Other companies that start at that level include New Hampshire Trust and Georgia-based Reliance Trust. McGarrity has more than 16 years of experience in the financial services industry. Growth Permit Application - Fillable. COVID update: Cumberland Park Apartments has updated their hours and services. The Tennessee Investment Services Act, passed in 2007, allows the creator of a trust to place assets in a Tennessee Investment Services Trust, also known as a self-settled or asset protection trust, to protect them from future lawsuits, creditors, and other predators. from Nashville School of Law. She supports the estate administration team, providing care and attention to estate and post-mortem trust clients. She has also taught Money Matters classes at the Boys & Girls Club of Lansing in Lansing, Michigan. Here she provided comprehensive investment management and trust services, while representing individuals and families in Texas and Louisiana. Debbie holds an Executive J.D. She received her J.D. 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. Comprehensive trust administration, education, and proactive client service for your family. Outside of work, Bonnie enjoys volunteering at Grace Works and One Generation Away. She develops and implements marketing initiatives for Cumberland Trusts ten offices. 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. Jessica serves on the board of The Womens Fund, an endowment fund within The Community Foundation of Middle Tennessee. 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. Douglas Stratton joined Cumberland Trust as a Trust Officer in 2022. Jodi works in support of our Middle Tennessee market region, and specializes in providing responsive support to new clients and their financial, legal, and tax professional advisors. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. NOTE:Accuracy is not guaranteed. Prior to joining Cumberland Trust, Layla held the role of contract drafting, review, and negotiation for Vanderbilt University Medical Center as well as experience in due diligence contract review for healthcare companies anticipating mergers and acquisitions. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. google hiring committee rejection rate. With a connected team of 120+ experts at your service in 10 offices nationwide. Prior to joining Cumberland Trust, Shelly founded The Donaldson Law Firm following experience at other firms including Lefkoff, Duncan, Grimes, McSwain & Hass, P.C. Vice President & Director, Special Asset Administration. 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. Practical Variance Appeal Application. If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply. $3.00 will be charged for each distribution . She earned a masters degree in Industrial and Organizational Psychology from Middle Tennessee State University. Sara Speidel joined the administration team at Cumberland Trust in 2007. Plan, preserve, and protect your legacy for generationstocome. Plan, preserve, and protect your legacy for generationstocome. In this role, Ryan works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Thats really the minimum anyone can comfortably charge. She currently volunteers with CASA, which advocates for children who are in the foster care system seeking permanent homes. Decanting is a process whereby assets from an irrevocable trust are moved to a new irrevocable trust with updated provisions. In this role, Stephen collaborates with a team working with unique, illiquid, and hard-to-value assets held in trust. Sharons primary responsibilities involve reviewing and preparing documents and considering tax, legal and other compliance issues with regard to Cumberland Trust and its clients. Additionally, she is on the board of the Juvenile Diabetes Research Foundation. We understand that flexibility and choice are important when it comes to selecting an investment manager. Caitlyn A. Lovell joined the Cumberland Trust team in 2019. Natalicia holds a degree in Finance with a minor in Accounting from Western Michigan University in Kalamazoo, Michigan. Provide for the management of assets while a person is still living and govern how assets will be distributed upondeath. launchpad classlink nmusd; cantonese text to speech; 15 second tv commercial script examples in Business Administration from Middle Tennessee State University, with minors in Economics and Finance. 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. He is a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. As Assistant Vice President and Trust Officer in the personal trust division, she is focused on providing a high level of responsiveness and attention to her clients. Tennessee is one of only three states that allow community property trusts. She was awarded the Certified Trust and Financial Advisor designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. She focuses on delivering responsive and personalized trust administration services. We are located in one of the most trust-friendly states, giving our clients and their assets access to very favorable trust laws. Amanda Laginess joined the Cumberland Trust team in 2020. Hitting the sweet spot is part art, part science, he explains. in Political Science from the College of Charleston and serves on the Committee for Institutional Advancement for the Tennessee Performing Arts Center. 120+ dedicated, trusted experts to serve your family, support your team, and ensure your lasting legacy. Caroline L. H. Bradshaw joined the Cumberland Trust team in 2007. Once you start drilling down into the basis points, it becomes pretty clear that different firms really do different things, he added. As Vice President and Trust Officer, Sara manages personal trust relationships. Meet Our Personal Trust Administration Team, Conveniently Headquartered in Trust-Friendly Tennessee. Our advisor-friendly commitment assures families receive superior service. What are the potential benefits and protections offered byatrust? Prior to joining Cumberland Trust, Jeiman served as Treasury Management Officer for Capital Bank. She also leads strategic initiatives aimed at supporting market growth and commitment to client service, oversees the companys long-term planning goals, and advises on legal fiduciary and corporate governance matters. Elsie Bennett joined the Cumberland Trust team in 2015. What is a Directed Trustee? 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. Beth Lee joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. Lauren Bargo joined Cumberland Trust as a Trust Specialist in 2022. Impartiality. All rights reserved. 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. Asha Nivison joined Cumberland Trust in 2012. 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. Financial advisors, accountants, and attorneys need a collaborative, non-competitive trust solution for their clients. Building Connected Insurance Offerings Starts With Customer-Focused Innovation, Model Portfolio & SMA Strategists Selection Guide, The 2022 TAMP GROWTH SUMMIT | RECEIVE 1.5 HRS CE CREDIT, 2022 America's Most Advisor Friendly Trust Companies, America's Best Trust Technology Buyers Guide 2021-2022. As Trust Officer in personal trust administration, Laura focuses on providing a high quality of service to clients. Owen holds a bachelors degree in Economics from The University of the South in Sewanee, Tennessee. Greg Sauers joined Cumberland Trust as a Trust Administrator in 2020. in Art with a minor in Psychology from West Georgia University in Carrollton, Georgia. 1 Courthouse Square Carlisle, PA 17013. Agency trust fee schedules are unique as they fall under agency trustee services. 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. 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. Trust Fee Schedule. 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. Comprehensive trust administration, education, and proactive client service for your family. When I needed to indefinitely postpone my move, they kept all the information about how much furniture I had on . , passed in 2007, allows the creator of a trust to place assets in a Tennessee Investment Services Trust, also known as a self-settled or asset protection trust, to protect them from future lawsuits, creditors, and other predators. 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. 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. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Before that, she was Vice President in the Custody Income Operations department (Global Securities Services) at Deutsche Bank/State Street in Nashville. Stephen holds a bachelors degree in Managerial Economics with a concentration in Business Economics from the University of California, Davis. 2021 Cumberland Trust. Laylas background also includes experience in utilities regulation while conducting legal research and writing for the Louisiana Public Service Commission. Sloan received her B.A. Cumberland Trust has grown to $5.6 billion in assets under administration and the company continues to deepen its reach in regional markets with additional offices located in Atlanta, Austin . Previously, Zandra worked in retail management. Katrina holds a B.S.B.A (magna cum laude) in Marketing with a minor in Hospitality from the University of Central Florida. Specialized expertise combined with care and compassion for your family. 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. 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 She focuses on being responsive, attentive, and understanding to build relationships with the clients and families she serves. . 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. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. 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. His prior experience includes serving as Trust Operations Manager for First American National Bank and as a Registered Principal with Summit Brokerage Services. Alex is the Vice President and Director of Cumberland Trusts personal trust administration division. from Indiana University Maurer School of Law and is licensed to practice law in Tennessee. The Tennessee Community Property Act of 2010 can benefit families nationwide. Please email [email protected] or call 717.240.6370 to schedule an appointment. Ashley is a Nashville native and earned a B.S. In this role, Riley works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. 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. , passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. Cumberland Trust has provided professional, comprehensive estate settlement services for many years throughout the geographic regions where we serve. NO CASH REFUNDS. 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. Elizabeth Kaegi joined the Cumberland Trust legal team in 2021 and serves as Fiduciary Counsel. Chase Caldwell serves as Assistant Secretary, Assistant Vice President, and Director of Finance for Cumberland Trust. Naturally, its going to cost extra if the trust company also manages the underlying assets. She received a B.A. Lauren holds a bachelors in business administration and a MBA from the University of Mississippi. Additionally, she handles special projects for the compliance team. Prior to joining Cumberland Trust, Jennie served as Vice President at Thompson & Associates, focused on charitable estate planning, Assistant General Counsel of WebMD Envoy, Senior Tax Consultant at Arthur Andersen, and practicing attorney at Waller Lansden Dortch & Davis. 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. and was a founding member of the organizations Family Council. cumberland trust fee schedule. Robin studied Business Administration at Draughons Junior College of Business in Paducah, KY. Helina Mekuria joined Cumberland Trust in 2018. Previously, Millie worked in the interior design industry where she specialized in developing interior design solutions and delivering superior client service. 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 Typically, the grantor is named as the primary beneficiary during his or her lifetime and may also act as his or her own trustee. 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 Assistant Vice President & Account Transfer Manager. 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. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. This person has built an asset base and wants to ensure that those assets are distributed according to their wishes. Alex focuses on providing careful and attentive trust administration, specializing in distinctive care services. As Vice President and Director of the Special Assets team, Dayton works primarily in the evaluation and ongoing administration of special assets, including mineral, oil and gas interests, commercial and residential real estate, closely held business interests, agricultural and rural real estate, timber properties and promissory notes. Asha holds a B.S. Outside of work, Eloise enjoys volunteering within the community and spending time with friends and family. Zandra serves as a Senior Business Development Associate. As Corporate Strategy Officer, Jessica develops the framework and plans to support long-term strategic initiatives for Cumberland Trust. Prior to her career with Cumberland Trust, Lorena worked with children and families as a nanny and au pair.
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