With a connected team of 120+ experts at your service in 10 offices nationwide. Vice President & Director, Estate Administration. Our advisor-friendly commitment assures families receive superior service. Prior to joining Cumberland Trust, Melissa worked as a Trust Officer at Riverview Trust Company in Vancouver, Washington. Previously, he worked in the financial solutions industry. Trusts offer an excellent way to plan for the future. Jared has extensive experience working with family offices and in the administration of complex trust assets, including inherited Individual Retirement Accounts (IRAs). degree in Accounting from Asbury University in Wilmore, Kentucky. As Corporate Strategy Officer, Jessica develops the framework and plans to support long-term strategic initiatives for Cumberland Trust. As Vice President & Director of Special Asset Administration, April works in ongoing administration of special assets held in trust, such as commercial or residential real estate; closely-held business interests; mineral, oil, and gas interests; and promissory notes. Prior to joining Cumberland Trust, she served as the trust administration team lead at the Bank of Jackson Hole, Wyoming. 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. On the legal team, as Vice President and Fiduciary Counsel, Caroline reviews and drafts documents relating to trust and estate accounts. Cumberland Trust acts as a truly independent trust company. This definitive guide on cost efficient trustee fees will pull back the curtains on what corporate trustees do and how they charge their fees. Either way, its good to know what the market value of trust services. She holds a B.B.A. launchpad classlink nmusd; cantonese text to speech; 15 second tv commercial script examples in Family and Consumer Sciences from the University of Georgia. Leslie earned a B.A. cumberland trust fee schedule Shelby holds a B.S. 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. . 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. Agency trust fee schedules are unique as they fall under agency trustee services. Show all. 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. While in law school, she developed a passion for estate planning during her time in the Homer A. Jones, Jr. Wills Clinic. Cumberland, OH. Her background also includes experience in federal and state contract management, and insurance defense litigation. With a connected team of 120+ experts at your service in 10 offices nationwide. Although the $20,000 minimum fee looks steep at first, it makes a lot more sense when you consider that Northern Trust isnt really interested in personal directed trust accounts with less than $5 million in assets. Either way, Christopher Holtby of Wealth Advisors Trust told me that theres always room for enthusiastic competitors. Claim This Company Page Cumberland Trust Hiring At Cumberlands start, Michelle, a Trust Officer, helped to establish the open architecture platform that focuses on helping families and forming partnerships with advisors. April is also a graduate of ABA Trust School, as well as Cannons Unique and Hard to Value Assets School. There is no worry that we will be influenced to favor one beneficiary over another. In this role, Douglas works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. stickman swing cool math; ufc gym plantation; how to send certified mail with return receipt; bronwydd house porth history No cost to post a project to get multiple bids in hours to compare before hiring. One of the resulting benefits. Michelle Diamond is Chief Development Officer. In this role, Riley works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. in Corporate Management and Marketing from Lipscomb University. 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. Prior to joining Cumberland Trust, Millie served as an Associate Wealth Advisor at Truxton Trust, providing sophisticated and personalized wealth management services. Caroline holds a B.A. Sara Kate holds a B.A in Journalism and English with a minor in French from Indiana University Bloomington. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. Rebecca Halvorson joined Cumberland Trust in 2010. Laura specializes in administration with distinctive care services, an extra level of support for clients. Chase holds a Bachelors degree in Finance from the University of Tennessee at Chattanooga. Lindsay earned a B.A. We are not investment advisors and focus our efforts solely on trust and estate administration. Previously, Chris served as Senior Vice President, Managing Director, and Head of Administration. For a client with that kind of wealth, the $20,000 translates into at most 40 basis points a yearpretty low by industry standards. Lauren Bargo joined Cumberland Trust as a Trust Specialist in 2022. All deeds of conveyance, (with or without a plat), trust deed, fixture filing or security agreement concerning real estate. Personal Trust Administration 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. 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. $20.00. Beth Lee joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. Fees and Fines. At an annual fee of 75 basis points, this suggests that a trust really needs to have more than around $533,000 in it to earn out that $4,000 minimum fee. Caroline previously served as an Assistant Vice President and Trust Advisor at SunTrust administering trusts and managing high net worth client relationships. Rachel is licensed to practice law in Tennessee. In this role, Kim supports a team of relationship managers and focuses on providing responsive and attentive service to clients. from Belmont University College of Law. Navigating trust and estate services can feel overwhelming, especially in times of loss or change. Tennessee is one of only three states that allow community property trusts. $25.00. While attending college, she interned with a commercial real estate investment firm. Sloan Shell joined Cumberland Trust in 2015. Sharon is a registered CPA in Arkansas and is licensed to practice law in both Arkansas and Tennessee. Growth Permit - Application. Owen focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Earlier in his career, he served as Assistant Vice President and Trust Officer and as an Operations Supervisor at Independence Trust Company. Interpretation Appeal Application - Fillable. Meet Our Estate and Post-Mortem Trust Administration Experts, Conveniently Headquartered in Trust-Friendly Tennessee. The access fee is considered a cash fee, therefore institutional aid and outside scholarships are not allowed to be used as payment. Provide a measure of protection when beneficiaries may lack the maturity or expertise to manage their ownaffairs. 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. He received his J.D. 7A-307(a)(2a). Senior Vice President & Managing Director, Corporate Development. One of the resulting benefits. West Virginia Housing Fund Fee, in addition to any excise tax imposed on property transfers. Estate and post-mortem trust administration to honor, support, and carry out your wishes. She has also served as a trust officer in personal trust administration, administering trusts for high-net-worth individuals and families. 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. She currently volunteers with CASA, which advocates for children who are in the foster care system seeking permanent homes. 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. As Peak Trust founder Douglas Blattmachr told me, its pointless to advertise how much a generic offering would cost when the fact is that at this level, one size fits none. Her previous experience also includes work as an accountant and as a lawyer in private practice. Even though a 1% or 2% annual fee doesn't seem like much, tax-free municipal bonds yield less than 5%, so a management fee can easily gobble up 20% of the return. Lindsay Hardin joined the Cumberland Trust team in 2015. in Communications and English from Hope College in Holland, Michigan. Tim is a graduate of the American Bankers Association Trust School where he earned the Certified Trust and Financial Advisor (CTFA) designation. Robert holds a B.S. Plan, preserve, and protect your legacy for generationstocome. $12.00 for the first 5 pages, $1.00 for each additional page. In these roles, Robin helped families find solutions to support their loved ones diagnosed with dementia and Alzheimers disease. Help beneficiaries avoid the unnecessary expenses ofprobate. Lorena holds an Associate degree in Business from Nashville State Community College. All rights reserved. in History of Art and Architecture from the University of Reading in England. Heather received a B.A. She received her J.D. This document allows the trust creator or grantor to place selected assets in trust. He also holds a Six Sigma Yellow Belt certification. If the account has securities or assets, other than Trust Department sponsored mutual funds the fee will be $3.32 per quarter for each security or asset. Additionally, he manages a growing team of personal trust officers, administrators, and specialists. Kim holds a B.S. 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. Menu viscount royal caravan. in American Studies from the University of Tennessee (summa cum laude). 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. 2021 Cumberland Trust. In this role, Zandra provides direct support to the business development team. in Business Administration with a concentration in Pre-Law from the Louisiana State University E.J. The Tennessee Community Property Trust Act, passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. Asha holds a B.S. 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. Impartiality. 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. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Heather develops relationships with individuals, families, and their professional advisors in North Carolina, South Carolina, and East Tennessee. Mary Elizabeth Carothers joined Cumberland Trust in 2021. In this role, Matt works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Tenisha specializes in providing attentive and professional service to her clients. Toll Free: 1.888.697.0371. Provide regular disbursements to someone who is unable to manage large sums ofmoney. Harriet White joined the Cumberland Trust team in 2012. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. 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. 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. Additionally, she serves as a member of the St. Louis Estate Planning Council. Previously, she served as Treasurer at Fort Vancouver TV. overpaid mortgage interest refund. What is a Directed Trustee? $20. As Vice President and Trust Officer, Sara manages personal trust relationships. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. Previously, Helina worked in the banking industry, with experience in data analysis and documenting accounts. 40 Burton Hills Boulevard Suite 300, Nashville, TN 37215-6292. 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. Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. Site by Circa Creative Studios. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. Our trustee fee schedule forces us to be effective and mindful. Caitlyn A. Lovell joined the Cumberland Trust team in 2019. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. "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. Naturally, its going to cost extra if the trust company also manages the underlying assets. She also has experience working in personal trust administration with clients requiring senior care and special care services. Matt holds a B.A. Our team is experienced in handling specialized trusts, illiquid assets, and navigating complex family dynamics with diplomacy and respect. She received a J.D. 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. Home - Cumberland Trust We are a family-focused independent trust company. Andrew Serpico joined Cumberland Trust as a Trust Specialist in 2021. Vice President & Director, Special Asset Administration. Phillip holds a Bachelors degree in Business Administration with a concentration in Business Management from the University of Mississippi. Prior to joining Cumberland Trust, Elizabeth practiced as a contract attorney with Legility, LLC. Greg received a Business Administration degree, with minors in Organizational Management and Health Promotions from Aurora University, Aurora, Illinois. While theyre a valuable component of estate planning, trusts offer more than simply a way to disburse assets upon death or minimize paying taxes. 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 in Political Science from Colgate University. 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. His prior experience includes serving as Trust Operations Manager for First American National Bank and as a Registered Principal with Summit Brokerage Services. Layla received a B.S. Lou Anne Wolfson joined Cumberland Trust in 2013. Prior to joining Cumberland Trust, Jennie was Director of Client Strategy and Product Development at Trilliant Health. Sara Kate Nash joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. 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. There is a 2.25% convenience fee with a minimum fee of $2.50 per transaction to the filer Fees for managing smaller trusts aren't calculated by percentage because it could eat up a lot of the trust funds. Sharon Winkler joined Cumberland Trust in 2007 and serves as Senior Vice President, Special Counsel, Chief Regulatory Compliance Officer. 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. Site by Circa Creative Studios, Conveniently Headquartered in Trust-Friendly Tennessee. Prior to law school, Jared served as a Supply Chain Analyst with General Electric. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. Prior to joining Cumberland Trust, she worked as a Customer Service Representative with State Farm. 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, she worked for eight years in Special Education for the Williamson County School District. Katrina focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. 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. Schedule a Visit. Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). Eloise holds a bachelors degree in International Global Studies with a minor in French from Sewanee: The University of the South. Sharons primary responsibilities involve reviewing and preparing documents and considering tax, legal and other compliance issues with regard to Cumberland Trust and its clients. Prior to her career with Cumberland Trust, Lorena worked with children and families as a nanny and au pair. Alex is the Vice President and Director of Cumberland Trusts personal trust administration division. She is a member of the Knoxville Estate Planning Council and the Institute of Certified Bankers. Phillip assists in the administration of post-mortem estates and works with clients and beneficiaries to understand the steps of the estate process. Previously, Sloan was with Polo Ralph Lauren Corporation for 14 years, serving in many capacities, including Director of Operations for the company. Chris is a chartered Financial Analyst (CFA) and Certified Trust and Financial Advisor (CTFA). As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. 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). Growth Permit Application - Fillable. In this role, Jennie works with high-net-worth individuals and families, along with their financial, legal, and tax advisors, to support their trust account management and administration needs. Safe Deposit Box Rental . Caroline received a B.A. Contact Us; Quick Links. For example, Santa Fe Trust accepts very small accounts, but according to its published fee scale it will still charge them at least $4,000 a year. Jennie serves on the Board of Directors of The Association of Trust Organizations. Outside of work, Eloise enjoys volunteering within the community and spending time with friends and family. Preservation fee is $1.00 per page for pages 1-9, $2.00 per page for pages 10-19, $3.00 per page for pages 20-29, $4 per page for pages 30-34. She is licensed to practice law in Arkansas and Tennessee. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Previously, Millie worked in the interior design industry where she specialized in developing interior design solutions and delivering superior client service. All rights reserved. Lori Thoeny joined Cumberland Trust in 2008 after working more than 15 years in the brokerage industry. Previously, Ashley worked for Newt Gingrichs 2012 presidential campaign. Prior to joining Cumberland, he also worked as a law clerk for Stites and Harbison, PLLC in Franklin, Tennessee. Sloan received her B.A. Prior to joining Cumberland Trust, Laura worked at Blakeford At Home as a Care Manager and Executive Director, providing older adults with information, services, and guidance to maintain the highest level of independence in their home. In this role, Shannon leads the companys business development team as they connect individuals, families and their financial, legal, and tax advisors with Cumberland Trusts high caliber trust and estate administration services. Wherever fees go, he says, there are going to be a lot more entrants in the trust service business.. Robin also has more than 10 years of experience in sales and customer service and retention with the USA Today Network (Gannett Company, Inc.) as a Sales & Retention Supervisor. Please email recorder@cumberlandcountypa.gov or call 717.240.6370 to schedule an appointment. The Trust Advisor realizes that this is not a comprehensive list of all firms. An avid supporter of the visual and performing arts, Mr. Presley has served as board member, vice-chair, and treasurer for the Nashville Symphony; board member and finance committee member for Cheekwood; board member, vice-chair, and head of public arts for Nashville for the Metro Arts Commission; and currently as board member of the Arts & Business Council. Zandra serves as a Senior Business Development Associate. Prior to joining Cumberland Trust, she practiced as an associate attorney with a bankruptcy firm. Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. In fact, Lindsays will be the first friendly voice youll likely hear when you call Cumberland Trust. Nathan is a Certified Securities Operations Professional (CSOP), a designation awarded by Cannon Financial Institute. Please consult the institution directly to confirm costs. As Assistant Vice President and Trust Officer in Personal Trust Administration, Lauren works with clients on day-to-day needs while also focusing on longer-term trust administration goals. 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. degree in Sociology and minor in Psychology from the University of Southern Illinois-Edwardsville. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Lindsay also has previous experience working as a Music Therapist with a variety of individualsranging from babies in the NICU, children and adults with Special Needs, Seniors, and persons in hospice care. We understand that flexibility and choice are important when it comes to selecting an investment manager. In this role, Ryan works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Meg Cressman joined the Cumberland Trust team in 2022 as Vice President, Compliance and Audit Officer. Caitlyn holds a B.S. in Political Science and Economics from the University of Tennessee and a Paralegal Certificate from the National Institute of Paralegal Training in Atlanta. 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. One of our co-founders is a former insurance actuary (e.g. She is also an active supporter of Cheekwood and the annual Swan Ball. He has twenty-four years of experience in banking, education, and trust administration. Jared Lynd joined Cumberland Trust in 2017. Before joining Cumberland Trust, Nathan worked as a Senior Consultant with Financial Industry Technical Services. $3.00 will be charged for each distribution . Estate and post-mortem trust administration to honor, support, and carry out your wishes. Debbie has 32 years of experience in the trusts and estates industry. All rights reserved. Chris has many years of experience in relationship management and trust account administration and has specialized in serving high net worth individuals and families. All other documents. Find Cumberland Commercial Lease Amendment lawyers in Rhode Island to hire. EMAIL. 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. in Finance from Tennessee Technological University. Dan Jernigan serves as Corporate Secretary, Senior Vice President, and Managing Director of Compliance and Audits for Cumberland Trust. A lack of planning during life can leave familieswhile grappling with griefnavigating the probate system, inheritance taxes, and other complex issues. in Political Science from the University of Tennessee at Chattanooga and a J.D. Beth focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. We typically apply the Total Rate of Return concept so that both current and future beneficiaries interests are considered. Michelle Femino joined Cumberland Trust as a Trust Specialist in 2022. In this role, Dan works closely with external and internal auditors, while managing a team focused on Fiduciary Compliance, Corporate Compliance, Regulatory Compliance, Audit, and Account Transfer. 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. 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 He also works with the compliance department to help ensure that accounts are opened and documented accurately. Senior Vice President & Managing Director, Trust Administration.