The Tennessee Community Property Trust Act. In his role, Jody administers personal trusts, providing responsive service to our clients and their external advisors. As Vice President and Manager, Business Development Associate, Carla oversees the onboarding of new business in the Nashville area while managing a team of engagement officers. She continues to volunteer with the Harpeth Conservancy working on the Tennessee rivers. 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. Families can feel assured knowing their loved ones will be looked after when theyre gone, and that their legacy will have a lasting impact. Katelynn holds a B.S. COVID update: Cumberland Park Apartments has updated their hours and services. Previously, he worked in the financial solutions industry. Danielle is currently pursuing an MBA with a concentration in Finance. She is involved in the community supporting children in the foster care system and she previously fostered a child in her home for about 2 years until they were adopted. Jennie holds a B.S. Previously, David interned at Valmont Investments and ECOM USA working with real estate and commodities. He also holds a Six Sigma Yellow Belt certification. So that provides a floor on what people can offer.. 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. "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. Zandra serves as a Senior Business Development Associate. 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. 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. Phillip assists in the administration of post-mortem estates and works with clients and beneficiaries to understand the steps of the estate process. Prior to joining Cumberland Trust, he held corporate accounting positions at internet start-ups and Fortune 500 companies. LOCATIONS NEAR ME Resources and Insights 2022 New Year's Resolutions Deed Of Trust. She received her J.D. How Can I Protect My 401(k)? Douglas Kirkpatrick joined Cumberland Trust in 2009. 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. Kimberly holds a B.A. Rachel now leads the Estate Administration department, which administers trusts and estates of various sizes and complexity throughout the southeast. Yes, we have a team that focuses on the administration of illiquid assets held in trust. As Vice President & Director of Special Asset Administration, April works in ongoing administration of special assets held in trust, such as commercial or residential real estate; closely-held business interests; mineral, oil, and gas interests; and promissory notes. Estate and post-mortem trust administration to honor, support, and carry out your wishes. Plan, preserve, and protect your legacy for generationstocome. Heather holds bachelors degrees in Psychology and Religion from Lambuth University. He advises the company on trust and estate administration, special assets administration, fiduciary compliance and corporate governance matters. Schedule a Visit. Tim McCoy joined Cumberland Trust in 2022 as a Trust Officer on the Special Needs Trust Administration team. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. She also managed the Private Client Services department at Advisory Trust Company in Phoenix, Arizona, and as a senior private client fiduciary advisor cultivated relationships with advisors, administrative support staff, and other professionals while working at their office location in Wilmington, Delaware. Previously, Greg worked in human resources and in youth sports. Previously, Zandra worked in retail management. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Jennie Menzie joined Cumberland Trust in 2012 and serves as President, Chief Operating Officer, and Corporate Counsel. With it, you can use a trust company with trustee fees on your terms. April Drennan joined Cumberland Trust in 2019. from the University of Florida School of Law. 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. His prior experience includes serving as Trust Operations Manager for First American National Bank and as a Registered Principal with Summit Brokerage Services. Prior, Meg practiced as an Associate Attorney at Goodman Callahan Blackstone, PLLC, handling Estate Administration and Probate. Dan holds a B.S. 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. While attending college, she served as a member of the executive student government and assisted University Admissions in the recruitment of prospective students. Protect assets from future lawsuits, creditors, ordivorce. But beyond that level, technology keeps improving and letting efficient trust companies bring down their overall cost proposition. Lisa brings a wealth of experience to the Cumberland Trust team. 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. Download the Fee Schedule Personal Trusts - Continual Administration ANNUAL FEE: Based on fair market value of trust assets 0.60% of the first $1,000,000 0.50% of the next $1,000,001 - $2,000,000 0.35% of the next $2,000,001 - $5,000,000 Negotiable over $5,000,000 Minimum Fee: $3,000 Trust Settlements - Outright Distribution in Business Administration from Auburn University. In many cases, the principal of the trust is distributed to remainder beneficiaries. Our premier services support families when they need it most, providing guidance, education, peace of mind, respect, and understanding. Trusted relationships are at the heart of what we do. 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. As Vice President, Trust Officer, and Administration Manager, she is responsible for high net worth personal trust relationship management and account administration. Prior to joining Cumberland Trust, Brianna worked as a Business Assistant at a dental practice. Tennessee continues to distinguish itself as a desirable state for trusts, and new legislation maintains this advantage. stickman swing cool math; ufc gym plantation; how to send certified mail with return receipt; bronwydd house porth history Location of This Business. While attending college, she interned with a commercial real estate investment firm. She received her Masters degree in Management from Embry-Riddle Aeronautical University. Alex has three years of banking experience prior to joining Cumberland Trust, most recently working at First Tennessee Bank. In the event of the grantors incapacity, a revocable trust also dictates who will manage the trust and financial affairs, which could prevent the need for competency hearings and court proceedings to appoint a conservator or guardian of the assets. A corporate executor, with many on-staff professionals, is always available. 1/1/2022 Register of Wills Fee Schedule (pdf) Court Calendar. in Communication Studies with an emphasis in Public Communications from Marshall University in Huntington, West Virginia. Riley Randolph joined Cumberland Trust as a Compliance and Asset Transfer Specialist in 2021. It all depends on the size of account they're courting and what makes economic sense, Christopher Holtby, president of Wealth Advisors Trust Company, told me. Heather Logan joined Cumberland Trust in 2022 as Vice President, Director of Human Resources. Lindsay Hardin joined the Cumberland Trust team in 2015. Vice President & Director, Legal, Senior Fiduciary Counsel. Caitlyn A. Lovell joined the Cumberland Trust team in 2019. Full-Time. Show all. Debbie is a Certified Trust and Financial Advisor (CTFA), graduate of the Cannon Trust School, through Cannon Financial Institute, and has received the Chartered Special Needs Consultant (ChSNC) Designation. 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. She is a Fellow in Charitable Estate Planning from the Institute of Charitable Estate Planning. Prior to joining Cumberland Trust, she worked for Larson Juhl as a customer service team leader. Prior to joining Cumberland Trust, Emily worked at a holistic wellness center working with client families. Outside of work, Matt has enjoyed coaching youth golf and basketball, and is an avid Indianapolis Colts and Cincinnati Reds fan. Andrew is an avid hockey enthusiast. Kathy Roberts of Santa Fe Trust agrees. Fee Schedule. With a connected team of 120+ experts at your service in 10 offices nationwide. Michelle is a regular speaker for industry-related events nationwide, and she has been published in The Tennessean. Layla received a B.S. As Senior Vice President and Managing Director in Corporate Development, she cultivates relationships, working with families and advisors to deliver a full range of trust services. $10.00. Previously, Elly served as a trust officer in Cumberland Trusts Nashville headquarters, administering trust relationships and providing direct client support. Matt holds a B.A. Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). $25.00 per occurrence, maximum of 4 Overdraft and / or Returned Item Fees per day. She specializes in estate and post-mortem trust administration, especially those involving complicated family structures and tax issues. from Quinnipiac University School of Law in Hamden, Connecticut. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. There are very specific things that every trust has to do, and everything else is extra.. Owen Lovell joined Cumberland Trust as a Trust Administrator in 2022. Evelyn Leonard joined the Cumberland Trust team in 2016 and works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. 2021 Cumberland Trust. Outside of work, Ryan enjoys volunteering at the St. Philip Legal Clinic in Franklin, TN. 2021 Cumberland Trust. Responsibilities. No fee. Plan, preserve, and protect your legacy for generationstocome. 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. From checking and savings products to business loans . Leslie is a member of the Tennessee Bar Association and is licensed to practice law in Tennessee. These corporate trustees can charge an annual fee of 0.5% to 2% of the trust's assets, in addition to requiring a minimum. Corporate Secretary, Senior Vice President & Managing Director, Compliance and Audit. He received his J.D. All rights reserved. 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 . On the legal team, as Vice President and Fiduciary Counsel, Caroline reviews and drafts documents relating to trust and estate accounts. from Belmont University College of Law. 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. Millie Adams joined Cumberland Trust as a Trust Officer in 2022. Riley holds a B.S. Ashley is a Nashville native and earned a B.S. Kimberly George joined the Cumberland Trust team in 2014. from the University of Memphis Cecil C. Humphreys School of Law. All rights reserved. Previously, she served as a Trust Specialist in administration and as she developed relationships there, Lindsay discovered that what she enjoys most is speaking with clients and interacting with them more personally on a daily basis. Provide for the management of an individuals assets should he or she becomeincapacitated. in Communication from Salem College in Winston-Salem, North Carolina. 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. She is a member of the Knoxville Estate Planning Council and the Institute of Certified Bankers. He manages accounts day-to-day financials, while additionally assisting our Fiduciary Compliance Committee. 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. Vice President & Director, Special Needs Trust Administration. Mr. Clements heads up a legal team, made up of attorneys, compliance officers, and specialists. in American Studies from the University of Tennessee (summa cum laude). Alex focuses on providing careful and attentive trust administration, specializing in distinctive care services. How Can They Provide Better Service to Families. All rights reserved. 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. Haley holds a degree in environment and sustainability with a minor in political science from Sewanee: The University of the South in Sewanee, Tennessee. Register of Wills The primary function of the Register is to determine whether documents offered for probate should be admitted to the official record. Papers for birth certificate in another county one year or more after birth. An avid supporter of the visual and performing arts, Mr. Presley has served as board member, vice-chair, and treasurer for the Nashville Symphony; board member and finance committee member for Cheekwood; board member, vice-chair, and head of public arts for Nashville for the Metro Arts Commission; and currently as board member of the Arts & Business Council. Previously, Matt Co-Chaired the Paul E. Skeens Scramble for HELP, a golf event that helped raise proceeds for scholarships for need-based, learning-disabled students at Marshall University. The access fee is considered a cash fee, therefore institutional aid and outside scholarships are not allowed to be used as payment. Yes, we have a team dedicated to the administration of Special Needs Trusts. A native of Missouri, Lisa works to expand Cumberland Trusts presence in the Midwest region. Additionally, she serves as a member of the St. Louis Estate Planning Council. Based in Nashville, TN, Cumberland Trust is a small finance company with only 121 employees and an annual revenue of $2.0M. She received a J.D. First Federal Bank is here to support our local businesses with a complete range of commercial banking products. NOTE:Accuracy is not guaranteed. Provide for the management of assets while a person is still living and govern how assets will be distributed upondeath. Andrea has extensive experience in financial planning, account management, and trust administration and management. 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. Alex Gillott has been with Cumberland Trust since 2013. Eloise Schroer joined Cumberland Trust as a Trust Specialist in 2022. in International Studies, with honors, from Miami University in Oxford, Ohio. For example, if the trust is worth $2 million, the trustee would receive $20,000 compensation that year. 120+ dedicated, trusted experts to serve your family, support your team, and ensure your lasting legacy. No fee. Source: Websites and telephone interviews. clerk of court's fee bill adopted pursuant to 42 pa.c.s.a. Outside of work, Bonnie enjoys volunteering at Grace Works and One Generation Away. in Communication with a focus in Public Relations from Florida State University. in Political Science from the College of Charleston and serves on the Committee for Institutional Advancement for the Tennessee Performing Arts Center. In this role, Judy administers estates and administrative trusts, guiding families and individuals during times of loss and transition. Scott Martin, contributing editor, The Trust Advisor. Lauren holds a bachelors in business administration and a MBA from the University of Mississippi. 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. In this role, Beth works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. She received her J.D. Natalicia serves as a Assistant Vice President and Special Assets Officer, working with unique, illiquid, and hard-to-value assets held in trust. Services are intended to be all-inclusive. Impact Fee for Recreational Facilities & Open Space Impact Fee Ordinance. In this role, Robert works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. The beneficiaries of the trust must be clearly identified or ascertainable. Melissa Murray joined the Cumberland Trust Special Needs Trust Administration team in 2021. High-touch administration for those needing additional support. Alex holds a B.S. in Communications and English from Hope College in Holland, Michigan. All other documents. Clerk's Fee, Transfer Fee, Open Space Preservation Fee. Advises family on tax laws and implications. All rights reserved. Prior to joining Cumberland Trust, Millie served as an Associate Wealth Advisor at Truxton Trust, providing sophisticated and personalized wealth management services. Additionally, she is a member of the Estate Planning Council of Middle Tennessee. In this role, Andrea works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. She assists in the onboarding of new Cumberland Trust clients and their advisors, providing attentive support during times of change. 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. Prior to joining Cumberland Trust, Owen was a Trust Associate with Pendleton Square Trust Company in Nashville, Tennessee. It also reduces capital gains tax implications after the death of one spouse. Site by, New Legislation Maintains Tennessees Status as a Leading Trust-Friendly State. This could mean naming current beneficiaries and then allowing for the inclusion of others born after the trusts inception. Katrina Martin joined the Cumberland Trust team in 2020. We dont take a trust that isnt going to be profitable, she told me. Learn more to protect yourself and avoid falling victim. Sharon is a registered CPA in Arkansas and is licensed to practice law in both Arkansas and Tennessee. Bid Notifications. Caroline L. H. Bradshaw joined the Cumberland Trust team in 2007. Previously, she served as an engagement officer, onboarding new trust and estate clients and acting as an internal liaison between the Business Development, Administration, and Estate departments to smoothly transition new client accounts onto our platform. 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. Since our relationship managers do not have sales goals and have a manageable number of accounts, they are able to develop long-term relationships with their clients and regularly communicate with them, as needed. Zandra studied International Development at Sewanee: The University of the South in Sewanee, Tennessee and Economics at Roanoke College in Salem, Virginia. No products in the cart. Caroline serves as a board member of the YWCA of Nashville and Middle Tennessee. Prior to that, she held an integral role as manager within Cumberland Trusts Personal Trust Administration team, with a specialized focus on relationships with high-net-worth families. Prior to joining Cumberland Trust, he worked as a Portfolio Property Manager at Metropolitan Property Management. In this role, Ryan works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Previously, he worked as a conflict analyst with Pillsbury Winthrop Shaw Pittman. In this role, Chase focuses on Cumberland Trusts corporate operations. Cumberland County - Tennessee. 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. The Grantor is the creator of the trust. 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. As Vice President of Corporate Development, Douglas works to expand Cumberland Trusts relationships with families and advisors in the Nashville region. Lisa has been recognized for her work and accomplishments in the trusts and estates industry. 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. Previously, Jennie served as Chief Operating Officer and Corporate Counsel and as Chief Strategy Officer and Assistant General Counsel at Cumberland Trust. Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. The Tennessee Community Property Act of 2010 can benefit families nationwide. Robert focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. She currently volunteers with CASA, which advocates for children who are in the foster care system seeking permanent homes. 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. Shelly graduated cum laude from the Fredric G. Levin College of Law at the University of Florida, where she also served as an editor of the Law Review. At Cumberlands start, Michelle, a Trust Officer, helped to establish the open architecture platform that focuses on helping families and forming partnerships with advisors. Prior to joining Cumberland Trust, Jodi worked for 20 years in the banking industry, with 12 years in management, business development, and lending. 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. Help beneficiaries avoid the unnecessary expenses ofprobate. 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. Natalicia has been a member of the National Associate of Realtors and Greater Nashville Realtors Association since 2017. LOCATIONS NEAR ME Resources and Insights 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. In this role, Kim supports a team of relationship managers and focuses on providing responsive and attentive service to clients. Companies like Wealth Advisors Trust, Advisory Trust and Santa Fe Trust, cater exclusively to investment advisors looking for a place to refer their clients who need to open a trust. She also studied abroad at the University of Aberdeen in Scotland. $20.00. 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. Sharon Winkler joined Cumberland Trust in 2007 and serves as Senior Vice President, Special Counsel, Chief Regulatory Compliance Officer. With a connected team of 120+ experts at your service in 10 offices nationwide. $20. Provide regular disbursements to someone who is unable to manage large sums ofmoney. Greg received a Business Administration degree, with minors in Organizational Management and Health Promotions from Aurora University, Aurora, Illinois.