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. , 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. cumberland trust fee schedule. Sarah holds a bachelors degree in Finance from Washington State University. 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. Is a Revocable, Living Trust Right for You? Meg is licensed to practice law in Tennessee. Shelly served on the Executive Committee of the Georgia Bar Association Fiduciary Law Section and was a past chair of the Atlanta Bar Estate Planning and Probate Section. Adriana Sosa joined the Cumberland Trust Asset Transfer team in 2021 as an Asset Transfer Specialist. But at that level, its going to be very difficult to stay in the business.. Chris has many years of experience in relationship management and trust account administration and has specialized in serving high net worth individuals and families. 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. As Assistant Vice President and Trust Officer in the personal trust division, she is focused on providing a high level of responsiveness and attention to her clients. from the University of Tennessee College of Law. Even though a 1% or 2% annual fee doesn't seem like much, tax-free municipal bonds yield less than 5%, so a management fee can easily gobble up 20% of the return. 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. He is a First Lieutenant in the U.S. Army JAG Corps, Reserve Component. cumberland trust fee schedule. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Under an agency trustee service agreement, the individual trustee, private or professional, has control over all trust administration and trust accounting. in Education with Majors in Kinesiology and Criminology from The University of Tennessee, Knoxville. Register of Wills The primary function of the Register is to determine whether documents offered for probate should be admitted to the official record. She received her J.D. in Spanish from Southern Methodist University in Dallas, Texas. Decanting is a process whereby assets from an irrevocable trust are moved to a new irrevocable trust with updated provisions. from Southwestern Law School in Los Angeles. Prior to joining Cumberland Trust, she served as the founding Director of Operations for a Middle Tennessee anti-human trafficking nonprofit organization. Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. Previously, Chris served as Senior Vice President, Managing Director, and Head of Administration. in Political Science from Colgate University. Saving forretirementmay soon be mandatory with employers automatically enrolling new hires into plans when eligible. Owen holds a bachelors degree in Economics from The University of the South in Sewanee, Tennessee. Sarah Leighton joined the Cumberland Trust Personal Trust Administration team in 2022 as a Trust Specialist. Additionally, he manages a growing team of personal trust officers, administrators, and specialists. In this role, Judy administers estates and administrative trusts, guiding families and individuals during times of loss and transition. Runcie is a graduate of Baylor University with a B.B.A. Bonnies previous experience also includes roles at JP Morgan Chase and Deutsche Bank. April holds a B.S. She has also worked with the Cardinal Basketball Officials Association officiating high school basketball. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. 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. Outside of work, Ryan enjoys volunteering at the St. Philip Legal Clinic in Franklin, TN. All rights reserved. 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. Provide a measure of protection when beneficiaries may lack the maturity or expertise to manage their ownaffairs. 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. Outside of work, Bonnie enjoys volunteering at Grace Works and One Generation Away. Assistant Vice President & Account Transfer Manager. Jennie holds a B.S. Use This Bucket Approach From Morningstar, IRS Offers New Rules on Deadline for Using Retirement Forfeitures, Billionaire Investor Bill Gross Rips Absurd CNBC Over Cathie Wood, Automatic 401(k) Enrollment Could Be Coming Soon, House Votes to Overturn Rule Allowing ESG Investing in Retirement Plans, Markets Are Trying to Figure Out What to Anchor to, Strategist Says, Why European Stocks are Currently Outperforming US Stocks, Bond King Jeffrey Gundlach Prepares for Recession 2023. Riley Randolph joined Cumberland Trust as a Compliance and Asset Transfer Specialist in 2021. in Sociology from Middle Tennessee State University (cum laude) with minors in Global Studies and Business Administration. Emily Dye joined Cumberland Trust in 2019. Jessica serves on the board of The Womens Fund, an endowment fund within The Community Foundation of Middle Tennessee. Debbie Schultz is Vice President and Director of Special Needs Trust Administration at Cumberland Trust. Based in Nashville, TN, Cumberland Trust is a small finance company with only 121 employees and an annual revenue of $2.0M. From checking and savings products to business loans . in Communications and English from Hope College in Holland, Michigan. Harriet White joined the Cumberland Trust team in 2012. This fee is not to be assessed on assets for which the gross-value fee was 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. In this role, Ashley provides direct support to the business development team, assisting with ongoing development and onboarding of new and prospective Cumberland Trust clients and their advisors. Sara Kate holds a B.A in Journalism and English with a minor in French from Indiana University Bloomington. Whatever happens, says Kathy Roberts, the CEO of Santa Fe Trust, small accounts shouldnt be loss leaders. Earlier in his career, he served as Assistant Vice President and Trust Officer and as an Operations Supervisor at Independence Trust Company. Douglas earned a B.S. 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. Prior to joining Cumberland Trust, Jeiman served as Treasury Management Officer for Capital Bank. 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. Once you start drilling down into the basis points, it becomes pretty clear that different firms really do different things, he added. 19 reviews of Cumberland Park Apartments "I lived in Cumberland Park for approximately 7 months during an internship. Over the past several decades, many states have worked to update trust legislation. Depending on your needs, establishing a revocable living trust is another option your attorney might recommend as part of your estate plan. As Vice President and Trust Officer, Sara manages personal trust relationships. Previously, she served as Vice President, Trust Advisor at SunTrust Investment Co. handling Trust Administration for their private wealth management department. Fee Schedule Search SearchMenu Departments A - C Animal Services Board of Commissioners Board of Elections Budget Division Child Support Community Development Community Transportation Program Cooperative Extension County Attorney County Administration Crown Complex D - I Emergency Services Employee Wellness Engineering Financial Services 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. Definition of a Corporate Trustee 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. 36-2000 (42 pa.c.s.a. in Financial Management & Financial Planning from Western Kentucky University (Summa Cum Laude). The Tennessee Community Property Act of 2010 can benefit families nationwide. 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. Robin McNeil joined Cumberland Trust as a Trust Specialist in 2022. Lindsay Phillips joined Cumberland Trust as a Trust Specialist in 2022. in Psychology and Sociology from Western Kentucky University. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. All rights reserved. Prior to joining Cumberland Trust, Meredith worked for over five years with Nike, Inc. in their Tennessee offices. Prior to joining Cumberland Trust, he worked as the Amateur Hockey and Fan Development Coordinator for the Nashville Predators. 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.
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