$10. Our advisor-friendly commitment assures families receive superior service. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. 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. While attending college, she served as a member of the executive student government and assisted University Admissions in the recruitment of prospective students. 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. How Can They Provide Better Service to Families. Runcie is a licensed attorney and CPA. Shelly has been a practicing attorney for most of her career and has 14+ years of experience in estate planning, tax and corporate lawspecializing in estate planning for high-net-worth clients and families. Prior to joining Cumberland Trust, Chase worked at Bellhops in Chattanooga as a Business Analyst. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. West Virginia Housing Fund Fee, in addition to any excise tax imposed on property transfers. 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. He received a J.D. Lori is also a graduate of Belmont Universitys Center for Executive Education in Financial Planning and has obtained CFP certification. 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 There are companies that charge small accounts less (Nevada's Summit Trust will go as low as $100 a year), but plenty start their fees at $4,000 and up. Natalicia has been a member of the National Associate of Realtors and Greater Nashville Realtors Association since 2017. We provide continuity to ensure that beneficiaries have a reliable trustee and someone to turn to throughout the duration of the trust, Qualified personal residence trusts (QPRTs). Rene received her B.A. Prior to joining Cumberland Trust, she practiced as an associate attorney with a bankruptcy firm. Plan, preserve, and protect your legacy for generationstocome. Sloan Shell joined Cumberland Trust in 2015. Cumberland Trust & Investment Co. is a privately controlled organization and a par See more Address Multiple locations Size Small Founded 2001 CEO Joseph K. Presley Type Company - Private Revenue $5M to $10M Industry Investing Companies Website https://cumberlandtrust.com Similar companies See what companies are similar to Cumberland Trust in Business Administration with a concentration in Pre-Law from the Louisiana State University E.J. Senior Vice President & Managing Director, Tax. Prior to joining Cumberland Trust, Robin served in multiple roles over six years with Brookdale Senior Living, Inc., including, Senior Living Advisor, RTA Specialist, Connection Center Supervisor, and Quality Assurance Specialist. Industry Financial Services Revenue $2.0M Employees 121 Founded in 2001 Headquarters Nashville, TN Website cumberlandtrust.com Organization Type Private Is This Your Company? Personal Trust Administration - Cumberland Trust As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. Caroline Mitchell joined Cumberland Trust in 2019. Currently, Michelle manages the business development team, who work in Cumberland Trusts headquarters and in each of its regional offices. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Matt focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Document Recording | Berkeley County, WV Lori Thoeny joined Cumberland Trust in 2008 after working more than 15 years in the brokerage industry. She has extensive knowledge in the preparation and review of legal correspondence and compliance documents. Mr. Clements heads up a legal team, made up of attorneys, compliance officers, and specialists. Estate and post-mortem trust administration to honor, support, and carry out your wishes. in Communication with a focus in Public Relations from Florida State University. 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. Based in Nashville, TN, Cumberland Trust is a small finance company with only 121 employees and an annual revenue of $2.0M. Additionally, she is a member of the Estate Planning Council of Middle Tennessee. Caroline also serves as the business development liaison, representing Cumberland externally and working closely with the Business Development team in evaluating new business opportunities. Prior to joining Cumberland Trust, Meredith worked for over five years with Nike, Inc. in their Tennessee offices. 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 This definitive guide on cost efficient trustee fees will pull back the curtains on what corporate trustees do and how they charge their fees. Specialized expertise combined with care and compassion for your family. in American Studies from the University of Tennessee (summa cum laude). She builds client relationships by providing proactive, high quality service to clients and their legal, financial, and tax advisors. Trust Advisors - Private Trust Company: Planning, Administration & More He specializes in guiding high-net-worth individuals and families through the administration and management of personal trusts and foundations. 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. Caroline serves as a board member of the YWCA of Nashville and Middle Tennessee. She was awarded the Certified Trust and Financial Advisor designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. As Vice President, Trust Officer, and Administration Manager, she is responsible for high net worth personal trust relationship management and account administration. Our dedicated staff have the time and attention to make sure our mutual clients receive unmatched support, education, and care when they need it most. Robert holds a B.S. Provide for the management of an individuals assets should he or she becomeincapacitated. Alex holds a B.A. Account minimums tend to be relatively lowWealth Advisors Trust and Santa Fe Trust can theoretically start a trust with as little as $1but expenses can be a little higher to cover the fixed cost of administering these tiny trusts. Jessica serves on the board of The Womens Fund, an endowment fund within The Community Foundation of Middle Tennessee. 2021 Cumberland Trust. Additionally, she handles special projects for the compliance team. Working alongside your chosen team of financial, legal, and tax advisors, we provide experienced trust and estate administration, compassionate hands-on service, guidance, and support through lifes transitions. Outside of work, Sarah enjoys spending time with friends and family. Establishing a trust is not merely a plan to minimize taxes. What is a Directed Trustee? Specialized knowledge. in Accounting. In this role, Stephen collaborates with a team working with unique, illiquid, and hard-to-value assets held in trust. She focuses on helping clients needing extra support through the coordination of distinctive care services. Phillip holds a Bachelors degree in Business Administration with a concentration in Business Management from the University of Mississippi. Rebecca Halvorson joined Cumberland Trust in 2010. SCAM ALERT: Phone scams requesting money have been reported. 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. Please email recorder@cumberlandcountypa.gov or call 717.240.6370 to schedule an appointment. Prior to joining Cumberland Trust, Susan served as a Presentation Specialist at SunTrust Bank, where she was dedicated to content development and messaging strategy for commercial client services. 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. 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. Agency Trustee Fees | Wealth Advisors Trust Company He holds a B.S. from Baylor University in Waco, Texas. Additionally, she is on the board of the Juvenile Diabetes Research Foundation. Cumberland Trust has provided professional, comprehensive estate settlement services for many years throughout the geographic regions where we serve. Definitive Guide on Trustee Fees - Wealth Advisors Trust 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. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Director of Conservation Education and Engagement Job in Cumberland, OH , 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. Millie Adams joined Cumberland Trust as a Trust Officer in 2022. Safe Deposit Box Rental . She was awarded the Certified Trust and Financial Advisor Designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Permits, Applications & Fees - Cumberland, Maine , passed in 2007, allows the creator of a trust to place assets in a Tennessee Investment Services Trust, also known as a self-settled or asset protection trust, to protect them from future lawsuits, creditors, and other predators. and Morris, Manning & Martin, LLP. Mary Elizabeth Carothers joined Cumberland Trust in 2021. in Finance from the Middle Tennessee State University. Mary Elizabeth holds a Bachelor of Business Administration (BBA) degree in Finance and a secondary degree in Music Business from Belmont University in Nashville. Shannon McGarrity joined the Cumberland Trust team in 2022 as Senior Vice President and Managing Director in Business Development. 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. In these roles, Robin helped families find solutions to support their loved ones diagnosed with dementia and Alzheimers disease. McGarrity has more than 16 years of experience in the financial services industry. Nathan is a Certified Securities Operations Professional (CSOP), a designation awarded by Cannon Financial Institute. 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. Prior to joining Cumberland Trust, Jodi worked for 20 years in the banking industry, with 12 years in management, business development, and lending. Is a Revocable, Living Trust Right for You? What is a Directed Trustee? The Tennessee Community Property Trust Act, passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. She earned a J.D. Alex focuses on providing careful and attentive trust administration, specializing in distinctive care services. Elsie Bennett joined the Cumberland Trust team in 2015.
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