Wendy Maynard joined the Cumberland Trust Asset Transfer team in 2021 as an Asset Transfer Specialist. Its never as simple as just lining up the fees, says Mike Flinn, a Phoenix-based trust consultant. Personal Trust Administration - Cumberland Trust 2017 TheTrustAdvisor.com, One thing we discovered: if you just want a no-frills account, Flinn adds, its probably going to cost at least $3,000 a year. Jody joined the Cumberland Trust team in 2010. Our advisor-friendly commitment to independent trust and estate administration allows financial advisors, estate planning attorneys, and accountants to provide their expertise, while we focus on performing our fiduciary duty and taking care of our mutual clients. In this role, Beth works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. Melissa Murray joined the Cumberland Trust Special Needs Trust Administration team in 2021. First Federal Bank is here to support our local businesses with a complete range of commercial banking products. The Tennessee Community Property Trust Act. Quarterly fee of $15.30 per account. Full-Time. The resulting team of experts then works together to provide the beneficiary with care and expertise, ensuring optimal management and administration of the trustorestate. Trust Fee Schedule. Chase Caldwell serves as Assistant Secretary, Assistant Vice President, and Director of Finance for Cumberland Trust. Stephen received a B.S. Fee Schedule Fee Schedule The Recorder's Office accepts the following payment methods: Checks* - Checks should be made payable to "Recorder of Deeds". Her previous experience also includes work as an accountant and as a lawyer in private practice. In this role, Robert works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. McGarrity has more than 16 years of experience in the financial services industry. Meredith graduated from Boise State University in Boise, Idaho with a bachelors degree in Business Administration. Other companies that start at that level include New Hampshire Trust and Georgia-based Reliance Trust. 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. Vice President & Trust Officer, Administration Manager. We will be expanding coverage; please also include any other services offered such as investment management, special purpose trusts, HSAs, etc. All rights reserved. Interpretation Appeal Application - Fillable. Claim This Company Page Cumberland Trust Hiring Katelynn holds a B.S. As Vice President, Trust Officer and Manager in personal trust administration, Jared leads a team of personal trust relationship managers and specializes in guiding high-net-worth clients and their professional advisors through the administration of personal trusts. She is dedicated to expanding our presence in the Georgia market by developing relationships with professional advisors within the local estate planning community and their clients. Personal Trust Administration April is also a graduate of ABA Trust School, as well as Cannons Unique and Hard to Value Assets School. Bonnie holds B.S. She serves as Senior Vice President and Managing Director of Tax Administration. In these instances, planning for the unimaginable may help avoid unnecessary guilt and stress and relieve caregivers of decision-making burdens during unexpected medical emergencies. Lori holds a B.A. Throughout her time at Belmont, she held internships focusing on account and business management. 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. Previously, she served for ten years as a paralegal and raised her three, now grown, children. Multi-Participant Trust legislation was enacted in 2013 that encourages the use of trust advisors and trust protectors to assist in the management of a trust. Meg is licensed to practice law in Tennessee. Andrew earned a B.S. Contact Us; Quick Links. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. FEE SCHEDULE Effective 7/1/22 * All permits and plan review fees included + Additional fees apply as needed for additional inspections # All fees based upon valuation shall be calculated using a signed contract for work. What are the potential benefits and protections offered byatrust? in Psychology and Sociology from Western Kentucky University. Sarah holds a bachelors degree in Finance from Washington State University. High-touch administration for those needing additional support. NO CASH REFUNDS. Kathy Roberts of Santa Fe Trust agrees. Alex holds a B.S. 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. Prior to joining Cumberland Trust, Jennie was Director of Client Strategy and Product Development at Trilliant Health. 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. 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). Jeiman earned a Bachelors degree in Business and Technology from the University of Connecticut. in International Studies and French from Rhodes College in Memphis. She has eight years of customer service experience. Trust fees are headed higher according to our pricing survey completed this week. 1/1/2022 Register of Wills Fee Schedule (pdf) Court Calendar. (Really big clients get institutional-strength discounts. Senior Vice President & Managing Director, Trust Administration. in Business Administration from Middle Tennessee State University. Elizabeth Kaegi joined the Cumberland Trust legal team in 2021 and serves as Fiduciary Counsel. At death, a revocable trust designates a successor trustee and outlines distribution of the trusts assets. in Accounting from Manhattanville College in New York. Our team works in conjunction with any external property managers. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. She was awarded the Certified Trust and Financial Advisor Designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. Endowed Fund Administrative Fee Schedule - cumberlandcf.org 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. in finance from Auburn University. 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. Shannon McGarrity joined the Cumberland Trust team in 2022 as Senior Vice President and Managing Director in Business Development. As Assistant Vice President and Trust Officer, Melissa supports our beneficiaries with special needs, and focuses on providing responsive and attentive service to clients and their financial, legal, and tax professional advisors. All rights reserved. Meet Our Personal Trust Administration Team, Conveniently Headquartered in Trust-Friendly Tennessee. Cumberland Trust has provided professional, comprehensive estate settlement services for many years throughout the geographic regions where we serve. in Communication with a focus in Public Relations from Florida State University. Jennie focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Ryan earned a Bachelor of Business Administration degree (B.B.A.) 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 We understand that flexibility and choice are important when it comes to selecting an investment manager. Each relationship manager is part of a team, so there will always be someone available who is familiar with the account. In many cases, the principal of the trust is distributed to remainder beneficiaries. This definitive guide on cost efficient trustee fees will pull back the curtains on what corporate trustees do and how they charge their fees. Her past experience also includes positions in the legal field as a Docketing Assistant in Intellectual Property at Kilpatrick Townsend, LLP and as a Legal Assistant in Intellectual Property at Morris, Manning & Martin, LLP. It is our duty to treat all beneficiaries objectively and impartially. Amanda received a B.A. Currently, Michelle manages the business development team, who work in Cumberland Trusts headquarters and in each of its regional offices. BBB File Opened: 2/19/2004. Andrea holds a B.A. He currently coaches for the Nashville Predators youth hockey teams. Highway Opening Permit Application. In fact, Lindsays will be the first friendly voice youll likely hear when you call Cumberland Trust. 7A-307(a)(2a). Tim McCoy joined Cumberland Trust in 2022 as a Trust Officer on the Special Needs Trust Administration team. Our mission is to preserve the natural resources of Cumberland for present and future generations by preserving land for open space. Plan, preserve, and protect your legacy for generationstocome. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Jeiman Dosky joined Cumberland Trusts Administration team in 2016. Carla received a B.A. She was awarded a J.D. 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. Prior to joining Cumberland Trust, Haley completed an AmeriCorp term with Harpeth Conservancy. He is licensed to practice law in Tennessee. He received a J.D. Prior to joining Cumberland Trust, she worked as a Customer Service Representative with State Farm. Ryan Russell joined Cumberland Trust as a Trust Officer in 2022. in Communications and English from Hope College in Holland, Michigan. These corporate trustees can charge an annual fee of 0.5% to 2% of the trust's assets, in addition to requiring a minimum. 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. Shelby Carpenter began work at Cumberland Trust in 2016. Previously, Haley worked as a trust specialist in the Distinctive Care Division, specializing in providing assistance to trust officers and administrators, and focusing on supporting clients with special needs. degrees in Finance and Management from Lipscomb University. Prior to joining Cumberland Trust, he held corporate accounting positions at internet start-ups and Fortune 500 companies. Her previous experience includes working in the investment banking division of JP Morgan in the firms New York, Hong Kong, and Sydney, Australia offices and then in the managerial roles of Vice President and Senior Client Manager for JP Morgans Private Client Group in New York. Its expensive to be a fiduciary, Blattmachr acknowledged in our conversation. Each time they were early or on time, fast, and provided excellent service. Cumberland Trust names president | Finance | nashvillepost.com Donna Wooden brings an extensive background in customer support, project coordination, and office administration to the estate team. Jody Hines serves as Vice President and Trust Officer in the Personal Trust Administration department. Sara Speidel joined the administration team at Cumberland Trust in 2007. There are very specific things that every trust has to do, and everything else is extra.. from Purdue University Global. Matt holds a B.A. Cumberland Trust company overview, insights, and reviews | Lensa High-touch administration for those needing additional support. In this role, Sara Kate works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. in Economics from Smith College in Northampton, Massachusetts. Previously, Bonnie worked on Cumberland Trusts Operations team. Vice President & Manager, Business Development Associate. We typically apply the Total Rate of Return concept so that both current and future beneficiaries interests are considered. 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. Prior to joining Cumberland Trust, she worked at both HSBC and Merrill Lynch in their offices in the UK, Malta, and the UAE. 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. He received his J.D. Caroline received a B.A. Eloise Schroer joined Cumberland Trust as a Trust Specialist in 2022. . Rene Frederiksen joined Cumberland Trust 2015. Financial advisors, accountants, and attorneys need a collaborative, non-competitive trust solution for their clients. This document allows the trust creator or grantor to place selected assets in trust. A Last Will and Testament is perhaps the primary document that comes to mind when most people think of estate planning. What is new at CU Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. During her time at Sewanee, she was also a Sustainability Fellow. Constant availability. Tim is a graduate of the American Bankers Association Trust School where he earned the Certified Trust and Financial Advisor (CTFA) designation. Previously, he worked as a conflict analyst with Pillsbury Winthrop Shaw Pittman. Nathan is a Certified Securities Operations Professional (CSOP), a designation awarded by Cannon Financial Institute. from Vanderbilt University. 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. 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. She focuses on helping clients needing extra support through the coordination of distinctive care services. Fees for managing smaller trusts aren't calculated by percentage because it could eat up a lot of the trust funds. Jared Lynd joined Cumberland Trust in 2017. from Nashville School of Law. County Clerk Fees - Hancock County, West Virginia Meredith Harville joined Cumberland Trust as a Trust Administrator in 2021. 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. cumberland trust fee schedule - chamberlainfunding.com Assistant Vice President & Special Assets Officer. Previously, she worked for seven years as a Registered Sales Assistant with a financial advisory firm. 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. and MBA from the University of Memphis. 19 reviews of Cumberland Park Apartments "I lived in Cumberland Park for approximately 7 months during an internship. Dudleys experience includes working as Senior Vice President at First American National Bank. Site by, New Legislation Maintains Tennessees Status as a Leading Trust-Friendly State. . $20.00. Laura holds a Bachelor of Social Work from the University of Mississippi and a Master of Social Work from St. Louis University. Schedule a Visit. Outside of work, Millie enjoys reading, hiking, traveling, and spending time with friends and family. Michelle holds a B.A. Tenisha specializes in providing attentive and professional service to her clients. 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. Take time to consult with a team of trusted professional advisors (e.g., attorney, financial advisor, CPA) and carefully consider the best options for you and your family. Join a community who will help you rise and reach your greatest potential. Gina holds a B.S. from Vanderbilt School of Law and holds a Masters in Taxation (LL.M.) Definitive Guide on Trustee Fees - Wealth Advisors Trust Trust Fee Schedule. Katelynn Novak joined Cumberland Trust as a Trust Specialist in 2021. Adriana Sosa joined the Cumberland Trust Asset Transfer team in 2021 as an Asset Transfer Specialist. Plans for recording must have a scheduled appointment. We believe our relationship managers should be fully focused on their current clients. 2022 Holiday Trash & Recycling Schedule | cumberlandme 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. Mr. Clements heads up a legal team, made up of attorneys, compliance officers, and specialists. 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. In this role, Judy administers estates and administrative trusts, guiding families and individuals during times of loss and transition. "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. 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. Welcome To The Cumberland Land Trust Home Page! Lauren Bargo joined Cumberland Trust as a Trust Specialist in 2022. Depending on your needs, establishing a revocable living trust is another option your attorney might recommend as part of your estate plan. Previously, he worked in the music industry for eight yearsspecializing in song licensing and royalty administration with Capitol Christian Music Group (formerly EMI) and Music Services. High-touch administration for those needing additional support. Eleanor Claiborne joined the Cumberland Trust team in 2012 and works in corporate strategy, events, and marketing. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. Heather holds bachelors degrees in Psychology and Religion from Lambuth University. A corporate executors actions are subject to periodic reviews, not only by the beneficiaries but also by independent auditors and regulatory examiners. in Economics and Finance from Baylor University in Waco, Texas. She received her J.D. COVID update: Cumberland Park Apartments has updated their hours and services. cumberland trust fee schedule All rights reserved. from Western Kentucky University in Bowling Green, Kentucky. Lou Anne Wolfson joined Cumberland Trust in 2013. 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. Kimberly holds a B.A. Carla Hale joined Cumberland Trust in 2009. All rights reserved. Leslie Malkiewicz joined the Cumberland Trust team in 2014. She earned a Master of Management degree from the Kellogg Graduate School of Management at Northwestern University. in Business Administration and Economics from Rhodes College in Memphis and an M.B.A. in Finance and Marketing from Indiana University. 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. Additionally, she is on the board of the Juvenile Diabetes Research Foundation. 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. Mary Elizabeth holds a Bachelor of Business Administration (BBA) degree in Finance and a secondary degree in Music Business from Belmont University in Nashville. cumberland trust fee schedule. Thats really the minimum anyone can comfortably charge. Comprehensive trust administration, education, and proactive client service for your family. Senior Vice President & Managing Director, Business Development. Prior to joining Cumberland Trust, she worked as a Branch Manager with SunTrust Bank in Nashville, TN. Asha Nivison joined Cumberland Trust in 2012. Additionally, she mentors trust officers and their teams, building connections between Cumberland Trusts relationship managers, external advisors, and clients. Some wills can establish trusts for asset protection purposes or determine guardianship of minor children in the event of both parents death. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust.