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Her experience includes developing and leading an internal middle office team to support attorneys, wealth management advisors and clients with the onboarding and funding of new trust and estate accounts and relationships. She is licensed to practice law in Illinois. Chris Buckley joined the Cumberland Trust team in 2006. All rights reserved. In this role, Kailey provides direct support to the business development team, assisting with ongoing development and onboarding of new and prospective Cumberland Trust clients and their professional advisors. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Comprehensive trust administration, education, and proactive client service for your family. 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. from the University of Kentucky College of Law in Lexington, Kentucky. Danielle is currently pursuing an MBA with a concentration in Finance. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. in Business Administration with a concentration in Pre-Law from the Louisiana State University E.J. cumberland trust fee schedule An essential planning tool, a will dictates distribution of your assets from your estate to surviving family members, friends, or favored charitable organizations. Prior to joining Cumberland Trust, Brianna worked as a Business Assistant at a dental practice. Rene Frederiksen joined Cumberland Trust 2015. When asked to present a benchmark, he estimated that a relatively bare-bones Peak Trust account might charge 50 basis points a year or an annual minimum of $3,500. Heather holds bachelors degrees in Psychology and Religion from Lambuth University. Additionally, he is a member of Estate Planning Council of Middle Tennessee and active member of the University of Tennessee, Knoxville Alumni Association. 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. A native of Missouri, Lisa works to expand Cumberland Trusts presence in the Midwest region. She has particular expertise in tax and estate planning involving real estate, closely held business entities and planning for a family member with a disability (Special Needs Planning). She received a B.A. 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. in Finance from Tennessee Technological University. David holds a bachelors degree in economics with a minor in business finance from Sewanee: The University of the South, Sewanee, Tennessee. Jeiman Dosky joined Cumberland Trusts Administration team in 2016. Andrew is an avid hockey enthusiast. 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. But beyond that level, technology keeps improving and letting efficient trust companies bring down their overall cost proposition. She serves as Assistant Vice President and Trust Officer. launchpad classlink nmusd; cantonese text to speech; 15 second tv commercial script examples High-touch administration for those needing additional support. 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. Jessica serves on the board of The Womens Fund, an endowment fund within The Community Foundation of Middle Tennessee. Alex serves as Assistant Vice President and Trust Officer in the personal trust administration division. No cost to post a project to get multiple bids in hours to compare before hiring. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Tennessee is one of only three states that allow community property trusts. Prior to joining Cumberland Trust, Jodi worked for 20 years in the banking industry, with 12 years in management, business development, and lending. from Northwestern University School of Law. Matt holds a B.A. Outside of work, he enjoys volunteering with the Cystic Fibrosis Foundation, traveling, and playing pickleball. 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. She is also an active supporter of Cheekwood and the annual Swan Ball. 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. Full-Time. She is a member of the Society of Trust & Estate Practitioners and earned Financial Planning Certificates 1, 2, and 3 from the Chartered Insurance Institute in the UK. 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. 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. Jennie has served on the Board of Directors of Vox Grata since 2017. Laura holds a Bachelor of Social Work from the University of Mississippi and a Master of Social Work from St. Louis University. In this role, Judy administers estates and administrative trusts, guiding families and individuals during times of loss and transition. in Art with a minor in Psychology from West Georgia University in Carrollton, Georgia. Prior to joining Cumberland Trust, Haley completed an AmeriCorp term with Harpeth Conservancy. In this role, Lisa focuses on building relationships with external advisors (including financial advisors, attorneys, and accountants), individuals and families through personalized trust and estate services. In his role, Jody administers personal trusts, providing responsive service to our clients and their external advisors. Some select this option to avoid a lengthy probate process and protect the privacy of the grantor and beneficiaries of the trust. in Business Administration and Economics from Rhodes College in Memphis and an M.B.A. in Finance and Marketing from Indiana University. in Music Business from Belmont University. Interpretation Appeal Application - Fillable. 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. cumberland trust fee schedule. There is a 2.25% convenience fee with a minimum fee of $2.50 per transaction to the filer $25.00. The upshot is that by concentrating on high-end clients, a white-glove firm like Northern Trust can build a lot of sizzle into its steak, even though the cost per dollar of AUM is comparable to what bare-bones vendors charge. 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. Naturally, its going to cost extra if the trust company also manages the underlying assets. 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. Previously, Bonnie worked on Cumberland Trusts Operations team. Jody joined the Cumberland Trust team in 2010. Previously, Carla worked in Cumberland Trusts personal trust administration and tax divisions. Eloise Schroer joined Cumberland Trust as a Trust Specialist in 2022. Tuition and Fees. and Bachelor of Civil Law from the Louisiana State University Paul M. Hebert Law Center. Previously, Caitlyn worked as an associate manager at Tumi Inc. and, before that, as an Intern for House Representative Jim Cooper. Senior Vice President & Managing Director, Tax. Susan earned a B.A. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Estate and post-mortem trust administration to honor, support, and carry out your wishes. Definition of a Corporate Trustee Zandra Ribas joined the Cumberland Trust team in 2019. The Trust Advisor realizes that this is not a comprehensive list of all firms. 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. Trust Advisors - Private Trust Company: Planning, Administration & More Prior to Cumberland Trust, April worked at SunTrust Bank (now Truist) as a Trust Advisor, as well as a Closely-Held Business Asset Manager, where she managed a portfolio of privately-held assets owned in trusts or other structures where SunTrust had a fiduciary capacity. Robin McNeil joined Cumberland Trust as a Trust Specialist in 2022. Cumberland County - Tennessee. All rights reserved. Originally from New York state, Bob holds a Bachelor of Science degree in Engineering from Rochester Institute of Technology. from Indiana University Maurer School of Law and is licensed to practice law in Tennessee. She received her J.D. Alex Walker joined the Cumberland Trust administration team in in 2017. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. Jessica holds a B.S in Marketing from Indiana University and an MBA from Belmont Universitys Massey Graduate School of Business. Request Information Schedule A Visit You're ready for this. Additionally, she has experience as a sales assistant for a local stock brokerage firm where she was Series 7 and 66 licensed. Previously, Shelby held positions at a nationwide mortgage lender and with a Nashville real estate team. Danielle Croteau joined Cumberland Trust as a Trust Specialist in 2022. Debbie has 32 years of experience in the trusts and estates industry. Sara Kate is licensed to practice law in Tennessee. Advises family on tax laws and implications. in Economics from Sewanee: The University of the South in Sewanee, Tennessee. Outside of work, Bonnie enjoys volunteering at Grace Works and One Generation Away. 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. Prior to joining Cumberland Trust, Phillip worked as an intern on Capitol Hill for U.S. Avery focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Multi-Participant Trust legislation was enacted in 2013 that encourages the use of trust advisors and trust protectors to assist in the management of a trust. Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. She focuses on being responsive, attentive, and understanding to build relationships with the clients and families she serves. Her previous experience also includes work as an accountant and as a lawyer in private practice. This person has built an asset base and wants to ensure that those assets are distributed according to their wishes. However, if non-routine or extraordinary services . With Cumberland Trust serving as an unbiased, third-party executor, co-executor, trustee, or co- trustee, care and attention will be at the forefront as we work to understand the estate plan. 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. Specialized knowledge. Saving forretirementmay soon be mandatory with employers automatically enrolling new hires into plans when eligible. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. Specialized expertise combined with care and compassion for your family. As a Business Development Officer, Bob focuses on building relationships with financial advisors, attorneys, and tax professionals throughout the state of Florida. Natalicia serves as a Assistant Vice President and Special Assets Officer, working with unique, illiquid, and hard-to-value assets held in trust. Lorena Suarez joined the Cumberland Trust administration team in 2014. Douglas Kirkpatrick joined Cumberland Trust in 2009. 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 this role, Stephen collaborates with a team working with unique, illiquid, and hard-to-value assets held in trust. in Political Science and Economics from the University of Tennessee and a Paralegal Certificate from the National Institute of Paralegal Training in Atlanta. 2021 Cumberland Trust. In the community, Caitlyn sings Alto 2 for Vox Grata Womens Choir and has been a Board Member of the Tennessee Pride Chamber since 2021. But at that level, its going to be very difficult to stay in the business.. 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 As Assistant Vice President and Trust Officer, Kimberly is responsible for personal trust administration and relationship management, providing attentive service to clients and their legal, financial, and tax advisors. She enjoys volunteering with animal rescue organizations and supporting various charities to help fight against animal cruelty. He is a First Lieutenant in the U.S. Army JAG Corps, Reserve Component. Site by, New Legislation Maintains Tennessees Status as a Leading Trust-Friendly State. She also holds an MBA from Bethel University in McKenzie, Tennessee. From checking and savings products to business loans . in Business Management (Deans list & OVC Commissioners Honor Roll). On the legal team, as Vice President and Fiduciary Counsel, Caroline reviews and drafts documents relating to trust and estate accounts. 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. Caitlyn holds a B.S. Provide regular disbursements to someone who is unable to manage large sums ofmoney. realized gains on the sale of any and all trust assets. 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. He received his J.D. Outside of work, Eloise enjoys volunteering within the community and spending time with friends and family. Avery Oaks joined Cumberland Trust as a Trust Officer in 2022. Prior to joining Cumberland Trust, Runcie was the Charitable Giving Counsel for the American Cancer Society where he advised nationwide staff on legal and tax issues in the areas of planned giving, outright gifts, and other charitable giving arrangements. 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. Heather Savage is Senior Vice President and Business Development Officer based out of Cumberland Trusts Knoxville office. Either way, Christopher Holtby of Wealth Advisors Trust told me that theres always room for enthusiastic competitors. I'm Worried About How Inflation Will Affect My Retirement Savings. 30 reviews of Moyer & Sons Moving & Storage "My family has been using Moyer & Sons since my folks moved to DC a little less than thirty years ago. Once you start drilling down into the basis points, it becomes pretty clear that different firms really do different things, he added. Tennessee - Cumberland Trust Tennessee Chattanooga Main Office 633 Chestnut Street Republic Centre, Suite 1540 Chattanooga, TN 37450 P: 423.664.9747 F: 423.634.0887 Michelle Diamond Chief Development Officer & Executive Director of Regional Markets Ashley Fischer Business Development Associate Knoxville Main Office 334 Ebenezer Road Debbie holds an Executive J.D. She has also served as a trust officer in personal trust administration, administering trusts for high-net-worth individuals and families. in Finance from the Middle Tennessee State University. google hiring committee rejection rate. Lori Thoeny joined Cumberland Trust in 2008 after working more than 15 years in the brokerage industry. COVID update: Cumberland Park Apartments has updated their hours and services. 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. Katelynn Novak joined Cumberland Trust as a Trust Specialist in 2021. All rights reserved. He is a member of the American Association of Petroleum Landmen, a licensed affiliate broker with the State of Tennessee, and a member of the National Trust Real Estate Association (NTREA). She assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. Although the $20,000 minimum fee looks steep at first, it makes a lot more sense when you consider that Northern Trust isnt really interested in personal directed trust accounts with less than $5 million in assets. Kathy Roberts of Santa Fe Trust agrees. Outside of work, Brianna has enjoyed volunteering at Atlanta Ronald McDonald House where she helped provide meals to patients and families in residence. Kim Kochamba joined the Cumberland Trust Special Needs Trust Administration team in 2023 as a Trust Specialist. 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. 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 In addition to providing the unique expertise required for estate and post-mortem trust administration, we appreciate the importance of expressing compassion, understanding, and consideration toward your family members during a particularly emotional time. Posted: February 26, 2021. Posted on . Over the past several decades, many states have worked to update trust legislation. by | Jun 10, 2022 | durham university sports and societies | northstar refrigerator reviews | Jun 10, 2022 | durham university sports and societies | northstar refrigerator reviews Provide for the management of an individuals assets should he or she becomeincapacitated. Previously, Debbie led the Special Needs Trust team unit at Arden Trust Company in Phoenix, Arizona.
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