 2019. In this role, she works closely with clients and their families, along with their legal, financial, and tax professional advisors. 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. Assistant Secretary, Assistant Vice President & Director of Finance. from Southwestern Law School in Los Angeles. In this role, Riley works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. 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. In this role, Meredith works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. Caroline L. H. Bradshaw joined the Cumberland Trust team in 2007. Prior to joining Cumberland Trust, he held corporate accounting positions at internet start-ups and Fortune 500 companies. 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. Rates effective: June 28, 2013. 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. Once a Northern Trust account grows beyond $30 million, the company will only charge 5 basis points: $500 a year per $1 million.). While attending college, she served as a member of the executive student government and assisted University Admissions in the recruitment of prospective students. She has particular expertise in tax and estate planning involving real estate, closely held business entities and planning for a family member with a disability (Special Needs Planning). 3 x 5 - $20.00 3 x 10 - $35.00 5 x 10 - $50.00 10 x 10 . Senior Vice President & Business Development Officer. David holds a bachelors degree in economics with a minor in business finance from Sewanee: The University of the South, Sewanee, Tennessee. Find local administrative orders and rules. 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. 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. The Cumberland Land Trust is a private, non-profit, charitable, conservation organization run by a dedicated group of volunteers. She serves as a Business Development Associate overseeing the onboarding of new business opportunities. Rachel holds a B.A. Heather develops relationships with individuals, families, and their professional advisors in North Carolina, South Carolina, and East Tennessee. Tim McCoy joined Cumberland Trust in 2022 as a Trust Officer on the Special Needs Trust Administration team. Meg holds an A.B. What are the potential benefits and protections offered byatrust? Specialized expertise combined with care and compassion for your family. * Preservation fee added to every recorded . Laura Hawken joined Cumberland Trust in 2019. Ensure that estate taxes are minimized as much aspossible. Lou Anne Wolfson joined Cumberland Trust in 2013. from Quinnipiac University School of Law in Hamden, Connecticut. Site by Circa Creative Studios. Elly received a B.S. $25.00. and Morris, Manning & Martin, LLP. Previously, she worked for seven years as a Registered Sales Assistant with a financial advisory firm. Originally from New York state, Bob holds a Bachelor of Science degree in Engineering from Rochester Institute of Technology. Site by Circa Creative Studios. Prior to joining Cumberland Trust, she worked in telecommunications and has previous experience in accounts payable, accounts receivable, payroll and taxes. Emily Dye joined Cumberland Trust in 2019. Prior to joining Cumberland Trust, Dan was Vice President and Audit Supervisor of Internal Audit for Reliance Trust Company/Fidelity National Information Services, Inc. (FIS). Tennessee is one of only three states that allow community property trusts. Jared is a member of the Tennessee Bar Association and is active with the Estate Planning and Probate Section. 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. 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. Previously, Greg worked in human resources and in youth sports. Site by Circa Creative Studios. As Cumberland Trust grew, Michelle developed the blueprint for expansion into regional markets and she worked to open our nine regional offices. April is also a graduate of ABA Trust School, as well as Cannons Unique and Hard to Value Assets School. Meg Cressman joined the Cumberland Trust team in 2022 as Vice President, Compliance and Audit Officer. She assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. Explore North Carolina's counties for court services and information, such as courthouse locations, jury service, contacts, and more. She also manages a growing team of Special Assets Administration professionals providing specialized administration of these complex trust assets. Rene received her B.A. For many families, naming a corporate executor, co-executor, trustee, or co-trustee is preferable to burdening a family member with such a role. Over her tenure at Cumberland, she has gained a broad knowledge of the trust industry and has worked with a variety of trust types and circumstances. Ensure that assets such as a family business are leftundivided. Prior to joining Cumberland Trust, she served as the trust administration team lead at the Bank of Jackson Hole, Wyoming. Lindsay Phillips joined Cumberland Trust as a Trust Specialist in 2022. Asha Nivison joined Cumberland Trust in 2012. His focus is on ensuring clients receive the supplemental care and support they need in a timely, professional, and friendly manner. Sara Kate is licensed to practice law in Tennessee. 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. A native of Missouri, Lisa works to expand Cumberland Trusts presence in the Midwest region. Prior to joining Cumberland Trust, he worked as the Amateur Hockey and Fan Development Coordinator for the Nashville Predators. Others on our list (Advisory Trust, Reliance, Saturna, New Hampshire Trust) justify their minimums at lower levels. Debbie holds an Executive J.D. Outside of work, he is an avid sports fan and enjoys reading, hiking, exercising, and spending time with friends and family. Each time they were early or on time, fast, and provided excellent service. Layla Hebert joined the Cumberland Trusts legal team in 2021 and serves as Fiduciary Counsel. Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. Trust Advisors - Private Trust Company: Planning, Administration & More Kimberly George joined the Cumberland Trust team in 2014. Each relationship manager is part of a team, so there will always be someone available who is familiar with the account. Creates engaging experiences that inspire conservation action. She received a J.D. Prior to joining Cumberland Trust, Elizabeth practiced as a contract attorney with Legility, LLC. We believe our relationship managers should be fully focused on their current clients. Previously, Carla worked in Cumberland Trusts personal trust administration and tax divisions. 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. Emily holds a B.S. Over the past several decades, many states have worked to update trust legislation. He is licensed to practice law in Tennessee. During her time at U.S. Trust, she assisted families with multi-generational financial planning, credit needs and overall wealth management services. 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 these instances, planning for the unimaginable may help avoid unnecessary guilt and stress and relieve caregivers of decision-making burdens during unexpected medical emergencies. 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. Previously, she served as Treasurer at Fort Vancouver TV. A healthcare or financial power of attorney can give the individual(s) you select the authority to make healthcare and financial decisions on your behalf in case you become incapacitated. In this role, Avery works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. Danielle is currently pursuing an MBA with a concentration in Finance. Bid Notifications. Meet Our Personal Trust Administration Team, Conveniently Headquartered in Trust-Friendly Tennessee. from the University of Kentucky College of Law in Lexington, Kentucky. Learn more to protect yourself and avoid falling victim. Show all. 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. Additionally, she is on the board of the Juvenile Diabetes Research Foundation. Cumberland County. He also works with the compliance department to help ensure that accounts are opened and documented accurately. Jodi works in support of our Middle Tennessee market region, and specializes in providing responsive support to new clients and their financial, legal, and tax professional advisors. Alex has three years of banking experience prior to joining Cumberland Trust, most recently working at First Tennessee Bank. 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. from the University of Illinois, Champaign-Urbana, IL where she majored in Economics. Trusts offer an excellent way to plan for the future. in Finance from Tennessee Technological University. Site by Circa Creative Studios, Conveniently Headquartered in Trust-Friendly Tennessee. Assistant Vice President & Special Assets Officer. Rebecca has participated in the Memphis Business Journal Table of Experts panel conversations. Asha holds a B.S. . In fact, Lindsays will be the first friendly voice youll likely hear when you call Cumberland Trust. She is licensed to practice law in Illinois. Many matters that used to require a court to resolve may now be resolved by agreement among the beneficiaries. By comparison, Wealth Advisors Trusts scale earns out at a slightly higher level ($800,000 in the account), which indicates that its platform is built to support a somewhat more affluent clientele. Previously, Shelby held positions at a nationwide mortgage lender and with a Nashville real estate team. Jessica serves on the board of The Womens Fund, an endowment fund within The Community Foundation of Middle Tennessee. Fees charged by outside investment managers are separate and apart from the fees payable under this schedule. The place is well-maintained and the pools are absolutely beautiful. In addition, Dan has over 15 years of custody and trust operations experience from previous positions with State Street Bank and Reliance Trust Company. Previously, he worked in the financial solutions industry. Meredith Harville joined Cumberland Trust as a Trust Administrator in 2021. Caroline received a B.A. Jennie Menzie joined Cumberland Trust in 2012 and serves as President, Chief Operating Officer, and Corporate Counsel. For example, if the trust is worth $2 million, the trustee would receive $20,000 compensation that year. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Birth certificate certified copy. Prior to joining Cumberland Trust, she held positions at Farmington Mortgage and Franklin Synergy Bank. Jared Lynd joined Cumberland Trust in 2017. Advises family on tax laws and implications. She focuses on providing premier and attentive service to our clients and families with special needs. Plat or Map. Provide regular disbursements to someone who is unable to manage large sums ofmoney. Thats really the minimum anyone can comfortably charge. Previously, Debbie led the Special Needs Trust team unit at Arden Trust Company in Phoenix, Arizona. Site by. 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 She also has experience working in personal trust administration with clients requiring senior care and special care services. Cumberland Trust has provided professional, comprehensive estate settlement services for many years throughout the geographic regions where we serve. For a client with that kind of wealth, the $20,000 translates into at most 40 basis points a yearpretty low by industry standards. President, Chief Operating Officer & Corporate Counsel. from Vanderbilt School of Law and holds a Masters in Taxation (LL.M.) 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. A lack of planning during life can leave familieswhile grappling with griefnavigating the probate system, inheritance taxes, and other complex issues. Haley Tucker joined the Cumberland Trust team in 2019. Alex serves as Assistant Vice President and Trust Officer in the personal trust administration division. Trust Fee Schedule. Prior to joining Cumberland Trust, she worked as a Customer Service Representative with State Farm. Industry Financial Services Revenue $2.0M Employees 121 Founded in 2001 Headquarters Nashville, TN Website cumberlandtrust.com Organization Type Private Is This Your Company? Douglas Kirkpatrick joined Cumberland Trust in 2009. This legislation allows all of the trust creators top advisors to be involved in the trust management. Caroline is a member of the Tennessee Bar Association, Nashville Bar Association, and the Estate Planning Council of Middle Tennessee. (with honors) from the University of Arkansas, Little Rock. In this role, Millie works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. 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. Heather holds bachelors degrees in Psychology and Religion from Lambuth University. Sharons primary responsibilities involve reviewing and preparing documents and considering tax, legal and other compliance issues with regard to Cumberland Trust and its clients. in Advertising and Public Relations from the University of Arkansas. Provide for the management of assets while a person is still living and govern how assets will be distributed upondeath. Under an agency trustee service agreement, the individual trustee, private or professional, has control over all trust administration and trust accounting. Helina works with the compliance department to help ensure that accounts are opened and documented correctly. Tennessee - Cumberland Trust Tennessee Chattanooga Main Office 633 Chestnut Street Republic Centre, Suite 1540 Chattanooga, TN 37450 P: 423.664.9747 F: 423.634.0887 Michelle Diamond Chief Development Officer & Executive Director of Regional Markets Ashley Fischer Business Development Associate Knoxville Main Office 334 Ebenezer Road As Vice President of Corporate Development, Douglas works to expand Cumberland Trusts relationships with families and advisors in the Nashville region. Beth focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Estate and post-mortem trust administration to honor, support, and carry out your wishes. in Family and Consumer Sciences from the University of Georgia. 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). Two years (circa 2017) we asked ourselves how to calculate trustee fee schedules with more precision based on our risk and time only. 2022 Holiday Trash & Recycling Schedule | 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 In many cases, the principal of the trust is distributed to remainder beneficiaries. Cumberland County - Tennessee. Lou Anne earned a B.A. In her role as Assistant Vice President and Trust Officer, Katrina works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Dan holds a B.S. Prior to joining Cumberland Trust, he worked as a Senior Relationship Banker at Truist Bank. Bonnie Parrish joined Cumberland Trust in 2017. Stephen Crofford joined Cumberland Trust in 2016. Decanting is a process whereby assets from an irrevocable trust are moved to a new irrevocable trust with updated provisions. Rebeccas previous experience includes working as a Management Consultant for Ernst & Young, a Financial Analyst, and then Managing Director of Investor Relations and Corporate Contributions for FedEx. Prior to joining Cumberland Trust, Avery was an associate attorney at Brazil Clark, PLLC and worked as an Investment Advisor at Valor Financial Services. Prior to joining Cumberland Trust, Bonnie was a Retirement Plan Co-Implementation Manager at The Retirement Plan Company, LLC where she managed an implementation team and handled trading requests for client 401ks and Required Minimum Distributions. from the Indiana University Robert H. McKinney School of Law in Indianapolis, Indiana. Prior to joining Cumberland Trust, Melissa worked as a Trust Officer at Riverview Trust Company in Vancouver, Washington. Shelly has been a practicing attorney for most of her career and has 14+ years of experience in estate planning, tax and corporate lawspecializing in estate planning for high-net-worth clients and families. Agency trust fee schedules are unique as they fall under agency trustee services. In this role, Owen works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. 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 With a connected team of 120+ experts at your service in 10 offices nationwide. Matt Skeens joined Cumberland Trust as a Trust Administrator in 2022. Overview. from Vanderbilt University. Early on, she developed the Special Needs Trust group, serving the needs of client family members with disabilities. As Vice President, Trust Officer, and Manager in personal trust administration, she is responsible for working with high-net-worth individuals and families on trust account management and administration. Working with your legal, financial, and tax advisors, we will ensure that assets are collected and properly administered; any obligations are satisfied; and property is distributed to or for the benefit of your heirs. Rachel is licensed to practice law in Tennessee. 40 Burton Hills Boulevard Suite 300, Nashville, TN 37215-6292. Previously, she practiced Entertainment Law and Labor and Employment Litigation. 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. In this role, she works closely with external and internal auditors, while focusing on Fiduciary Compliance, Corporate Compliance, and Regulatory Compliance. It also reduces capital gains tax implications after the death of one spouse. Request Information Schedule A Visit You're ready for this. Dudley holds a B.A. This person, group of people, or institution benefits from the trust, eventually receiving some or all of the property placed in the trust. Expert guidance, proactive education, and hands on services to support you, your family, your assets, and your estate. $25.00. Prior to joining Cumberland Trust, she worked as a leader of the Activities Department at Abes Garden Alzheimers and Memory Care Center. Caroline previously served as an Assistant Vice President and Trust Advisor at SunTrust administering trusts and managing high net worth client relationships. Prior to joining Cumberland Trust, Robin served in multiple roles over six years with Brookdale Senior Living, Inc., including, Senior Living Advisor, RTA Specialist, Connection Center Supervisor, and Quality Assurance Specialist. She joined the Cumberland Trust team in 2001, at the firms founding. Previously, Helina worked in the banking industry, with experience in data analysis and documenting accounts. Estate and post-mortem trust administration to honor, support, and carry out your wishes. Additionally, she mentors trust officers and their teams, building connections between Cumberland Trusts relationship managers, external advisors, and clients. Some wills can establish trusts for asset protection purposes or determine guardianship of minor children in the event of both parents death. While attending college, she held various internships in sales and marketing. from Baylor University in Waco, Texas. 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. She received a professional certification in software programming from The University of Texas at Austin. Outside of work, Brianna has enjoyed volunteering at Atlanta Ronald McDonald House where she helped provide meals to patients and families in residence. Assistant Vice President & Marketing Manager. Katrina focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. She also works with the compliance department to help ensure that accounts are opened and documented accurately. Lauren holds a bachelors degree in Business Administration with a concentration in Marketing from the University of Tennessee at Martin. As a Business Development Officer, Bob focuses on building relationships with financial advisors, attorneys, and tax professionals throughout the state of Florida. Chase Caldwell serves as Assistant Secretary, Assistant Vice President, and Director of Finance for Cumberland Trust. in Business Administration from Middle Tennessee State University, with minors in Economics and Finance. 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.