Previously, Elly served as a trust officer in Cumberland Trusts Nashville headquarters, administering trust relationships and providing direct client support. Currently, Michelle manages the business development team, who work in Cumberland Trusts headquarters and in each of its regional offices. . On the legal team, as Vice President and Fiduciary Counsel, Caroline reviews and drafts documents relating to trust and estate accounts. Nathan is a Certified Securities Operations Professional (CSOP), a designation awarded by Cannon Financial Institute. Natalicia serves as a Assistant Vice President and Special Assets Officer, working with unique, illiquid, and hard-to-value assets held in trust. He received a J.D. Her previous experience also includes work as an accountant and as a lawyer in private practice. Caroline L. H. Bradshaw joined the Cumberland Trust team in 2007. Sara Speidel joined the administration team at Cumberland Trust in 2007. Emily Dye joined Cumberland Trust in 2019. Asha holds a B.S. 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 Previously, she worked for seven years as a Registered Sales Assistant with a financial advisory firm. 2021 Cumberland Trust. Prior to joining Cumberland Trust, she worked for eight years in Special Education for the Williamson County School District. He focuses on connecting Florida individuals and families and their professional advisors with high caliber, directed trust administration services. Depending on your needs, establishing a revocable living trust is another option your attorney might recommend as part of your estate plan. Lauren holds a bachelors degree in Business Administration with a concentration in Marketing from the University of Tennessee at Martin. She received her J.D. (Really big clients get institutional-strength discounts. from the University of Arkansas School of Law and holds her LL.M. 2022 Orphans' Court Calendar (pdf) 2022 Full Court Calendar (pdf) Rules. But beyond that level, technology keeps improving and letting efficient trust companies bring down their overall cost proposition. An essential planning tool, a will dictates distribution of your assets from your estate to surviving family members, friends, or favored charitable organizations. I'm Worried About How Inflation Will Affect My Retirement Savings. Avery focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. 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. David Shetler joined the Cumberland Trust team in 2020. Katrina focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. Prior to joining Cumberland Trust, she served as the founding Director of Operations for a Middle Tennessee anti-human trafficking nonprofit organization. As a collaborative member of the Personal Trust Administration team, Lauren provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Vice President, Director of Human Resources. 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. Agency trust fee schedules are unique as they fall under agency trustee services. It also reduces capital gains tax implications after the death of one spouse. Prior to joining Cumberland Trust, she practiced as an associate attorney with a bankruptcy firm. legislation was enacted in 2013 that encourages the use of trust advisors and trust protectors to assist in the management of a trust. Sara received a B.A. Bonnies previous experience also includes roles at JP Morgan Chase and Deutsche Bank. Bid Notifications. cumberland trust fee schedule Military discharge certified copy as authorized. Elizabeth holds a B.A. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. cumberland trust fee schedule. Outside of work, he enjoys volunteering with the Cystic Fibrosis Foundation, traveling, and playing pickleball. Prior to joining Cumberland Trust, Wendy worked for 28 years as a licensed insurance agent for Buschbach Insurance Agency in Illinois. In his leisure time Tim enjoys reading and crafting heirloom, hardwood rocking chairs for adults and children. so is each estate left behind. Sarah focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. Katrina Martin joined the Cumberland Trust team in 2020. No products in the cart. The trustee services offered by an individual trustee mirror those offered by a corporate trustee. Lorena Suarez joined the Cumberland Trust administration team in 2014. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. Additionally, she serves as a member of the St. Louis Estate Planning Council. 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. Prior to joining Cumberland Trust, she worked in telecommunications and has previous experience in accounts payable, accounts receivable, payroll and taxes. 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. She has eight years of customer service experience. Kailey earned a B.A. She is licensed to practice law in Illinois. 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 Political Science from Northwestern University. Plumbing Permit Application. ", Maybe $2,500, he conceded. Earlier in her career, Lou Anne worked in the Cook County States Attorney Office in Chicago as an Assistant States Attorney and Prosecutor in the Appellate Division and then in the Abuse and Neglect Division of Juvenile Court. She serves as Corporate Events and Strategy Associate, supporting the marketing and strategy teams in growing Cumberland Trusts reach across the country. Kimberly holds a B.A. Prior to joining Cumberland Trust, Jeiman served as Treasury Management Officer for Capital Bank. 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. 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. Adriana Sosa joined the Cumberland Trust Asset Transfer team in 2021 as an Asset Transfer Specialist. A Trustee doesn't have to be a person - you can appoint a bank or professional wealth management company as Trustee if you want to. Cumberland, OH. She received her J.D. Michelle is a regular speaker for industry-related events nationwide, and she has been published in The Tennessean. If you would like to discuss Cumberland Trusts services, were here to help. in Art History with a minor in French from Sewanee: The University of the South in Sewanee, Tennessee. and Morris, Manning & Martin, LLP. Sara Kate focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. He also holds a Six Sigma Yellow Belt certification. She specializes in estate and post-mortem trust administration, especially those involving complicated family structures and tax issues. In this role, she works closely with external and internal auditors, while focusing on Fiduciary Compliance, Corporate Compliance, and Regulatory Compliance. For example, if the trust is worth $2 million, the trustee would receive $20,000 compensation that year. 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. 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. Site by Circa Creative Studios. Advisors and estate plannersmay reproduce this survey uponrequest. He advises the company on trust and estate administration, special assets administration, fiduciary compliance and corporate governance matters. Posted: February 26, 2021. In this role, Kim supports a team of relationship managers and focuses on providing responsive and attentive service to clients. Sloan Shell joined Cumberland Trust in 2015. The Trust Advisor realizes that this is not a comprehensive list of all firms. She is a member of the Society of Trust & Estate Practitioners and earned Financial Planning Certificates 1, 2, and 3 from the Chartered Insurance Institute in the UK. Growth Permit Application - Fillable. Sharon is a registered CPA in Arkansas and is licensed to practice law in both Arkansas and Tennessee. Advises family on tax laws and implications. He currently coaches for the Nashville Predators youth hockey teams. As Assistant Vice President and Trust Officer, Kimberly is responsible for personal trust administration and relationship management, providing attentive service to clients and their legal, financial, and tax advisors. The Admissions Office is open Monday through Friday from 8am to 4:30pm CST. We work closely with attorneys and financial advisors who have established estate plans and investment objectives for their long-standing clients. Elizabeth is licensed to practice law in Tennessee and Kentucky. She is based in Austin and frequents the Dallas and Houston markets, connecting Texas individuals and families with high caliber trust and estate administration services. As Vice President, Trust Officer, and Administration Manager, she is responsible for high net worth personal trust relationship management and account administration. As Senior Vice President and Managing Director of Trust Administration, Caroline is responsible for relationship management and account administration, with a focus on high-net-worth families and their needs. Fee Schedule - Effective July 2021. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Brianna McCray joined Cumberland Trust as a Trust Specialist in 2021. Specialized knowledge. All other documents. She assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. Permits, Applications & Fees | cumberlandme Home Home About Cumberland Departments Active Living 55 + Mission Book Delivery Service Community Resources Cumberland Area Rides (CAR) Durable Medical Equipment Handy Helpers Mornings With Friends Property Tax Assistance Service Request Vendor List Vendor Referral Volunteer Application Administration Vice President & Director, Legal, Senior Fiduciary Counsel. 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. Previously, Bonnie worked on Cumberland Trusts Operations team. from Vanderbilt University. The Tennessee asset protection trust is available to anyone in the country as long as a qualified trustee is a resident of Tennessee or a Tennessee-based trust institution. Here she provided comprehensive investment management and trust services, while representing individuals and families in Texas and Louisiana. Prior to joining Cumberland Trust, she worked as an elementary and middle school teacher for more than 20 years in Philadelphia, Nashville, and Pegram. Ensure that estate taxes are minimized as much aspossible. Eleanor Claiborne joined the Cumberland Trust team in 2012 and works in corporate strategy, events, and marketing. Lisa has been recognized for her work and accomplishments in the trusts and estates industry. She continues to volunteer with the Harpeth Conservancy working on the Tennessee rivers. As a member of the Personal Trust Administration team specializing in Distinctive Care, Lindsay 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, The Collaborative Directed Trustee/Financial Advisory Relationship. Plan, preserve, and protect your legacy for generationstocome. Early on, she developed the Special Needs Trust group, serving the needs of client family members with disabilities. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Adriana holds a B.A. He is licensed to practice law in Tennessee. She enjoys welcoming clients and guests, making them feel comfortable and at ease. 2021 Cumberland Trust. Jody Hines serves as Vice President and Trust Officer in the Personal Trust Administration department. Melissa Murray joined the Cumberland Trust Special Needs Trust Administration team in 2021. It really does depend on what the client wants us to provide, he says. 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. Layla received a B.S. An Atlanta native, Susan is involved in the community as an active member of the Junior League of Atlanta. 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. No fee. April holds a B.S. Her background also includes experience in federal and state contract management, and insurance defense litigation. A Certified Trust and Fiduciary Advisor (CTFA), Lisa holds a Bachelor of Arts and Science degree in interdisciplinary studies from the University of Missouri. He received his J.D. Plan, preserve, and protect your legacy for generationstocome. Natalicia has been a member of the National Associate of Realtors and Greater Nashville Realtors Association since 2017. At death, a revocable trust designates a successor trustee and outlines distribution of the trusts assets. With a connected team of 120+ experts at your service in 10 offices nationwide. 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. Prior to joining Cumberland Trust, she worked for Larson Juhl as a customer service team leader. Cumberland Trust has provided professional, comprehensive estate settlement services for many years throughout the geographic regions where we serve. Matt holds a B.A. As a collaborative member of the Special Needs Trust Administration team, Brianna provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. This fee is not to be assessed on assets for which the gross-value fee was 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. , passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. Either way, Christopher Holtby of Wealth Advisors Trust told me that theres always room for enthusiastic competitors. One of the resulting benefits. in Finance and Economics from Lipscomb University and is a graduate of Southern Trust School. As Vice President, Director, and Senior Fiduciary Counsel, Leslie reviews and drafts documents relating to trust accounts. Prior to joining Cumberland Trust, Jessica worked in sales and marketing for 13 years helping small and mid-sized business owners realize their business goals. The trustee must be legally competent to accept the trust property he or she is to manage. Either way, its good to know what the market value of trust services. Kim holds a B.S. from Purdue University Global. 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 from Nashville School of Law. Cumberland County. Susan Smith joined the Cumberland Trust team in Atlanta in 2017 to help service the ever-growing Georgia market. in Public Relations with a Minor in Marketing from Belmont University. He is a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. Show all. 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. 633 Chestnut Street One of our co-founders is a former insurance actuary (e.g. Yes, we have a team dedicated to the administration of Special Needs Trusts. Previously, Rene held the role of Senior Vice President and Managing Director, Corporate Development, working with our business development team to manage our growth throughout the country and implementing strategic initiatives. Stephen holds a bachelors degree in Managerial Economics with a concentration in Business Economics from the University of California, Davis. Danielle holds a bachelors degree in Business Administration from Columbia International University in Columbia, South Carolina. Many matters that used to require a court to resolve may now be resolved by agreement among the beneficiaries. How Can I Protect My 401(k)? in Business Administration from Middle Tennessee State University. Just as each life and family is unique, so is each estate left behind. in Spanish from Southern Methodist University in Dallas, Texas. Remainder beneficiaries are those beneficiaries that succeed the interest of the current beneficiaries. Matt focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Plan, preserve, and protect your legacy for generationstocome. Plan, preserve, and protect your legacy for generationstocome. Outside of work, Matt has enjoyed coaching youth golf and basketball, and is an avid Indianapolis Colts and Cincinnati Reds fan. She earned an MBA and B.S. Alex holds a B.A. from the University of Illinois, Champaign-Urbana, IL where she majored in Economics. Amanda Laginess joined the Cumberland Trust team in 2020. 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. April is also a graduate of ABA Trust School, as well as Cannons Unique and Hard to Value Assets School. Previously, Carla worked in Cumberland Trusts personal trust administration and tax divisions. She is a graduate of Southern Trust School in Mobile, Alabama and has earned her Certified Trust and Financial Advisor designation (CTFA). Additionally, she has worked with Life Crisis Services and the Incarnate Word Hospital. 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, Jodi worked for 20 years in the banking industry, with 12 years in management, business development, and lending. Lauren holds a bachelors in business administration and a MBA from the University of Mississippi. in Political Science from Vanderbilt University and his J.D. She serves as Senior Vice President and Managing Director of Tax Administration. Meg is licensed to practice law in Tennessee. 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. Rachel holds a B.A. 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. Some of the advantages of a corporate executor include: Establishing an estate plan is essential and can provide you and your family with security and peace of mind for the future.Estate planning is not one-size-fits-all and varies in complexity depending on individual needs. In his role as Vice President and Fiduciary Counsel, Stephen reviews and drafts documents relating to trust and estate accounts. She also has experience working in personal trust administration with clients requiring senior care and special care services. in Business Administration and Economics from Rhodes College in Memphis and an M.B.A. in Finance and Marketing from Indiana University. Outside of work, Millie enjoys reading, hiking, traveling, and spending time with friends and family. Sarah holds a bachelors degree in Finance from Washington State University. Stephen Crofford joined Cumberland Trust in 2016. 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. degree in Accounting from Asbury University in Wilmore, Kentucky. 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. She focuses on topics related to family governance structures, succession planning, and working with a corporate trustee. Avery holds a B.S. Previously, Shelby held positions at a nationwide mortgage lender and with a Nashville real estate team. Over the past several decades, many states have worked to update trust legislation. Additionally, she is a member of the Estate Planning Council of Middle Tennessee. from the University of Tennessee College of Law. Lori holds a B.A. She received a B.B.A. overpaid mortgage interest refund. But at that level, its going to be very difficult to stay in the business.. Our team works in conjunction with any external property managers. Laura holds a Bachelor of Social Work from the University of Mississippi and a Master of Social Work from St. Louis University. Previously, Zandra worked in retail management. 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. Some select this option to avoid a lengthy probate process and protect the privacy of the grantor and beneficiaries of the trust. Vice President & Director, Personal Trust Administration. The grantor does not have to be significantly wealthy or have a large number of properties or assets. Jennie holds a B.S. She focuses on delivering responsive and personalized trust administration services. In this role, Judy administers estates and administrative trusts, guiding families and individuals during times of loss and transition. She earned a Master of Management degree from the Kellogg Graduate School of Management at Northwestern University. Alex has three years of banking experience prior to joining Cumberland Trust, most recently working at First Tennessee Bank. Specialized expertise combined with care and compassion for your family. Plat or Map. from Belmont University College of Law. Beth Lee joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. in Accounting (cum laude) and a J.D. Additionally, she has experience as a sales assistant for a local stock brokerage firm where she was Series 7 and 66 licensed. Minimum annual fee = $250 Investment Fees: Fees charged by investment managers are passed on to the fund Currently averages less than 25 basis points (1/4 of 1%) Credit Card Fees: While Cumberland Community Foundation does not charge a fee, the credit card processing company charges a processing fee $20.00. She retired her real estate license after serving the Franklin, Tennessee community for twelve years.