cumberland trust fee schedule

Layla has extensive experience in due diligence, contracting, and compliance. What are Tennessee Community Property Trusts. Tim is a graduate of the American Bankers Association Trust School where he earned the Certified Trust and Financial Advisor (CTFA) designation. Prior to joining Cumberland Trust, she worked as a leader of the Activities Department at Abes Garden Alzheimers and Memory Care Center. Adriana holds a B.A. clerk of court's fee bill adopted pursuant to 42 pa.c.s.a. Once a Northern Trust account grows beyond $30 million, the company will only charge 5 basis points: $500 a year per $1 million.). Safe Deposit Box Rental . 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 . Bonnies previous experience also includes roles at JP Morgan Chase and Deutsche Bank. No fee. in Business Administration from Middle Tennessee State University, with a major in Finance. She enjoys welcoming clients and guests, making them feel comfortable and at ease. Prior to joining Cumberland Trust, Melissa worked as a Trust Officer at Riverview Trust Company in Vancouver, Washington. 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. $20.00. Sara Speidel joined the administration team at Cumberland Trust in 2007. Responsibilities. Site by Circa Creative Studios. Fee Schedule - Effective July 2021. As Vice President, Trust Officer, and Administration Manager, she is responsible for high net worth personal trust relationship management and account administration. realized gains on the sale of any and all trust assets. 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. Personal Trust Administration Establishing a trust is not merely a plan to minimize taxes. Elizabeth holds a B.A. Some wills can establish trusts for asset protection purposes or determine guardianship of minor children in the event of both parents death. Asha Nivison joined Cumberland Trust in 2012. Our advisor-friendly commitment assures families receive superior service. Specialized expertise combined with care and compassion for your family. 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. in Advertising and Public Relations from the University of Arkansas. 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. He is licensed to practice law in Tennessee. in Business Administration from the University of Tennessee, Knoxville and was awarded a J.D. Alex is licensed to practice law in Tennessee. Runcie is a graduate of Baylor University with a B.B.A. so is each estate left behind. An outside scholarship may cover the access fee only if the scholarship provider submits to the Office of Financial Aid a written statement that stipulates the scholarship . Vice President, Director of Human Resources. C. Runcie Clements, IV joined Cumberland Trust and Investment Company in 2002 and serves as Chief Legal Officer and General Counsel. 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. in Political Science from the University of Tennessee at Chattanooga and a J.D. in Political Economy from Sweet Briar College in Sweet Briar, Virginia. During her time at Sewanee, she was also a Sustainability Fellow. Originally from Lake McQueeney, Texas, as Vice President and Regional Development Officer Elly focuses on building relationships with legal, financial, and tax professionals throughout the state of Texas. With 15 years of experience in the financial and banking industry, Jeiman brings a high level of expertise to her clients. In this role, Kim supports a team of relationship managers and focuses on providing responsive and attentive service to clients. Douglas holds a B.A. 2021 Cumberland Trust. She received her Masters degree in Management from Embry-Riddle Aeronautical University. 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. 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 If an individual is named to settle your estate, that person could become sick, injured, or have other personal or business interests interfere at a time when his or her presence is crucial. What is a Directed Trustee? Ensure that assets such as a family business are leftundivided. Additionally, he is on the Board of Directors of the Center for Living and Learning and on the Advisory Board for Men of Valor. 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. Fee Schedule. As a member of the Personal Trust Administration team specializing in Distinctive Care, Andrew provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Trust Fee Schedule. In this role, Meredith works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. 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. cumberland trust fee schedule. With a connected team of 120+ experts at your service in 10 offices nationwide. While attending college, she served as a member of the executive student government and assisted University Admissions in the recruitment of prospective students. Andrew Serpico joined Cumberland Trust as a Trust Specialist in 2021. 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. A corporate executor, with many on-staff professionals, is always available. But at that level, its going to be very difficult to stay in the business.. He is a First Lieutenant in the U.S. Army JAG Corps, Reserve Component. She is licensed to practice law in Arkansas and Tennessee. In this role, Zandra provides direct support to the business development team. Jared has extensive experience working with family offices and in the administration of complex trust assets, including inherited Individual Retirement Accounts (IRAs). Register of Wills The primary function of the Register is to determine whether documents offered for probate should be admitted to the official record. from Quinnipiac University School of Law in Hamden, Connecticut. from Purdue University Global. What are the potential benefits and protections offered byatrust? One of the resulting benefits. really really smart guy in Math). April is also a graduate of ABA Trust School, as well as Cannons Unique and Hard to Value Assets School. He currently coaches for the Nashville Predators youth hockey teams. 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. Outside of work, Bonnie enjoys volunteering at Grace Works and One Generation Away. in Political Science from Northwestern University. in Family and Consumer Sciences from the University of Georgia. with a concentration in Business Transactions from the University of Tennessee College of Law (magna cum laude). degree in Accounting from Asbury University in Wilmore, Kentucky. Eloise holds a bachelors degree in International Global Studies with a minor in French from Sewanee: The University of the South. Toll Free: 1.888.697.0371. April holds a B.S. Senator Thad Cochran (Mississippi). She has extensive knowledge in the preparation and review of legal correspondence and compliance documents. Michelle holds a bachelors degree in Education from Aquinas College. Ensure that estate taxes are minimized as much aspossible. Prior to joining Cumberland Trust, she worked as a Branch Manager with SunTrust Bank in Nashville, TN. Outside of work, Sarah enjoys spending time with friends and family. There are companies that charge small accounts less (Nevadas Summit Trust will go as low as $100 a year), but plenty start their fees at $4,000 and up. Dan Jernigan serves as Corporate Secretary, Senior Vice President, and Managing Director of Compliance and Audits for Cumberland Trust. Tennessee is one of only three states that allow community property trusts. Previously, she worked as a Teller, then Personal Banker and Assistant Manager in consumer banking at Bank of America, then with Private Wealth Management at U.S. Trust, and on the Commercial Banking Team at Bank of America. Caroline previously served as an Assistant Vice President and Trust Advisor at SunTrust administering trusts and managing high net worth client relationships. While attending college, she held various internships in sales and marketing. All rights reserved. Meet Our Estate and Post-Mortem Trust Administration Experts, Conveniently Headquartered in Trust-Friendly Tennessee. 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. Scott Martin, contributing editor, The Trust Advisor. Before joining the Cumberland Trust team, Jared worked as an associate attorney at Hagan Law Group, PLLC in the practice areas of business law, property law, and estate planning. He also leads training initiatives to support Cumberland Trusts growing administration team as they serve clients. Papers for birth certificate in another county one year or more after birth. Families can feel assured knowing their loved ones will be looked after when theyre gone, and that their legacy will have a lasting impact. 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 Lorena holds an Associate degree in Business from Nashville State Community College. 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. Rebecca Halvorson joined Cumberland Trust in 2010. 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. in Public Relations with a Minor in Marketing from Belmont University. There is no worry that we will be influenced to favor one beneficiary over another. Whatever happens, says Kathy Roberts, the CEO of Santa Fe Trust, small accounts shouldnt be loss leaders. 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. The Tennessee Community Property Trust Act. Just another site. 2022 Holiday Trash & Recycling Schedule | 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 Ryan Russell joined Cumberland Trust as a Trust Officer in 2022. Douglas is a member of the Young Alumni Council and Gordon Ford College of Business Associates at Western Kentucky University. 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. As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. In some cases, the creator of the trust may also name himself as co-trustee to be responsible in part for administering the trust. Chase Caldwell serves as Assistant Secretary, Assistant Vice President, and Director of Finance for Cumberland Trust. Shelby holds a B.S. Our mission is to preserve the natural resources of Cumberland for present and future generations by preserving land for open space. High-touch administration for those needing additional support. Kim Kochamba joined the Cumberland Trust Special Needs Trust Administration team in 2023 as a Trust Specialist. 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. Meredith graduated from Boise State University in Boise, Idaho with a bachelors degree in Business Administration. Sara Kate Nash joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. Chattanooga, TN 37450, Chief Development Officer & Executive Director of Regional Markets, CTFA, Senior Vice President & Business Development Officer, 1000 Ridgeway Loop RoadSuite 105Memphis, TN 38120, Senior Vice President & Managing Director, Corporate Development, 40 Burton Hills BoulevardSuite 300, Burton Hills IVNashville, TN 37215. There is a 2.25% convenience fee with a minimum fee of $2.50 per transaction to the filer Tennessee continues to distinguish itself as a desirable state for trusts, and new legislation maintains this advantage. He holds a B.S. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Haley Tucker joined the Cumberland Trust team in 2019. Financial advisors, accountants, and attorneys need a collaborative, non-competitive trust solution for their clients. Sarah focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Previously, Chris served as Senior Vice President, Managing Director, and Head of Administration. Douglas Kirkpatrick joined Cumberland Trust in 2009. in Business/Management from the University of Phoenix. 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. Prior to joining Cumberland Trust, Adriana worked as an Account Manager in the direct mail industry, managing the status of accounts and supporting client relationships. Originally from New York state, Bob holds a Bachelor of Science degree in Engineering from Rochester Institute of Technology. Diseo y fabricacin de reactores y equipo cientfico y de laboratorio Prior to joining Cumberland Trust, she was a Trust Officer at First Tennessee providing account and administration support to families in the areas of personal trust, employee benefits, and investment management. How Can They Provide Better Service to Families? Is a Revocable, Living Trust Right for You? Layla is licensed to practice law in Tennessee and Louisiana. Jared is a member of the Tennessee Bar Association and is active with the Estate Planning and Probate Section. 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. Jeiman earned a Bachelors degree in Business and Technology from the University of Connecticut. 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. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Greg received a Business Administration degree, with minors in Organizational Management and Health Promotions from Aurora University, Aurora, Illinois. West Virginia Housing Fund Fee, in addition to any excise tax imposed on property transfers. Credit cards - Credit card payments are being processed through Value Payment Systems (VPS). from the University of Florida School of Law. Caitlyn A. Lovell joined the Cumberland Trust team in 2019. Vice President & Director, Estate Administration. In this role, Dan works closely with external and internal auditors, while managing a team focused on Fiduciary Compliance, Corporate Compliance, Regulatory Compliance, Audit, and Account Transfer. Other important documents to consider when drafting a will include power of attorney(s). Comprehensive trust administration, education, and proactive client service for your family. Prior to joining Cumberland Trust, Ryan worked for litigation firmshandling cases involving complex commercial litigation, bankruptcy, and personal injury. Site by Circa Creative Studios, Specialized Knowledge and Focused Administration. Jennie Renwick joined Cumberland Trust in 2021 and serves as a Vice President and Trust Officer. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Other companies that start at that level include New Hampshire Trust and Georgia-based Reliance Trust. Outside of work, Brianna has enjoyed volunteering at Atlanta Ronald McDonald House where she helped provide meals to patients and families in residence. Rebecca has participated in the Memphis Business Journal Table of Experts panel conversations. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Senior Vice President, Special Counsel & Chief Regulatory Compliance Officer. As a Trust Administrator and collaborative member of the Personal Trust Administration team, Mary Elizabeth provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Industry Financial Services Revenue $2.0M Employees 121 Founded in 2001 Headquarters Nashville, TN Website cumberlandtrust.com Organization Type Private Is This Your Company? degree in Sociology and minor in Psychology from the University of Southern Illinois-Edwardsville. in Political Science and Economics from the University of Tennessee and a Paralegal Certificate from the National Institute of Paralegal Training in Atlanta. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. in Business Administration from Auburn University. Ourso College of Business. Prior to joining Cumberland Trust in 2021, Lisa was a senior director and business manager with TIAA, working with their private asset management group. Accountability. Douglas Stratton joined Cumberland Trust as a Trust Officer in 2022. in Business Administration from Middle Tennessee State University, with minors in Economics and Finance. 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. Stephen Crofford joined Cumberland Trust in 2016. Caroline serves as a board member of the YWCA of Nashville and Middle Tennessee. Katelynn holds a B.S. Zandra studied International Development at Sewanee: The University of the South in Sewanee, Tennessee and Economics at Roanoke College in Salem, Virginia. Specialized expertise combined with care and compassion for your family. In many cases, the principal of the trust is distributed to remainder beneficiaries. 120+ dedicated, trusted experts to serve your family, support your team, and ensure your lasting legacy. Over the past several decades, many states have worked to update trust legislation. Rebecca is a native of Memphis and remains involved in the community. Typically, the grantor is named as the primary beneficiary during his or her lifetime and may also act as his or her own trustee.

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