There is no worry that we will be influenced to favor one beneficiary over another. in Business Administration with a concentration in Pre-Law from the Louisiana State University E.J. stickman swing cool math; ufc gym plantation; how to send certified mail with return receipt; bronwydd house porth history She also works with the compliance department to help ensure that accounts are opened and documented accurately. Vice President, Compliance & Audit Officer. In his role, Jody administers personal trusts, providing responsive service to our clients and their external advisors. We provide continuity to ensure that beneficiaries have a reliable trustee and someone to turn to throughout the duration of the trust, Qualified personal residence trusts (QPRTs). and was a founding member of the organizations Family Council. Prior to joining Cumberland Trust, Melissa worked as a Trust Officer at Riverview Trust Company in Vancouver, Washington. Layla Hebert joined the Cumberland Trusts legal team in 2021 and serves as Fiduciary Counsel. Previously, Alex was the Powerlifting Coach for the Northern Illinois Special Olympics Team for two years. Cumberland, OH. Dudley Selinger has been a part of the Cumberland Trust team since 2013. in Communication from Salem College in Winston-Salem, North Carolina. Mr. Clements heads up a legal team, made up of attorneys, compliance officers, and specialists. Some firms work strictly from a rate card. All rights reserved. Jessica serves on the board of The Womens Fund, an endowment fund within The Community Foundation of Middle Tennessee. Prior to joining Cumberland Trust, she worked as a Customer Service Representative with State Farm. in Business Administration from Belmont University and an M.B.A. from the Jack C. Massey School of Business at Belmont University. Our Cumberland Trust Family is Here to Take Care of Yours Trusted relationships are at the heart of what we do. Senior Vice President & Managing Director, Trust Administration. 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. 30 reviews of Moyer & Sons Moving & Storage "My family has been using Moyer & Sons since my folks moved to DC a little less than thirty years ago. 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 received her J.D. 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. A beneficiary can be a person or an institution. Industry Financial Services Revenue $2.0M Employees 121 Founded in 2001 Headquarters Nashville, TN Website cumberlandtrust.com Organization Type Private Is This Your Company? Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Fee Schedule. Kimberly holds a B.A. Kailey earned a B.A. Download the Fee Schedule Personal Trusts - Continual Administration ANNUAL FEE: Based on fair market value of trust assets 0.60% of the first $1,000,000 0.50% of the next $1,000,001 - $2,000,000 0.35% of the next $2,000,001 - $5,000,000 Negotiable over $5,000,000 Minimum Fee: $3,000 Trust Settlements - Outright Distribution Eleanor Claiborne joined the Cumberland Trust team in 2012 and works in corporate strategy, events, and marketing. 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. Specialized expertise combined with care and compassion for your family. He received a J.D. Previously, she served as Vice President, Trust Advisor at SunTrust Investment Co. handling Trust Administration for their private wealth management department. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. Jennie holds a B.S. She focuses on being responsive, attentive, and understanding to build relationships with the clients and families she serves. 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. In her role as Trust Officer, Amanda works with individuals and families, providing service and attention to the day-to-day needs of personal trust clients. 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). in Business Administration from Belmont University (magna cum laude). Andrea has extensive experience in financial planning, account management, and trust administration and management. $3.00 will be charged for each distribution . Heather Logan joined Cumberland Trust in 2022 as Vice President, Director of Human Resources. 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, she held positions at Farmington Mortgage and Franklin Synergy Bank. Previously, David interned at Valmont Investments and ECOM USA working with real estate and commodities. We are not investment advisors and focus our efforts solely on trust and estate administration. Earlier in his career, he served as Assistant Vice President and Trust Officer and as an Operations Supervisor at Independence Trust Company. , passed in 2004, provides a comprehensive set of laws that allow a trust to be administered very efficiently and effectively. from the Nashville School of Law. BBB File Opened: 2/19/2004. Prior to Cumberland Trust, Asha served as Director of Implementations at Emdeon, where she managed teams responsible for implementing direct claims connections with healthcare companies. As a trust administrator, Donna collaborates with legal, financial, and tax professionals to ensure all aspects of an estate are given careful attention. Sharon is a registered CPA in Arkansas and is licensed to practice law in both Arkansas and Tennessee. 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. All deeds of conveyance, (with or without a plat), trust deed, fixture filing or security agreement concerning real estate. In this role, Judy administers estates and administrative trusts, guiding families and individuals during times of loss and transition. Practical Variance Appeal Application. His duties include coordinating the purchase and disposition of trust held properties, ordering and analyzing appraisals and overseeing the management of special assets and properties held in trust. Previously, Eleanor worked as an intern for The Frist Centers development department and in the development and finance division of Christies New York. 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. Robert Ottinger joined Cumberland Trust as a Trust Administrator in 2021. Lori Thoeny joined Cumberland Trust in 2008 after working more than 15 years in the brokerage industry. Avery focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Posted: February 26, 2021. Since 1750, the Recorder of Deeds has maintained a permanent public record of deeds and documents related to the development, transfer, and encumbrance of real estate in Cumberland County. Phillip Burnett joined the Estate Administration team as a Trust Administrator in 2018. Katrina Martin joined the Cumberland Trust team in 2020. 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. They may be a parent with a large life insurance policy who wants to guarantee that their children are provided for without receiving a large sum of cash all at once. All rights reserved. Our team is experienced in handling specialized trusts, illiquid assets, and navigating complex family dynamics with diplomacy and respect. April holds a B.S. Lauren Bargo joined Cumberland Trust as a Trust Specialist in 2022. Prior to joining Cumberland Trust, Shelly founded The Donaldson Law Firm following experience at other firms including Lefkoff, Duncan, Grimes, McSwain & Hass, P.C. Millie holds a B.A. Full-Time. Senior Vice President & Managing Director, Trust Administration, Vice President & Director, Personal Trust Administration, Vice President & Trust Officer, Administration Manager. in Advertising Management with a Minor in Organizational Leadership from Michigan State University. In this role, she reviews and drafts documents relating to incoming and transferring trusts. David holds a bachelors degree in economics with a minor in business finance from Sewanee: The University of the South, Sewanee, Tennessee. She is a graduate of Cannon Financial Institutes Trust School and has been awarded the Certified Trust and Financial Advisor (CTFA) designation. Tenisha specializes in providing attentive and professional service to her clients. Rebecca is a native of Memphis and remains involved in the community. 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. For example, if the trust is worth $2 million, the trustee would receive $20,000 compensation that year. Prior to joining Cumberland Trust, Emily worked at a holistic wellness center working with client families. Scott Martin, contributing editor, The Trust Advisor. really really smart guy in Math). in Communication Studies with an emphasis in Public Communications from Marshall University in Huntington, West Virginia. Request Information Schedule A Visit You're ready for this. Prior to that, she held an integral role as manager within Cumberland Trusts Personal Trust Administration team, with a specialized focus on relationships with high-net-worth families. 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. Prior to joining Cumberland Trust, she served as the trust administration team lead at the Bank of Jackson Hole, Wyoming. from Quinnipiac University School of Law in Hamden, Connecticut. in Education with Majors in Kinesiology and Criminology from The University of Tennessee, Knoxville. 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. Previously, he worked in the financial solutions industry. from the Cumberland School of Law at Samford University in Birmingham, Alabama. Previously, she worked in the legal industry as a paralegal, specializing in estate planning, estate administration and corporate law. Jennie holds a B.S. in Financial Management & Financial Planning from Western Kentucky University (Summa Cum Laude). High-touch administration for those needing additional support. in Political Science and Economics from the University of Tennessee and a Paralegal Certificate from the National Institute of Paralegal Training in Atlanta. 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. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Runcie is a graduate of Baylor University with a B.B.A. 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. He is a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. How Can They Provide Better Service to Families? Knowledge and experience to navigate complex, hard-to-value, illiquid assets. Adriana holds a B.A. Wherever fees go, he says, there are going to be a lot more entrants in the trust service business.. Is a Revocable, Living Trust Right for You? Before joining Cumberland Trust, Lori worked in the Institutional Sales division and Private Wealth Management group at Merrill Lynch and at Morgan Keegan and J. C. Bradford and Company. Sarah holds a bachelors degree in Finance from Washington State University. Our trustee fee schedule forces us to be effective and mindful. Military discharge certified copy as authorized. Comprehensive trust administration, education, and proactive client service for your family. Yes, we have a team dedicated to the administration of Special Needs Trusts. Additionally, she is a member of the Estate Planning Council of Middle Tennessee. 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 is responsible for overseeing the development team and its new trust opportunities. Assistant Vice President & Compliance Officer. Michelle holds a bachelors degree in Education from Aquinas College. How Can They Provide Better Service to Families? Outside of work, Ryan enjoys volunteering at the St. Philip Legal Clinic in Franklin, TN. One of the resulting benefits. Katelynn holds a B.S. Melissa Murray joined the Cumberland Trust Special Needs Trust Administration team in 2021. 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. Dudleys experience includes working as Senior Vice President at First American National Bank. He specializes in guiding high-net-worth individuals and families through the administration and management of personal trusts and foundations. Amanda received a B.A. 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. Previously, she served for ten years as a paralegal and raised her three, now grown, children. Contact Us; Quick Links. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Each time they were early or on time, fast, and provided excellent service. Lou Anne Wolfson joined Cumberland Trust in 2013. In this role, Riley works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. Prior to joining Cumberland Trust, she served as the founding Director of Operations for a Middle Tennessee anti-human trafficking nonprofit organization. Robin studied Business Administration at Draughons Junior College of Business in Paducah, KY. Helina Mekuria joined Cumberland Trust in 2018. She serves as a Business Development Associate overseeing the onboarding of new business opportunities. When I needed to indefinitely postpone my move, they kept all the information about how much furniture I had on . Sloan received her B.A. April Drennan joined Cumberland Trust in 2019. All rights reserved. in Spanish from Southern Methodist University in Dallas, Texas. As Cumberland Trust grew, Michelle developed the blueprint for expansion into regional markets and she worked to open our nine regional offices. Provide regular disbursements to someone who is unable to manage large sums ofmoney. 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. The Cumberland Land Trust is a private, non-profit, charitable, conservation organization run by a dedicated group of volunteers. Its expensive to be a fiduciary, Blattmachr acknowledged in our conversation. Establishing a trust is not merely a plan to minimize taxes. Prior to joining Cumberland Trust, Owen was a Trust Associate with Pendleton Square Trust Company in Nashville, Tennessee. Tuition and Fees. $20.00. Control is non-issue. Just another site. She is a part of the Young Leaders Council, Class 74. Previously, Debbie led the Special Needs Trust team unit at Arden Trust Company in Phoenix, Arizona. Caroline is a member of the Tennessee Bar Association, Nashville Bar Association, and the Estate Planning Council of Middle Tennessee. 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. Plan, preserve, and protect your legacy for generationstocome. 2021 Cumberland Trust. 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. in Business Administration from Hanover College in Hanover, Indiana. $25.00. Protect assets from future lawsuits, creditors, ordivorce. Prior to joining Cumberland Trust in 2021, Lisa was a senior director and business manager with TIAA, working with their private asset management group. Avery Oaks joined Cumberland Trust as a Trust Officer in 2022. Amanda is active in the community as an event and herd photographer for Saddle Up! in Finance with a concentration in Entrepreneurship from the University of Tennessee, Knoxville. Carla Hale joined Cumberland Trust in 2009. Responsibilities. She has also served as a trust officer in personal trust administration, administering trusts for high-net-worth individuals and families. Dudley holds a B.A. Lorena Suarez joined the Cumberland Trust administration team in 2014. President, Chief Operating Officer & Corporate Counsel. What is a Directed Trustee? Robert focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. A Last Will and Testament is perhaps the primary document that comes to mind when most people think of estate planning. degree in Sociology and minor in Psychology from the University of Southern Illinois-Edwardsville. 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. The grantor does not have to be significantly wealthy or have a large number of properties or assets. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. She is a Fellow in Charitable Estate Planning from the Institute of Charitable Estate Planning. The resulting team of experts then works together to provide the beneficiary with care and expertise, ensuring optimal management and administration of the trustorestate. High-touch administration for those needing additional support. 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. Helina works with the compliance department to help ensure that accounts are opened and documented correctly. 40 Burton Hills Boulevard Suite 300, Nashville, TN 37215-6292. I'm Worried About How Inflation Will Affect My Retirement Savings. With it, you can use a trust company with trustee fees on your terms. Previously, she served as Treasurer at Fort Vancouver TV. The Tennessee Community Property Trust Act. There are very specific things that every trust has to do, and everything else is extra.. How Can They Provide Better Service to Families. Early on, she developed the Special Needs Trust group, serving the needs of client family members with disabilities. We believe our relationship managers should be fully focused on their current clients. in Sociology from Middle Tennessee State University (cum laude) with minors in Global Studies and Business Administration. Asha Nivison joined Cumberland Trust in 2012. Prior to her role on the business development team, Elsie was a Trust Administrator, focusing on the day-to-day administration of personal trust relationships for clients needing extra support. Prior to joining Cumberland Trust, she worked for eight years in Special Education for the Williamson County School District. Lindsay earned a B.A. This legislation allows all of the trust creators top advisors to be involved in the trust management. Additionally, she has experience as a sales assistant for a local stock brokerage firm where she was Series 7 and 66 licensed. Other important documents to consider when drafting a will include power of attorney(s). Fee Schedule Search SearchMenu Departments A - C Animal Services Board of Commissioners Board of Elections Budget Division Child Support Community Development Community Transportation Program Cooperative Extension County Attorney County Administration Crown Complex D - I Emergency Services Employee Wellness Engineering Financial Services One of our co-founders is a former insurance actuary (e.g. Lori holds a B.A. He received his J.D. All rights reserved. In this role, she reviews and drafts documents relating to incoming and transferring trusts. in Taxation from the University of Florida Levin College of Law. In this role, Zandra provides direct support to the business development team. In this role, Kim supports a team of relationship managers and focuses on providing responsive and attentive service to clients. There is a 2.25% convenience fee with a minimum fee of $2.50 per transaction to the filer Phillip assists in the administration of post-mortem estates and works with clients and beneficiaries to understand the steps of the estate process. 2021 Cumberland Trust. Mike Flinn from Advisory Trust and Douglas Blattmachr of Peak Trust agree that the cost of fiduciary compliance and routine service probably isnt going any lower than around $3,000 per trust any time soon, especially given the current trend toward higher regulation. Amanda Laginess joined the Cumberland Trust team in 2020. It is our duty to treat all beneficiaries objectively and impartially. Do you want to learn more about personalized trust and estate services? He received his J.D. In this role, Millie works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. Shelly served on the Executive Committee of the Georgia Bar Association Fiduciary Law Section and was a past chair of the Atlanta Bar Estate Planning and Probate Section. So that provides a floor on what people can offer.. Plans for recording must have a scheduled appointment. 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 She received a B.A. Vice President & Director, Personal Trust Administration. We balance any requests against the interest of both the current income and remainder beneficiaries. No products in the cart. 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.

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