cumberland trust fee schedule

Lou Anne earned a B.A. SCAM ALERT: Phone scams requesting money have been reported. During her time at Sewanee, she was also a Sustainability Fellow. Outside of work, Stephen enjoys supporting charitable organizations that help raise funds for various non-profits, such as the USO. Sloan Shell joined Cumberland Trust in 2015. She builds client relationships by providing proactive, high quality service to clients and their legal, financial, and tax advisors. Under an agency trustee service agreement, the individual trustee, private or professional, has control over all trust administration and trust accounting. Wherever fees go, he says, there are going to be a lot more entrants in the trust service business.. from Simon Fraser University in Vancouver, British Columbia, and an M.B.A. from Western Governors University. Senior Vice President & Managing Director, Trust Administration, Vice President & Director, Personal Trust Administration, Vice President & Trust Officer, Administration Manager. Interpretation Appeal Application - Fillable. Sarah focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Senior Vice President & Managing Director, Trust Administration. June 3, 2022 . Kim Kochamba joined the Cumberland Trust Special Needs Trust Administration team in 2023 as a Trust Specialist. Prior to joining Cumberland, he also worked as a law clerk for Stites and Harbison, PLLC in Franklin, Tennessee. As Peak Trust founder Douglas Blattmachr told me, its pointless to advertise how much a generic offering would cost when the fact is that at this level, one size fits none. Laura Hawken joined Cumberland Trust in 2019. Lauren holds a bachelors in business administration and a MBA from the University of Mississippi. Mr. Presley is a licensed attorney and Certified Trust and Financial Advisor (CTFA). Meet Our Personal Trust Administration Team, Conveniently Headquartered in Trust-Friendly Tennessee. Additionally, she is a member and past board member of Le Bonheur Club and is active with the Down Syndrome Association of Memphis and the Mid-South and SRVS Kids & Families. really really smart guy in Math). Plan, preserve, and protect your legacy for generationstocome. 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. Additionally, he is on the Board of Directors of the Center for Living and Learning and on the Advisory Board for Men of Valor. These corporate trustees can charge an annual fee of 0.5% to 2% of the trust's assets, in addition to requiring a minimum. degree in Sociology and minor in Psychology from the University of Southern Illinois-Edwardsville. 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. Andrea Higgins joined Cumberland Trust as a Trust Officer in 2022. A Certified Trust and Fiduciary Advisor (CTFA), Lisa holds a Bachelor of Arts and Science degree in interdisciplinary studies from the University of Missouri. Rene Frederiksen joined Cumberland Trust 2015. Over the past several decades, many states have worked to update trust legislation. 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. Preservation fee is $1.00 per page for pages 1-9, $2.00 per page for pages 10-19, $3.00 per page for pages 20-29, $4 per page for pages 30-34. Riley holds a B.S. Outside of work, Brianna has enjoyed volunteering at Atlanta Ronald McDonald House where she helped provide meals to patients and families in residence. 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. Lorena specializes in building relationships with her clients through regular communication, care, and understanding. All rights reserved. Robin studied Business Administration at Draughons Junior College of Business in Paducah, KY. Helina Mekuria joined Cumberland Trust in 2018. 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 the Indiana University Robert H. McKinney School of Law in Indianapolis, Indiana. Rachel holds a B.A. in Accounting. Heather holds bachelors degrees in Psychology and Religion from Lambuth University. Jared received a B.S. Trust Fee Schedule. Prior to joining Cumberland Trust, Gina spent nine years with Merrill Lynch Insurance Group focusing on estate planning through life insurance. Additionally, she has worked with Life Crisis Services and the Incarnate Word Hospital. Lori Thoeny joined Cumberland Trust in 2008 after working more than 15 years in the brokerage industry. Advises family on tax laws and implications. Douglas Stratton joined Cumberland Trust as a Trust Officer in 2022. She enjoys cultivating relationships with her clients while creating and maintaining a plan for their trust that prudently meets their needs and ultimate goals. Previously, he worked as a conflict analyst with Pillsbury Winthrop Shaw Pittman. Whatever happens, says Kathy Roberts, the CEO of Santa Fe Trust, small accounts shouldnt be loss leaders. in Business/Management from the University of Phoenix. The trustee services offered by an individual trustee mirror those offered by a corporate trustee. Lauren holds a bachelors degree in Business Administration with a concentration in Marketing from the University of Tennessee at Martin. Most of the people I talked to say the cost of running a trust has already gone about as low as it can go. Heather Savage is Senior Vice President and Business Development Officer based out of Cumberland Trusts Knoxville office. Additionally, she mentors trust officers and their teams, building connections between Cumberland Trusts relationship managers, external advisors, and clients. in Business Administration from Middle Tennessee State University. Asha holds a B.S. The Grantor is the creator of the trust. legislation was enacted in 2013 that encourages the use of trust advisors and trust protectors to assist in the management of a trust. She received her J.D. Specialized expertise combined with care and compassion for your family. Yes, we have a team dedicated to the administration of Special Needs Trusts. , passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. in Political Science from Colgate University. Its never as simple as just lining up the fees, says Mike Flinn, a Phoenix-based trust consultant. Others on our list (Advisory Trust, Reliance, Saturna, New Hampshire Trust) justify their minimums at lower levels. Prior to joining Cumberland Trust, Katelynn worked for several years in Operations within the financial industry. Ashley Fischer joined Cumberland Trust as a Business Development Associate in 2021. Brianna McCray joined Cumberland Trust as a Trust Specialist in 2021. Judy serves as Vice President and Trust Officer on the estate administration team. from the Cumberland School of Law at Samford University in Birmingham, Alabama. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. in Political Science from the University of Tennessee, Knoxville and was awarded a J.D. Our mission is to preserve the natural resources of Cumberland for present and future generations by preserving land for open space. She also studied abroad at the University of Aberdeen in Scotland. In this role, Ryan works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Home - Cumberland Trust We are a family-focused independent trust company. He is a First Lieutenant in the U.S. Army JAG Corps, Reserve Component. Ryan earned a Bachelor of Business Administration degree (B.B.A.) Please contact the Admissions Office at 615-547-1246 locally or 800-467-0562 to speak with your Enrollment Specialist or email admissions@cumberland.edu. Caroline is a regular speaker for industry events nationwide and has been a guest of the Wealth Matters radio show. She received her J.D. in Business Administration and Economics from Rhodes College in Memphis and an M.B.A. in Finance and Marketing from Indiana University. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. Previously, Chris served as Senior Vice President, Managing Director, and Head of Administration. In these roles, Robin helped families find solutions to support their loved ones diagnosed with dementia and Alzheimers disease. She is a Certified Trust and Fiduciary Advisor (CTFA) and has completed Cannons Trust School program. from the Nashville School of Law. In this role, Hannah administers personal trust accounts. from Western Kentucky University in Bowling Green, Kentucky. In this role, Matt works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Our relationship managers provide a high level of communication and responsiveness for the clients we serve. 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. Vice President & Manager, Business Development Associate. in Accounting from Manhattanville College in New York. 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. Elly Hutchings joined the Cumberland Trust team in 2015. Outside of work, Katelynn enjoys volunteering at local animal shelters. Provide for the management of assets while a person is still living and govern how assets will be distributed upondeath. Rates effective: June 28, 2013. Senior Vice President & Managing Director, Business Development. Lorena Suarez joined the Cumberland Trust administration team in 2014. Our team is experienced in handling specialized trusts, illiquid assets, and navigating complex family dynamics with diplomacy and respect. Corporate Secretary, Senior Vice President & Managing Director, Compliance and Audit. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Her background also includes experience in federal and state contract management, and insurance defense litigation. Previously, Stephen served as Fiduciary Counsel and Special Assets Officerreviewing and preparing documents and working with unique, illiquid, and hard-to-value assets held in trust. Elsie Bennett joined the Cumberland Trust team in 2015. , passed in 2004, provides a comprehensive set of laws that allow a trust to be administered very efficiently and effectively. Prior to joining Cumberland Trust, Chase worked at Bellhops in Chattanooga as a Business Analyst. 40 Burton Hills Boulevard Suite 300, Nashville, TN 37215-6292. She focuses on topics related to family governance structures, succession planning, and working with a corporate trustee. Zandra Ribas joined the Cumberland Trust team in 2019. 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. 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. We will be expanding coverage; please also include any other services offered such as investment management, special purpose trusts, HSAs, etc. What is a Directed Trustee? She serves as a Business Development Associate overseeing the onboarding of new business opportunities. 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. Rebecca holds a B.A. Previously, he served as Vice President of business development for a regional trust company in western New York. Menu viscount royal caravan. He holds a B.B.A. Definition of a Corporate Trustee Additionally, she serves as a member of the St. Louis Estate Planning Council. She focuses on providing premier and attentive service to our clients and families with special needs. 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. 1 Courthouse Square Carlisle, PA 17013. 2021 Cumberland Trust. from the University of Kentucky College of Law in Lexington, Kentucky. In her role as Trust Officer, Amanda works with individuals and families, providing service and attention to the day-to-day needs of personal trust clients. Amanda received a B.A. Rene has worked for more than 20 years in the financial services industry and for the past 15 years specifically with trusts focusing on endowments, foundations, and personal trusts. Previously, Helina worked in the banking industry, with experience in data analysis and documenting accounts. Phillip assists in the administration of post-mortem estates and works with clients and beneficiaries to understand the steps of the estate process. Many matters that used to require a court to resolve may now be resolved by agreement among the beneficiaries. 2021 Cumberland Trust. Prior to joining Cumberland Trust, Heather worked as Vice President and Trust Officer in the Knoxville area for GreenBank, serving as a relationship manager for trusts, agencies, IRAs, endowments and other institutional accounts throughout East Tennessee and Southern Kentucky. A Last Will and Testament is perhaps the primary document that comes to mind when most people think of estate planning. How Can They Provide Better Service to Families? Emily Dye joined Cumberland Trust in 2019. Danielle Croteau joined Cumberland Trust as a Trust Specialist in 2022. Stephen Crofford joined Cumberland Trust in 2016. She also manages a growing team of Special Assets Administration professionals providing specialized administration of these complex trust assets. She develops and implements marketing initiatives for Cumberland Trusts ten offices. 7A-307(a)(2a). from Quinnipiac University School of Law in Hamden, Connecticut. She received her J.D. 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. Sara Kate Nash joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Saving forretirementmay soon be mandatory with employers automatically enrolling new hires into plans when eligible. Ourso College of Business. "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. The Tennessee Community Property Trust Act. We typically apply the Total Rate of Return concept so that both current and future beneficiaries interests are considered. Site by Circa Creative Studios, Specialized Knowledge and Focused Administration. Find Cumberland Commercial Lease Amendment lawyers in Rhode Island to hire. Senior Vice President & Business Development Officer. With it, you can use a trust company with trustee fees on your terms. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. An Atlanta native, Susan is involved in the community as an active member of the Junior League of Atlanta. Personal Trust Administration in Political Science and Economics from the University of Tennessee and a Paralegal Certificate from the National Institute of Paralegal Training in Atlanta. He received his J.D. Rachel is licensed to practice law in Tennessee. She currently volunteers with CASA, which advocates for children who are in the foster care system seeking permanent homes. Just another site. 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. His focus is on ensuring clients receive the supplemental care and support they need in a timely, professional, and friendly manner. Prior to joining Cumberland Trust, she worked as a Branch Manager with SunTrust Bank in Nashville, TN. Prior to joining Cumberland Trust, Sharon spent 16 years as an estate tax attorney with the Internal Revenue Service, where she examined federal estate and gift tax returns and ensured compliance with tax law. in Business Administration from the University of Tennessee, Knoxville and was awarded a J.D. 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. In this role, Beth works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. There is a 2.25% convenience fee with a minimum fee of $2.50 per transaction to the filer Additionally, she is on the board of the Juvenile Diabetes Research Foundation. 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. 21061 and act no. Military discharge certified copy as authorized. Greg Sauers joined Cumberland Trust as a Trust Administrator in 2020. Lori is also a graduate of Belmont Universitys Center for Executive Education in Financial Planning and has obtained CFP certification. Just as each life and family is unique, so is each estate left behind. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Industry Financial Services Revenue $2.0M Employees 121 Founded in 2001 Headquarters Nashville, TN Website cumberlandtrust.com Organization Type Private Is This Your Company? Katrina holds a B.S.B.A (magna cum laude) in Marketing with a minor in Hospitality from the University of Central Florida. Tenisha Clausi joined the Cumberland Trust team in 2013. On the legal team, as Vice President and Fiduciary Counsel, Caroline reviews and drafts documents relating to trust and estate accounts. 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. Alex focuses on providing careful and attentive trust administration, specializing in distinctive care services. Outside of work, Ryan enjoys volunteering at the St. Philip Legal Clinic in Franklin, TN. 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). Mary Elizabeth holds a Bachelor of Business Administration (BBA) degree in Finance and a secondary degree in Music Business from Belmont University in Nashville. Vice President & Director, Personal Trust Administration. LOCATIONS NEAR ME Resources and Insights Alex serves as Assistant Vice President and Trust Officer in the personal trust administration division. She has also taught Money Matters classes at the Boys & Girls Club of Lansing in Lansing, Michigan. Previously, Carla worked in Cumberland Trusts personal trust administration and tax divisions. It also reduces capital gains tax implications after the death of one spouse. Each relationship manager is part of a team, so there will always be someone available who is familiar with the account. in Spanish from Southern Methodist University in Dallas, Texas. Previously, she served for ten years as a paralegal and raised her three, now grown, children. Leslie Malkiewicz joined the Cumberland Trust team in 2014. in Music Business from Belmont University. She has extensive knowledge in the preparation and review of legal correspondence and compliance documents. Prior to joining Cumberland Trust, Lauren worked as a Brokerage Client Specialist with Wells Fargo Advisors. degree in Accounting from Asbury University in Wilmore, Kentucky. 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. She oversees the Special Needs Trust Administration department and manages a growing team of trust officers, administrators, and specialists focused on providing excellent client service. Previously, he served as Regional Sales Manager at Scottrade/TD Ameritrade. Plan, preserve, and protect your legacy for generationstocome. Natalicia holds a degree in Finance with a minor in Accounting from Western Michigan University in Kalamazoo, Michigan. Mr. Presley holds a B.A. Wendy Maynard joined the Cumberland Trust Asset Transfer team in 2021 as an Asset Transfer Specialist. Clerk's fee 301 & 145 Technology trust fund fee, 106 transfer fee, 212 58.1-3314 (2) Grantee tax, 039 58.1-806 Virginia outdoors Foundation-035: Quit Claim Deed $27.00 or Based on Consideration. No. Advisors and estate plannersmay reproduce this survey uponrequest. Zandra studied International Development at Sewanee: The University of the South in Sewanee, Tennessee and Economics at Roanoke College in Salem, Virginia. Please consult the institution directly to confirm costs. Thats really the minimum anyone can comfortably charge. Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. Laura holds a Bachelor of Social Work from the University of Mississippi and a Master of Social Work from St. Louis University. Here she provided comprehensive investment management and trust services, while representing individuals and families in Texas and Louisiana. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. She enjoys volunteering with animal rescue organizations and supporting various charities to help fight against animal cruelty. 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. Outside of work, Matt has enjoyed coaching youth golf and basketball, and is an avid Indianapolis Colts and Cincinnati Reds fan. from the University of Florida School of Law. in Corporate Management and Marketing from Lipscomb University. Millie Adams joined Cumberland Trust as a Trust Officer in 2022. COVID update: Cumberland Park Apartments has updated their hours and services. He also leads training initiatives to support Cumberland Trusts growing administration team as they serve clients. Fees and Fines. The trustee is responsible for managing and administering the trust and strictly adhering to the terms of the trust as well as applicable state law in performing its duties. She received a J.D. In this role, Riley works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. Plan, preserve, and protect your legacy for generationstocome. 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. Once a Northern Trust account grows beyond $30 million, the company will only charge 5 basis points: $500 a year per $1 million.). Debbie Schultz is Vice President and Director of Special Needs Trust Administration at Cumberland Trust. Previously, Greg worked in human resources and in youth sports. Papers for birth certificate in another county one year or more after birth. in Economics from Smith College in Northampton, Massachusetts. Previously, Millie worked in the interior design industry where she specialized in developing interior design solutions and delivering superior client service. 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. Emily holds a B.S. His experience also includes positions as Hockey Operations Associate and Assistant Youth Hockey Instructor for the New York Rangers. Bonnie holds B.S. Alex is licensed to practice law in Tennessee. in International Studies, with honors, from Miami University in Oxford, Ohio. The beneficiaries of the trust must be clearly identified or ascertainable. Katrina Martin joined the Cumberland Trust team in 2020. For questions or to schedule an appointment, please call 717-240-6345 or email regofwills@cumberlandcountypa.gov. Dudleys experience includes working as Senior Vice President at First American National Bank. Previously, she worked for seven years as a Registered Sales Assistant with a financial advisory firm. Bob and his wife Jodi have two adult sons, and they live in the Fort Myers, Florida area. Zandra serves as a Senior Business Development Associate. 2021 Cumberland Trust. Robert holds a B.S. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. in Political Science from the University of Tennessee at Chattanooga and a J.D. Sharon is a registered CPA in Arkansas and is licensed to practice law in both Arkansas and Tennessee. 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.

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