He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. Others on our list (Advisory Trust, Reliance, Saturna, New Hampshire Trust) justify their minimums at lower levels. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Cumberland County. 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. Kailey earned a B.A. , passed in 2002, encourages the use of modern portfolio theory in managing trust assets and defines how trust investment management may be delegated to an investment manager. Prior to joining Cumberland Trust, Katelynn worked for several years in Operations within the financial industry. While in law school, she developed a passion for estate planning during her time in the Homer A. Jones, Jr. Wills Clinic. and Morris, Manning & Martin, LLP. We will be expanding coverage; please also include any other services offered such as investment management, special purpose trusts, HSAs, etc. in Accounting (cum laude) and a J.D. 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. in Art with a minor in Psychology from West Georgia University in Carrollton, Georgia. Practical Variance Appeal Application. 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. Throughout her time at Belmont, she held internships focusing on account and business management. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. Leslie is a member of the Tennessee Bar Association and is licensed to practice law in Tennessee. Prior to her role on the business development team, Elsie was a Trust Administrator, focusing on the day-to-day administration of personal trust relationships for clients needing extra support. Previously, he served as Regional Sales Manager at Scottrade/TD Ameritrade. Previously, she served as Treasurer at Fort Vancouver TV. With a connected team of 120+ experts at your service in 10 offices nationwide. $3.00 will be charged for each distribution . Brianna McCray joined Cumberland Trust as a Trust Specialist in 2021. Katelynn Novak joined Cumberland Trust as a Trust Specialist in 2021. 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. She is a member of the Knoxville Estate Planning Council and the Institute of Certified Bankers. Site by, New Legislation Maintains Tennessees Status as a Leading Trust-Friendly State. Robin McNeil joined Cumberland Trust as a Trust Specialist in 2022. Its expensive to be a fiduciary, Blattmachr acknowledged in our conversation. Trust Fee Schedule. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. If youre like many individuals this time of year, youre starting the year off by creating a list, Working with an attorney to determine what estate planning documents best fit your and your familys needs is, In a revocable or living trust, the trust creator retains rights over the trust, including the ability to. Previously, Susan worked as an Engagement Officer for Cumberland Trust, providing direct support to the Business Development team by initiating and developing new Trust opportunities and prospective client relationships, while also working internally to onboard new accounts. Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Riley Randolph joined Cumberland Trust as a Compliance and Asset Transfer Specialist in 2021. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. All rights reserved. in Political Science from Vanderbilt University and his J.D. She currently volunteers with CASA, which advocates for children who are in the foster care system seeking permanent homes. 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. Meet Our Personal Trust Administration Team, Conveniently Headquartered in Trust-Friendly Tennessee. McGarrity has more than 16 years of experience in the financial services industry. Prior to joining Cumberland Trust, she worked for eight years in Special Education for the Williamson County School District. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Kimberly holds a B.A. 2021 Cumberland Trust. As a student, Hannah played all four years on the Division 1 tennis team, and was captain for two years. from the University of Illinois, Champaign-Urbana, IL where she majored in Economics. However, if non-routine or extraordinary services . But there are a lot of vendors out there that are happy to offload the investment responsibilities and knock a bit off their fees in return. Previously, Mr. Presley served as Chairman, President, and CEO and as President and Chief Operating Officer of Cumberland Trust. (Includes checks, in-person withdrawals, or other electronic means) includes: Overdraft Fee - Assessed when an item is paid Returned Item Fee - Assessed when an item is returned. In this role, Zandra provides direct support to the business development team. No cost to post a project to get multiple bids in hours to compare before hiring. The Tennessee asset protection trust is available to anyone in the country as long as a qualified trustee is a resident of Tennessee or a Tennessee-based trust institution. Bob Carville joined the Cumberland Trust team in 2022. Outside of work, Stephen enjoys supporting charitable organizations that help raise funds for various non-profits, such as the USO. She assists in the onboarding of new Cumberland Trust clients and their advisors, providing attentive support during times of change. Senior Vice President & Managing Director, Trust Administration. 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. Elizabeth Kaegi joined the Cumberland Trust legal team in 2021 and serves as Fiduciary Counsel. Prior to joining Cumberland Trust, Gina spent nine years with Merrill Lynch Insurance Group focusing on estate planning through life insurance. Additionally, she mentors trust officers and their teams, building connections between Cumberland Trusts relationship managers, external advisors, and clients. Lindsay also has previous experience working as a Music Therapist with a variety of individualsranging from babies in the NICU, children and adults with Special Needs, Seniors, and persons in hospice care. Layla received a B.S. in Business Administration from the University of Tennessee, Knoxville and was awarded a J.D. All rights reserved. Lindsay Phillips joined Cumberland Trust as a Trust Specialist in 2022. $10. Previously, Rene held the role of Senior Vice President and Managing Director, Corporate Development, working with our business development team to manage our growth throughout the country and implementing strategic initiatives. Outside of work, Millie enjoys reading, hiking, traveling, and spending time with friends and family. Vice President & Director, Special Needs Trust Administration. Outside of work, he enjoys volunteering with the Cystic Fibrosis Foundation, traveling, and playing pickleball. clerk of court's fee bill adopted pursuant to 42 pa.c.s.a. 2021 Cumberland Trust. 3 x 5 - $20.00 3 x 10 - $35.00 5 x 10 - $50.00 10 x 10 . Lauren holds a bachelors degree in Business Administration with a concentration in Marketing from the University of Tennessee at Martin. In this role, Avery works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. in Political Science from Northwestern University. Caroline holds a B.A. 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. The grantor does not have to be significantly wealthy or have a large number of properties or assets. Wherever fees go, he says, there are going to be a lot more entrants in the trust service business.. Senior Vice President, Special Counsel & Chief Regulatory Compliance Officer. Elsie Bennett joined the Cumberland Trust team in 2015. In this role, she works closely with external and internal auditors, while focusing on Fiduciary Compliance, Corporate Compliance, and Regulatory Compliance. Caroline also serves as the business development liaison, representing Cumberland externally and working closely with the Business Development team in evaluating new business opportunities. in Political Science from the University of Tennessee, Knoxville and was awarded a J.D. 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. 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. The trustee services offered by an individual trustee mirror those offered by a corporate trustee. Prior to joining Cumberland, he also worked as a law clerk for Stites and Harbison, PLLC in Franklin, Tennessee. Asha Nivison joined Cumberland Trust in 2012. Vice President & Director, Special Asset Administration. How Can I Protect My 401(k)? All deeds of conveyance, (with or without a plat), trust deed, fixture filing or security agreement concerning real estate. Amanda received a B.A. Jared Lynd joined Cumberland Trust in 2017. Prior to joining Cumberland Trust, Jeiman served as Treasury Management Officer for Capital Bank. Michelle Diamond is Chief Development Officer. 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. Mary Elizabeth holds a Bachelor of Business Administration (BBA) degree in Finance and a secondary degree in Music Business from Belmont University in Nashville. Since 1750, the Recorder of Deeds has maintained a permanent public record of deeds and documents related to the development, transfer, and encumbrance of real estate in Cumberland County. It's time to rise at Cumberland University We believe your college experience should be intensely personal, intellectually challenging, and full of meaningful moments. Site by Circa Creative Studios. Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. in Finance from the Middle Tennessee State University. Instead, a trust helps to ensure your assetsthe ones that youve worked so hard to buildare distributed in the time frame and manner you desire. Our premier services support families when they need it most, providing guidance, education, peace of mind, respect, and understanding. Fees for managing smaller trusts aren't calculated by percentage because it could eat up a lot of the trust funds. She supports the estate administration team, providing care and attention to estate and post-mortem trust clients. 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. Shannon McGarrity joined the Cumberland Trust team in 2022 as Senior Vice President and Managing Director in Business Development. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Previously, Leslie served as a trust officer, overseeing trust account management and administration. Ryan earned a Bachelor of Business Administration degree (B.B.A.) Lindsay holds a Bachelor of Music in Music Therapy with a Minor in Psychology from the Berklee College of Music in Boston, Massachusetts. Ensure that estate taxes are minimized as much aspossible. 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. Previously, she managed grantor and decedent trust administration teams with Edward Jones. Lori holds a B.A. 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. Leslie Malkiewicz joined the Cumberland Trust team in 2014. Andrea has extensive experience in financial planning, account management, and trust administration and management. A thoughtful estate plan is one of the best gifts you can leave to your family and loved ones. She is a member of the National Trust Real Estate Association (NTREA), as well as the National Trust Closely Held Business Association (NTCHBA). Prior to law school, Jared served as a Supply Chain Analyst with General Electric. This legislation allows all of the trust creators top advisors to be involved in the trust management. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. As a Trust Officer, Emily provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Interpretation Appeal Application. For many families, naming a corporate executor, co-executor, trustee, or co-trustee is preferable to burdening a family member with such a role. She received a J.D. Alex is the Vice President and Director of Cumberland Trusts personal trust administration division. Laura Hawken joined Cumberland Trust in 2019. Meredith Harville joined Cumberland Trust as a Trust Administrator in 2021. in International Studies, with honors, from Miami University in Oxford, Ohio. Based in Nashville, TN, Cumberland Trust is a small finance company with only 121 employees and an annual revenue of $2.0M. 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. Tenisha Clausi joined the Cumberland Trust team in 2013. The Playhouse celebrates its 50th . Danielle Croteau joined Cumberland Trust as a Trust Specialist in 2022. 633 Chestnut Street Jennie holds a B.S. from the University of Florida School of Law. Decanting is a process whereby assets from an irrevocable trust are moved to a new irrevocable trust with updated provisions. 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. The trustee must be legally competent to accept the trust property he or she is to manage. A corporate executors actions are subject to periodic reviews, not only by the beneficiaries but also by independent auditors and regulatory examiners. Rachel now leads the Estate Administration department, which administers trusts and estates of various sizes and complexity throughout the southeast. DURING THIS TIME, the county clerk's OFFICE HAS BEEN RELOCATED TO 1760 S MAIN ST (old progressive savings bank) and they are Open 8 am - 5 pm, mon - fri. Trustee fees are the payments that'll be made to your appointed Trustee in exchange for the service they'll provide as they fulfill their duties in the role. The announcement comes as Cumberland Trust recently reached $5 billion in assets under administration. With it, you can use a trust company with trustee fees on your terms. 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 holds a B.S. Beth is a Certified Mediator and licensed to practice law in Tennessee. She received her J.D. She is a graduate of Cannon Financial Institutes Trust School and has been awarded the Certified Trust and Financial Advisor (CTFA) designation. How Can They Provide Better Service to Families? in Business Administration with a concentration in Pre-Law from the Louisiana State University E.J. Beth focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. 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. Other important documents to consider when drafting a will include power of attorney(s). In this role, Andrea works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. in Psychology and Sociology from Western Kentucky University. Provide for the management of assets while a person is still living and govern how assets will be distributed upondeath. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. She was awarded the Certified Trust and Financial Advisor Designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. 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. High-touch administration for those needing additional support. Site by Circa Creative Studios. She received her J.D. As a collaborative member of the Personal Trust Administration team, Greg 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 a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. Susan earned a B.A. 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. Fee Schedule. Agency trust fee schedules are unique as they fall under agency trustee services. Alternatively, advance directives (e.g., a living will or do-not-resuscitate (DNR)) help guide the specific decisions of doctors and caregivers if you become incapacitated and incapable of expressing your wishes regarding your medical treatment. Vice President, Director of Human Resources. in Political Science from the College of Charleston and serves on the Committee for Institutional Advancement for the Tennessee Performing Arts Center. She also studied abroad at the University of Aberdeen in Scotland. Gina St. Charles joined Cumberland Trust in 2007 and works with over 350 CPAs to coordinate the preparation and filing of trust tax returns with the IRS and state revenue departments. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. . C. Runcie Clements, IV joined Cumberland Trust and Investment Company in 2002 and serves as Chief Legal Officer and General Counsel. Alex serves as Assistant Vice President and Trust Officer in the personal trust administration division. Eloise holds a bachelors degree in International Global Studies with a minor in French from Sewanee: The University of the South.
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