No. I used them twice recently, moving to and from Pennsylvania. 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. Corporate Secretary, Senior Vice President & Managing Director, Compliance and Audit. 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. 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. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Sara Kate is licensed to practice law in Tennessee. She is involved in the community supporting children in the foster care system and she previously fostered a child in her home for about 2 years until they were adopted. Asha holds a B.S. She has eight years of customer service experience. in Political Science from the College of Charleston and serves on the Committee for Institutional Advancement for the Tennessee Performing Arts Center. in Business Administration from Middle Tennessee State University, with a major in Finance. Outside of work, Eloise enjoys volunteering within the community and spending time with friends and family. Heather holds bachelors degrees in Psychology and Religion from Lambuth University. April Drennan joined Cumberland Trust in 2019. An essential planning tool, a will dictates distribution of your assets from your estate to surviving family members, friends, or favored charitable organizations. Site by, New Legislation Maintains Tennessees Status as a Leading Trust-Friendly State. 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. Elly received a B.S. 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. 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). Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. She has also taught Money Matters classes at the Boys & Girls Club of Lansing in Lansing, Michigan. Sloan received her B.A. 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. Just another site. Avery holds a B.S. Amanda received a B.A. Elsie holds a B.A. Our premier services support families when they need it most, providing guidance, education, peace of mind, respect, and understanding. in History of Art and Architecture from the University of Reading in England. Over the past several decades, many states have worked to update trust legislation. Saving forretirementmay soon be mandatory with employers automatically enrolling new hires into plans when eligible. The Grantor is the creator of the trust. At Cumberlands start, Michelle, a Trust Officer, helped to establish the open architecture platform that focuses on helping families and forming partnerships with advisors. With 15 years of experience in the financial and banking industry, Jeiman brings a high level of expertise to her clients. Vice President, Director of Human Resources. As Vice President of Corporate Development, Douglas works to expand Cumberland Trusts relationships with families and advisors in the Nashville region. Is a Revocable, Living Trust Right for You? Prior to joining Cumberland Trust, Bob had an extensive career in asset management, financial consulting, retirement planning, and branch management with Fidelity Investments and Charles Schwab & Company. Jared has extensive experience working with family offices and in the administration of complex trust assets, including inherited Individual Retirement Accounts (IRAs). Matt focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Navigating trust and estate services can feel overwhelming, especially in times of loss or change. Lauren Bargo joined Cumberland Trust as a Trust Specialist in 2022. 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. 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. Plan, preserve, and protect your legacy for generationstocome. 120+ dedicated, trusted experts to serve your family, support your team, and ensure your lasting legacy. For many families, naming a corporate executor, co-executor, trustee, or co-trustee is preferable to burdening a family member with such a role. from Vanderbilt School of Law and holds a Masters in Taxation (LL.M.) cumberland trust fee schedule Ashley Fischer joined Cumberland Trust as a Business Development Associate in 2021. in Sociology from Middle Tennessee State University (cum laude) with minors in Global Studies and Business Administration. From checking and savings products to business loans . 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. Our team works in conjunction with any external property managers. Impartiality. Ensure that government assistance continues while the basic level of care is supplemented for a child with specialneeds. 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. in Political Science from Vanderbilt University and his J.D. Lori is also a graduate of Belmont Universitys Center for Executive Education in Financial Planning and has obtained CFP certification. Caroline serves as a board member of the YWCA of Nashville and Middle Tennessee. Danielle holds a bachelors degree in Business Administration from Columbia International University in Columbia, South Carolina. Shelby holds a B.S. She is a Fellow in Charitable Estate Planning from the Institute of Charitable Estate Planning. One of our co-founders is a former insurance actuary (e.g. Families can feel assured knowing their loved ones will be looked after when theyre gone, and that their legacy will have a lasting impact. Earlier in his career, he served as Assistant Vice President and Trust Officer and as an Operations Supervisor at Independence Trust Company. Just as each life and family is unique, so is each estate left behind. Jody Hines serves as Vice President and Trust Officer in the Personal Trust Administration department. 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. Prior to Cumberland Trust, Sara worked at a Maryland title company and has experience with title searches, deeds and other loan documentation. What is new at CU As Vice President, Trust Officer, and Administration Manager, Dudley is responsible for relationship management and account administration, with a focus on high-net-worth families and their needs. 1725.4) effective january 1, 2017: appeal from summary criminal conviction (includes $5 automation fee) $ 48: petition for appeal nunc pro tunc (includes $5 automation fee) $ 48 Owen Lovell joined Cumberland Trust as a Trust Administrator in 2022. Specialized expertise combined with care and compassion for your family. Jared Lynd joined Cumberland Trust in 2017. We work closely with attorneys and financial advisors who have established estate plans and investment objectives for their long-standing clients. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. 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. in Economics from Sewanee: The University of the South in Sewanee, Tennessee. In this role, Matt works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Either way, its good to know what the market value of trust services. She was awarded her J.D. Her duties include coordinating the purchase and sale of properties held in trust, analyzing appraisals and inspections, overseeing the management of special assets owned in trust, and navigating complicated situations to provide excellent client service to families that have special assets in their trust portfolios. Elizabeth holds a B.A. Rachel holds a B.A. She is a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. She earned a Master of Management degree from the Kellogg Graduate School of Management at Northwestern University. As a collaborative member of the Personal Trust Administration team, Danielle provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Over the past several decades, many states have worked to update trust legislation. 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. Previously, Eleanor worked as an intern for The Frist Centers development department and in the development and finance division of Christies New York. 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. Sara Kate focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. She builds client relationships by providing proactive, high quality service to clients and their legal, financial, and tax advisors. Jeiman Dosky joined Cumberland Trusts Administration team in 2016. Site by Circa Creative Studios, Specialized Knowledge and Focused Administration. Wendy Maynard joined the Cumberland Trust Asset Transfer team in 2021 as an Asset Transfer Specialist. In this role, Chase focuses on Cumberland Trusts corporate operations. Sharons primary responsibilities involve reviewing and preparing documents and considering tax, legal and other compliance issues with regard to Cumberland Trust and its clients. Clerk's fee 301 & 145 Technology trust fund fee, 106 transfer fee, 212 58.1-3314 (2) Grantee tax, 039 58.1-806 Virginia outdoors Foundation-035: Quit Claim Deed $27.00 or Based on Consideration. Runcie is a graduate of Baylor University with a B.B.A. Outside of work, he enjoys volunteering with the North American Versatile Hunting Dog Association (NAVHDA). In his role, Jody administers personal trusts, providing responsive service to our clients and their external advisors. She received a J.D. Provide regular disbursements to someone who is unable to manage large sums ofmoney. 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. All rights reserved. Douglas is a member of the Young Alumni Council and Gordon Ford College of Business Associates at Western Kentucky University. Jennie focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. 1/1/2022 Register of Wills Fee Schedule (pdf) Court Calendar. Of all of the apartment complexes I have lived in and seen, this is definitely one of the best. We are not investment advisors and focus our efforts solely on trust and estate administration. really really smart guy in Math). Responsibilities. Heather develops relationships with individuals, families, and their professional advisors in North Carolina, South Carolina, and East Tennessee. 2021 Cumberland Trust. Zandra studied International Development at Sewanee: The University of the South in Sewanee, Tennessee and Economics at Roanoke College in Salem, Virginia. overpaid mortgage interest refund. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Comprehensive trust administration, education, and proactive client service for your family. Rebecca Halvorson joined Cumberland Trust in 2010. Prior to joining Cumberland Trust, Sharon spent 16 years as an estate tax attorney with the Internal Revenue Service, where she examined federal estate and gift tax returns and ensured compliance with tax law. We understand that flexibility and choice are important when it comes to selecting an investment manager. cumberland trust fee schedulesan juan airport restaurants hours. Bob Carville joined the Cumberland Trust team in 2022. She enjoys cultivating relationships with her clients while creating and maintaining a plan for their trust that prudently meets their needs and ultimate goals. 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. Remainder beneficiaries are those beneficiaries that succeed the interest of the current beneficiaries. Senior Vice President & Managing Director, Business Development. Comprehensive trust administration, education, and proactive client service for your family. 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. For questions or to schedule an appointment, please call 717-240-6345 or email
[email protected]. Avery focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. All rights reserved. She enjoys welcoming clients and guests, making them feel comfortable and at ease. Rachel is involved with the Pencil Foundation for Metro Nashville Public Schools literacy program, where she works with elementary students to help them improve their reading comprehension and writing skills. In this role, Ryan works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. 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. Explore North Carolina's counties for court services and information, such as courthouse locations, jury service, contacts, and more. 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. Outside of work, he is an avid sports fan and enjoys reading, hiking, exercising, and spending time with friends and family. He received his J.D. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. Chris has many years of experience in relationship management and trust account administration and has specialized in serving high net worth individuals and families. Dayton Hale joined Cumberland Trust in 2013 as a Trust Officer for special assets. Her experience includes developing and leading an internal middle office team to support attorneys, wealth management advisors and clients with the onboarding and funding of new trust and estate accounts and relationships. He manages accounts day-to-day financials, while additionally assisting our Fiduciary Compliance Committee. She is a member and past board member of the Financial Planning Association of Greater Memphis and a member of the Memphis Estate Planning Council. 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. These corporate trustees can charge an annual fee of 0.5% to 2% of the trust's assets, in addition to requiring a minimum. Runcie is a licensed attorney and CPA. Fees and Fines. She continues to volunteer with the Harpeth Conservancy working on the Tennessee rivers. Mr. Presley holds a B.A. Nathan Hyde joined the Cumberland Trust team in 2002 and serves as Senior Vice President and Director, Business Continuity and Information Security. Owen focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. 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 Previously, she worked for seven years as a Registered Sales Assistant with a financial advisory firm. Katrina holds a B.S.B.A (magna cum laude) in Marketing with a minor in Hospitality from the University of Central Florida. President, Chief Operating Officer & Corporate Counsel. in Accounting. In this role, Lisa focuses on building relationships with external advisors (including financial advisors, attorneys, and accountants), individuals and families through personalized trust and estate services. In this role, she reviews and drafts documents relating to incoming and transferring trusts. Prior to joining Cumberland Trust, Heather worked for 11 years at medSR, creating and overseeing their human resources and administrative functions. Senior Vice President & Managing Director, Tax Administration. Trust fees are headed higher according to our pricing survey completed this week. 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. No fee. Laura Hawken joined Cumberland Trust in 2019. Outside of work, Brianna has enjoyed volunteering at Atlanta Ronald McDonald House where she helped provide meals to patients and families in residence. She is a member of the National Trust Real Estate Association (NTREA), as well as the National Trust Closely Held Business Association (NTCHBA). Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. Previously, Jennie served as Chief Operating Officer and Corporate Counsel and as Chief Strategy Officer and Assistant General Counsel at Cumberland Trust. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. Prior to joining Cumberland Trust, Haley completed an AmeriCorp term with Harpeth Conservancy. 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. During her time at U.S. Trust, she assisted families with multi-generational financial planning, credit needs and overall wealth management services. Some wills can establish trusts for asset protection purposes or determine guardianship of minor children in the event of both parents death. Alex focuses on providing careful and attentive trust administration, specializing in distinctive care services. Prior to joining Cumberland Trust, he worked as a Portfolio Property Manager at Metropolitan Property Management. Prior to joining Cumberland Trust, she worked for eight years in Special Education for the Williamson County School District. He is past President of the following organizations: the Estate Planning Council of Nashville, the Tennessee Bankers Association Trust Division, and the Planned Giving Council of Nashville. Lorena specializes in building relationships with her clients through regular communication, care, and understanding. Provide a measure of protection when beneficiaries may lack the maturity or expertise to manage their ownaffairs. Our relationship managers provide a high level of communication and responsiveness for the clients we serve. C. Runcie Clements, IV joined Cumberland Trust and Investment Company in 2002 and serves as Chief Legal Officer and General Counsel. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Yes, we have a team dedicated to the administration of Special Needs Trusts. In addition, Dan has over 15 years of custody and trust operations experience from previous positions with State Street Bank and Reliance Trust Company. Whether you're just getting started or expanding to serve more customers in our Tennessee communities, we'll make sure you've got the banking support required for success. Outside of work, Stephen enjoys supporting charitable organizations that help raise funds for various non-profits, such as the USO. Prior to joining Cumberland Trust, Brianna worked as a Business Assistant at a dental practice. Heather Logan joined Cumberland Trust in 2022 as Vice President, Director of Human Resources. Gina holds a B.S. Jodi Monroe joined Cumberland Trust in 2013. Chris is a chartered Financial Analyst (CFA) and Certified Trust and Financial Advisor (CTFA). in International Studies, with honors, from Miami University in Oxford, Ohio. 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. NOTE:Accuracy is not guaranteed. Her background also includes experience in federal and state contract management, and insurance defense litigation. Sharon received a B.S. She received her J.D. from Simon Fraser University in Vancouver, British Columbia, and an M.B.A. from Western Governors University. Debbie holds an Executive J.D. Shelly graduated cum laude from the Fredric G. Levin College of Law at the University of Florida, where she also served as an editor of the Law Review. 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. Fee Schedule - Effective July 2021. degree in Accounting from Asbury University in Wilmore, Kentucky. Carla received a B.A. Additionally, she mentors trust officers and their teams, building connections between Cumberland Trusts relationship managers, external advisors, and clients. Request Information Schedule A Visit You're ready for this. Riley holds a B.S. Plan, preserve, and protect your legacy for generationstocome. In some cases, the creator of the trust may also name himself as co-trustee to be responsible in part for administering the trust. To find out where the sizzle hits the steak for various types of trust company, The Trust Advisor conducted a survey below of what theyre charging. in Business/Management from the University of Phoenix. This legislation allows all of the trust creators top advisors to be involved in the trust management. 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 Communication with a focus in Public Relations from Florida State University. Joseph K. Presley is Chairman and CEO of Cumberland Trust and has supported its commitment to client service, development, and market growth since he joined the company in 2001. As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. 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. Once a Northern Trust account grows beyond $30 million, the company will only charge 5 basis points: $500 a year per $1 million.). Overview. Caitlyn serves as a Trust Officer, focusing on the day-to-day administration of Special Needs Trust (SNT) relationships. Susan serves as Corporate Strategy and Marketing Officer, supporting Cumberland Trusts growth and nationwide reach through content creation, media relations, and the development, planning, and management of various strategic initiatives aimed at reaching current and new target audiences. Dudleys experience includes working as Senior Vice President at First American National Bank. Millie Adams joined Cumberland Trust as a Trust Officer in 2022. Plat or Map. Plumbing Permit Application. Senior Vice President & Managing Director, Operations/Technology. 2021 Cumberland Trust. 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. Under an agency trustee service agreement, the individual trustee, private or professional, has control over all trust administration and trust accounting.