Emily holds a B.S. Harriet received a B.S. Menu viscount royal caravan. 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. Beth holds a bachelors degree in Mass Communications with minors in Political Science and English from Middle Tennessee State University. In this role, Matt works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Nathan Hyde joined the Cumberland Trust team in 2002 and serves as Senior Vice President and Director, Business Continuity and Information Security. Rene received her B.A. Our relationship managers provide a high level of communication and responsiveness for the clients we serve. All rights reserved. Meredith Harville joined Cumberland Trust as a Trust Administrator in 2021. 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. During her time at U.S. Trust, she assisted families with multi-generational financial planning, credit needs and overall wealth management services. Jennie focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Prior to joining Cumberland Trust, she worked as a leader of the Activities Department at Abes Garden Alzheimers and Memory Care Center. 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. in Communication from Salem College in Winston-Salem, North Carolina. Prior to joining Cumberland Trust, she worked for Larson Juhl as a customer service team leader. Carla Hale joined Cumberland Trust in 2009. No cost to post a project to get multiple bids in hours to compare before hiring. Fees for managing smaller trusts aren't calculated by percentage because it could eat up a lot of the trust funds. Plan, preserve, and protect your legacy for generationstocome. She earned a Master of Management degree from the Kellogg Graduate School of Management at Northwestern University. Chris has many years of experience in relationship management and trust account administration and has specialized in serving high net worth individuals and families. Source: Websites and telephone interviews. Fee Schedule - Effective July 2021. She joined the Cumberland Trust team in 2001, at the firms founding. Our Cumberland Trust Family is Here to Take Care of Yours Trusted relationships are at the heart of what we do. from Northwestern University School of Law. clerk of court's fee bill adopted pursuant to 42 pa.c.s.a. In this role, she works closely with clients and their families, along with their legal, financial, and tax professional advisors. As Assistant Vice President and Compliance Officer, Harriet ensures that accounts are opened or closed and documented accurately. 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. Stephen holds a bachelors degree in Managerial Economics with a concentration in Business Economics from the University of California, Davis. Sarah focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. in Advertising and Public Relations from the University of Arkansas. As Vice President, Trust Officer, and Administration Manager, Dudley is responsible for relationship management and account administration, with a focus on high-net-worth families and their needs. 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. 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. One of our co-founders is a former insurance actuary (e.g. Building Connected Insurance Offerings Starts With Customer-Focused Innovation, Model Portfolio & SMA Strategists Selection Guide, The 2022 TAMP GROWTH SUMMIT | RECEIVE 1.5 HRS CE CREDIT, 2022 America's Most Advisor Friendly Trust Companies, America's Best Trust Technology Buyers Guide 2021-2022. $10.00. cumberland trust fee schedule. in Art History with a minor in French from Sewanee: The University of the South in Sewanee, Tennessee. Prior to joining Cumberland Trust, Elly served as Deputy Finance Director for a Nashville mayoral campaign and prior to that as a director of a prison re-entry program in Texas. Mary Elizabeth Carothers joined Cumberland Trust in 2021. Once you start drilling down into the basis points, it becomes pretty clear that different firms really do different things, he added. Fees charged by outside investment managers are separate and apart from the fees payable under this schedule. Jodi works in support of our Middle Tennessee market region, and specializes in providing responsive support to new clients and their financial, legal, and tax professional advisors. He is licensed to practice law in Tennessee. Laura Hawken joined Cumberland Trust in 2019. Outside of work, Eloise enjoys volunteering within the community and spending time with friends and family. , 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. Through collaboration with our Trust and Estate Administration team members, she provides a high level of expertise to her clients. Millie Adams joined Cumberland Trust as a Trust Officer in 2022. 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. Owen holds a bachelors degree in Economics from The University of the South in Sewanee, Tennessee. Outside of work, Matt has enjoyed coaching youth golf and basketball, and is an avid Indianapolis Colts and Cincinnati Reds fan. and was a founding member of the organizations Family Council. in Communication with a focus in Public Relations from Florida State University. The grantor also specifies the purpose of the trust: if the trust may be altered (and by whom), powers given to the trustee, and when disbursements are to be made. 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. Prior to joining Cumberland Trust, Lauren worked as a Brokerage Client Specialist with Wells Fargo Advisors. Phillip holds a Bachelors degree in Business Administration with a concentration in Business Management from the University of Mississippi. Join a community who will help you rise and reach your greatest potential. His experience also includes positions as Hockey Operations Associate and Assistant Youth Hockey Instructor for the New York Rangers. Elizabeth is licensed to practice law in Tennessee and Kentucky. Shelly Donaldson serves as the Vice President and Business Development Officer based in Cumberland Trusts Atlanta office. 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. The grantor retains rights over the trust and may change or revoke the trust at any time. In this role, Robert works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Homeless Trust Fund Fee $5.00 Assignment of Tax Sale Certificate First page $40.00 Each additional page $10.00 Homeless Trust Fund Fee $5.00 Bill of Sale First page $30.00 Each additional page $10.00 Homeless Trust Fund Fee $5.00 Cancellation of Mortgage Each recording $20.00 Homeless Trust Fund Fee $5.00 Certificate of Incorporation Tennessee is one of only three states that allow community property trusts. She has also served as a trust officer in personal trust administration, administering trusts for high-net-worth individuals and families. Since the company's founding in 2001, it has grown to more than 120 employees, serving. Before joining the Cumberland Trust team, Jared worked as an associate attorney at Hagan Law Group, PLLC in the practice areas of business law, property law, and estate planning. The Playhouse celebrates its 50th . Beth Lee joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. Previously, he focused on the administration of life insurance trusts. We are compassionate and diplomatic when dealing with complex family relationships. Learn more to protect yourself and avoid falling victim. Bonnie holds B.S. She received her J.D. 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. Caroline also serves as the business development liaison, representing Cumberland externally and working closely with the Business Development team in evaluating new business opportunities. 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. She received a professional certification in software programming from The University of Texas at Austin. Specialized expertise combined with care and compassion for your family. Sara Kate is licensed to practice law in Tennessee. With 15 years of experience in the financial and banking industry, Jeiman brings a high level of expertise to her clients. Ryan earned a Bachelor of Business Administration degree (B.B.A.) We believe our relationship managers should be fully focused on their current clients. It really does depend on what the client wants us to provide, he says. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. in Communication Studies with an emphasis in Public Communications from Marshall University in Huntington, West Virginia. BBB File Opened: 2/19/2004. Susan Smith joined the Cumberland Trust team in Atlanta in 2017 to help service the ever-growing Georgia market. Sara Speidel joined the administration team at Cumberland Trust in 2007. Typically, the grantor is named as the primary beneficiary during his or her lifetime and may also act as his or her own trustee. Since 1750, the Recorder of Deeds has maintained a permanent public record of deeds and documents related to the development, transfer, and encumbrance of real estate in Cumberland County. The grantor has ultimate control in setting up the trust: which assets will be transferred into trust, who will serve as trustee while he or she is living and after his or her death, and how the trust property will be administered during or after his or her lifetime. Caroline Mitchell joined Cumberland Trust in 2019. In this role, Judy administers estates and administrative trusts, guiding families and individuals during times of loss and transition. It also reduces capital gains tax implications after the death of one spouse. Personal Trust Administration Yes, we have a team that focuses on the administration of illiquid assets held in trust. She assists in the onboarding of new Cumberland Trust clients and their advisors, providing attentive support during times of change. Site by Circa Creative Studios. from Western Kentucky University in Bowling Green, Kentucky. She is a graduate of Cannon Financial Institutes Trust School and has been awarded the Certified Trust and Financial Advisor (CTFA) designation. Other high-end trust companies argue that at this level, its pointless to advertise your fees because high-net-worth clients and their advisors are happy to pay for the service. Rebeccas previous experience includes working as a Management Consultant for Ernst & Young, a Financial Analyst, and then Managing Director of Investor Relations and Corporate Contributions for FedEx. Katrina focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. She builds client relationships by providing proactive, high quality 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. Eloise holds a bachelors degree in International Global Studies with a minor in French from Sewanee: The University of the South. . 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. Prior to joining Cumberland Trust, Brianna worked as a Business Assistant at a dental practice. 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. Many matters that used to require a court to resolve may now be resolved by agreement among the beneficiaries. From checking and savings products to business loans . 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. As Cumberland Trust grew, Michelle developed the blueprint for expansion into regional markets and she worked to open our nine regional offices. She enjoys welcoming clients and guests, making them feel comfortable and at ease. Sara Kate holds a B.A in Journalism and English with a minor in French from Indiana University Bloomington. C. Runcie Clements, IV joined Cumberland Trust and Investment Company in 2002 and serves as Chief Legal Officer and General Counsel. SCAM ALERT: Phone scams requesting money have been reported. 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. Tenisha specializes in providing attentive and professional service to her clients. Laura specializes in administration with distinctive care services, an extra level of support for clients. Runcie is a licensed attorney and CPA. She holds a B.B.A. Our premier services support families when they need it most, providing guidance, education, peace of mind, respect, and understanding. Previously, she worked as a Trust Officer for Regions Bank in Knoxville and in Cincinnati, Ohio at Provident Bank in tax and trust accounting. Zandra Ribas joined the Cumberland Trust team in 2019. Prior, Beth served as Vice President and In-House Counsel for a nationwide franchise. 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. Stephen received a B.S. Scott Martin, contributing editor, The Trust Advisor. 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. 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. Heather develops relationships with individuals, families, and their professional advisors in North Carolina, South Carolina, and East Tennessee. Additionally, she mentors trust officers and their teams, building connections between Cumberland Trusts relationship managers, external advisors, and clients. This person, group of people, or institution benefits from the trust, eventually receiving some or all of the property placed in the trust. Vice President & Director, Special Needs Trust Administration. Adriana Sosa joined the Cumberland Trust Asset Transfer team in 2021 as an Asset Transfer Specialist. Kathy Roberts of Santa Fe Trust agrees. Prior to joining Cumberland, he also worked as a law clerk for Stites and Harbison, PLLC in Franklin, Tennessee. Bonnie Parrish joined Cumberland Trust in 2017. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Hitting the sweet spot is part art, part science, he explains. Caroline holds a B.A. Overview. Caitlyn serves as a Trust Officer, focusing on the day-to-day administration of Special Needs Trust (SNT) relationships. Nathan is a Certified Securities Operations Professional (CSOP), a designation awarded by Cannon Financial Institute. Whether you're just getting started or expanding to serve more customers in our Tennessee communities, we'll make sure you've got the banking support required for success. Prior to joining Cumberland Trust, Emily worked at a holistic wellness center working with client families. We're here to help guide you through this process and discuss your future at Cumberland University. 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. TRUST MANAGEMENT FEE MARKET VALUE OF ASSETS ANNUAL FEE First $1 Million 1.20% Next $4 Million .95% Next $5 Million .65% . Danielle Croteau joined Cumberland Trust as a Trust Specialist in 2022. Senior Vice President & Managing Director, Trust Administration. Lauren holds a bachelors in business administration and a MBA from the University of Mississippi.