Prior to joining Cumberland Trust, Lauren worked at Franklin Synergy Bank as a Trust and Wealth Management Associate providing support to financial advisors with client onboarding and relationship management. Outside of work, Bonnie enjoys volunteering at Grace Works and One Generation Away. Others on our list (Advisory Trust, Reliance, Saturna, New Hampshire Trust) justify their minimums at lower levels. A lack of planning during life can leave familieswhile grappling with griefnavigating the probate system, inheritance taxes, and other complex issues. Prior to joining Cumberland Trust, Emily worked at a holistic wellness center working with client families. She focuses on being responsive, attentive, and understanding to build relationships with the clients and families she serves. 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. Beth is a Certified Mediator and licensed to practice law in Tennessee. 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. Helina works with the compliance department to help ensure that accounts are opened and documented correctly. She serves as Assistant Vice President and Trust Officer. Vice President, Director of Human Resources. Previously, she practiced estate planning and probate law in Cincinnati, Ohio, working closely with the trust department of a local bank. Prior to joining Cumberland Trust, Douglas worked as a State & Local Tax Associate at KPMG LLP in Indianapolis, Indiana. He also leads training initiatives to support Cumberland Trusts growing administration team as they serve clients. 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. With a connected team of 120+ experts at your service in 10 offices nationwide. In this role, Robert works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. What are Tennessee Community Property Trusts. McGarrity earned a B.S. Assistant Vice President & Account Transfer Manager. They may be a parent with a large life insurance policy who wants to guarantee that their children are provided for without receiving a large sum of cash all at once. Site by, New Legislation Maintains Tennessees Status as a Leading Trust-Friendly State. $10. Additionally, she has worked with Life Crisis Services and the Incarnate Word Hospital. Natalicia has been a member of the National Associate of Realtors and Greater Nashville Realtors Association since 2017. 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. in Financial Management & Financial Planning from Western Kentucky University (Summa Cum Laude). She is a member of the Knoxville Estate Planning Council and the Institute of Certified Bankers. All rights reserved. She earned a J.D. The announcement comes as Cumberland Trust recently reached $5 billion in assets under administration. Vice President & Director, Special Asset Administration. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. We balance any requests against the interest of both the current income and remainder beneficiaries. Previously, while attending law school, he served as a law clerk to the Honorable Judge Kathleen N. Gomes in Division 1 of the Shelby County Probate Court. 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. Katrina focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Senator Thad Cochran (Mississippi). In this role, Sarah collaborates with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. in Advertising and Public Relations from the University of Arkansas. in Political Science from the College of Charleston and serves on the Committee for Institutional Advancement for the Tennessee Performing Arts Center. As a collaborative member of the Personal Trust Administration team, Eloise provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. 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. Zandra Ribas joined the Cumberland Trust team in 2019. Cumberland Trust Education Administration and distributions Record-keeping and reporting Premier client service Conveniently Headquartered in Trust-Friendly Tennessee With a connected team of 120+ experts at your service in 10 offices nationwide. If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply. Prior to joining Cumberland Trust, she worked as a leader of the Activities Department at Abes Garden Alzheimers and Memory Care Center. Previously, she served for ten years as a paralegal and raised her three, now grown, children. Practical Variance Appeal Application. Rene received her B.A. Some firms work strictly from a rate card. He received a J.D. Typically, the grantor is named as the primary beneficiary during his or her lifetime and may also act as his or her own trustee. Prior to Cumberland Trust, Sara worked at a Maryland title company and has experience with title searches, deeds and other loan documentation. Over the past several decades, many states have worked to update trust legislation. TRUST MANAGEMENT FEE MARKET VALUE OF ASSETS ANNUAL FEE First $1 Million 1.20% Next $4 Million .95% Next $5 Million .65% . 2021 Cumberland Trust. However, if non-routine or extraordinary services . Amanda Laginess joined the Cumberland Trust team in 2020. We dont take a trust that isnt going to be profitable, she told me. Andrea Higgins joined Cumberland Trust as a Trust Officer in 2022. COVID update: Cumberland Park Apartments has updated their hours and services. Site by. Creates engaging experiences that inspire conservation action. in Business Administration from Middle Tennessee State University, with minors in Economics and Finance. In this role, Douglas works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Previously, Lou Anne served as Director of the State Advocacy Resource Center of the American Medical Association, where she represented the AMA before the highest levels of state political and medical organizations. Lori Thoeny joined Cumberland Trust in 2008 after working more than 15 years in the brokerage industry. She also works with the compliance department to help ensure that accounts are opened and documented accurately. In her role, Jennie manages the companys day-to-day operations while driving Cumberland Trusts vision for the future. from the University of Arkansas School of Law and holds her LL.M. Haley holds a degree in environment and sustainability with a minor in political science from Sewanee: The University of the South in Sewanee, Tennessee. A Last Will and Testament is perhaps the primary document that comes to mind when most people think of estate planning. Kim holds a B.S. Jeiman earned a Bachelors degree in Business and Technology from the University of Connecticut. If the account has securities or assets, other than Trust Department sponsored mutual funds the fee will be $3.32 per quarter for each security or asset. Jared received a B.S. He received his J.D. Caroline serves as a board member of the YWCA of Nashville and Middle Tennessee. Prior to joining Cumberland Trust, Katelynn worked for several years in Operations within the financial industry. 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. Cumberland, OH. Prior to joining the legal team, Caroline worked as a Trust Officer in the estates administration department overseeing administration of estate and administrative trust accounts. Elizabeth holds a B.A. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. Birth certificate certified copy. As a trust administrator, Donna collaborates with legal, financial, and tax professionals to ensure all aspects of an estate are given careful attention. Previously, Evelyn worked in the banking industry, with experience in audit management, commercial relationship management, and credit analysis. Andrew is an avid hockey enthusiast. 36-2000 (42 pa.c.s.a. With a connected team of 120+ experts at your service in 10 offices nationwide. She supports the estate administration team, providing care and attention to estate and post-mortem trust clients. 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. Jessica serves on the board of The Womens Fund, an endowment fund within The Community Foundation of Middle Tennessee. NOTE:Accuracy is not guaranteed. Assistant Vice President & Compliance Officer. Fee Schedule Search SearchMenu Departments A - C Animal Services Board of Commissioners Board of Elections Budget Division Child Support Community Development Community Transportation Program Cooperative Extension County Attorney County Administration Crown Complex D - I Emergency Services Employee Wellness Engineering Financial Services What is new at CU BBB File Opened: 2/19/2004. degrees in Finance and Management from Lipscomb University. from Baylor University in Waco, Texas. Elsie currently serves as a Business Development Associate in Atlanta, assisting in the onboarding of new trust and estate accounts for families and their professional advisors. and M.Ed in Special Education from the College of Charleston. Previously, she managed grantor and decedent trust administration teams with Edward Jones. Saving forretirementmay soon be mandatory with employers automatically enrolling new hires into plans when eligible. This fee is not to be assessed on assets for which the gross-value fee was Here she provided comprehensive investment management and trust services, while representing individuals and families in Texas and Louisiana. Credit Solution Experts Incorporated offers quality business credit building services, which includes an easy step-by-step system designed for helping clients build their business credit effortlessly. Before joining Cumberland Trust, Lori worked in the Institutional Sales division and Private Wealth Management group at Merrill Lynch and at Morgan Keegan and J. C. Bradford and Company. Rebecca has participated in the Memphis Business Journal Table of Experts panel conversations. 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. He has twenty-four years of experience in banking, education, and trust administration. Alexbeganat Cumberland Trust workingon the legal team and then transitioned to the administration of trust accounts. Newly contributed or acquired assets do not include assets acquired by the sale, transfer, exchange, or otherwise of the amount of trust property on which fees were previously assessed." G.S. By comparison, Wealth Advisors Trusts scale earns out at a slightly higher level ($800,000 in the account), which indicates that its platform is built to support a somewhat more affluent clientele. $20.00. As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. Lindsay has a wealth of experience in customer service and provider relations in the healthcare field as well as teaching and communications. This definitive guide on cost efficient trustee fees will pull back the curtains on what corporate trustees do and how they charge their fees. Prior to joining Cumberland Trust, Owen was a Trust Associate with Pendleton Square Trust Company in Nashville, Tennessee. In this role, Shannon leads the companys business development team as they connect individuals, families and their financial, legal, and tax advisors with Cumberland Trusts high caliber trust and estate administration services. (with honors) from the University of Arkansas, Little Rock. Site by Circa Creative Studios. Meg is licensed to practice law in Tennessee. Phillip Burnett joined the Estate Administration team as a Trust Administrator in 2018. He has also worked in a private legal practice in the areas of estate planning, taxation, real estate, and general business. in Business Management (Deans list & OVC Commissioners Honor Roll). Douglas Kirkpatrick joined Cumberland Trust in 2009. Tim is a graduate of the American Bankers Association Trust School where he earned the Certified Trust and Financial Advisor (CTFA) designation. Carla received a B.A. She specializes in delivering a range of customized trust solutions to best serve each client. Chris is a chartered Financial Analyst (CFA) and Certified Trust and Financial Advisor (CTFA). Site by Circa Creative Studios, 40 Burton Hills Blvd #300, Nashville, TN 37215, USA, 633 Chestnut St, Chattanooga, TN 37450, USA, 334 Ebenezer Rd, Knoxville, TN 37923, USA, 1000 Ridgeway Loop Rd #105, Memphis, TN 38120, USA. He assisted the senators staff in the drafting of legislative documents, helped prepare for Senate Appropriation Committee meetings, and learned about the legislative process from behind the scenes. cumberland trust fee schedule. Riley holds a B.S. In his leisure time Tim enjoys reading and crafting heirloom, hardwood rocking chairs for adults and children. Previously, Lori served as Senior Vice President and Managing Director of Corporate Strategy. Jodi Monroe joined Cumberland Trust in 2013. Outside of work, Sarah enjoys spending time with friends and family. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Sloan Shell joined Cumberland Trust in 2015. He received his J.D. Tennessee is one of only three states that allow community property trusts. Sarah holds a bachelors degree in Finance from Washington State University. Andrew earned a B.S. How Can They Provide Better Service to Families? All rights reserved. Previously, Millie worked in the interior design industry where she specialized in developing interior design solutions and delivering superior client service. Shelby holds a B.S. $25.00. Layla Hebert joined the Cumberland Trusts legal team in 2021 and serves as Fiduciary Counsel. Source: Websites and telephone interviews. Previously, Sloan was with Polo Ralph Lauren Corporation for 14 years, serving in many capacities, including Director of Operations for the company. 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. in Political Science from Colgate University. Cumberland Trust Education Administration and distributions Record-keeping and reporting Premier client service Conveniently Headquartered in Trust-Friendly Tennessee With a connected team of 120+ experts at your service in 10 offices nationwide. Laura Hawken joined Cumberland Trust in 2019. Prior to joining Cumberland Trust, Melissa worked as a Trust Officer at Riverview Trust Company in Vancouver, Washington. Greg received a Business Administration degree, with minors in Organizational Management and Health Promotions from Aurora University, Aurora, Illinois. He manages accounts day-to-day financials, while additionally assisting our Fiduciary Compliance Committee. Additionally, she has experience as a sales assistant for a local stock brokerage firm where she was Series 7 and 66 licensed. Our trustee fee schedule forces us to be effective and mindful. What Investors Need to Know about SECURE 2.0 Provisions, Need Help With Your Asset Allocation in Retirement? Plan, preserve, and protect your legacy for generationstocome. We typically apply the Total Rate of Return concept so that both current and future beneficiaries interests are considered. and Bachelor of Civil Law from the Louisiana State University Paul M. Hebert Law Center. Ensure that government assistance continues while the basic level of care is supplemented for a child with specialneeds. It also reduces capital gains tax implications after the death of one spouse. Zandra studied International Development at Sewanee: The University of the South in Sewanee, Tennessee and Economics at Roanoke College in Salem, Virginia. Growth Permit - Application. She is also an active supporter of Cheekwood and the annual Swan Ball. Prior to joining Cumberland Trust, she held positions at Farmington Mortgage and Franklin Synergy Bank. Dudley holds a B.A. She focuses on being responsive, attentive, and understanding to build relationships with the clients and families she serves. Prior to joining Cumberland Trust, Avery was an associate attorney at Brazil Clark, PLLC and worked as an Investment Advisor at Valor Financial Services. in Business Administration from Hanover College in Hanover, Indiana. Prior to joining Cumberland Trust, she worked as an elementary and middle school teacher for more than 20 years in Philadelphia, Nashville, and Pegram. The Cumberland Land Trust is a private, non-profit, charitable, conservation organization run by a dedicated group of volunteers. Elsie Bennett joined the Cumberland Trust team in 2015. Home - Cumberland Trust We are a family-focused independent trust company. 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. Additionally, she mentors trust officers and their teams, building connections between Cumberland Trusts relationship managers, external advisors, and clients. As Trust Officer in personal trust administration, Laura focuses on providing a high quality of service to clients. Shannon McGarrity joined the Cumberland Trust team in 2022 as Senior Vice President and Managing Director in Business Development. in Public Relations with a Minor in Marketing from Belmont University. 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. Natalicia serves as a Assistant Vice President and Special Assets Officer, working with unique, illiquid, and hard-to-value assets held in trust.
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