How Can They Provide Better Service to Families? Additional fees may apply for special services. Site by. Permits, Applications & Fees | 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 Administration DURING THIS TIME, the county clerk's OFFICE HAS BEEN RELOCATED TO 1760 S MAIN ST (old progressive savings bank) and they are Open 8 am - 5 pm, mon - fri. Since the company's founding in 2001, it has grown to more than 120 employees, serving. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. Vice President & Director, Estate Administration. The trustee must be legally competent to accept the trust property he or she is to manage. 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. The grantor retains rights over the trust and may change or revoke the trust at any time. 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. Previously, Ashley worked for Newt Gingrichs 2012 presidential campaign. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. 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. Ms. Kirkpatrick is a sustaining member of the Junior League of Nashville, former president of the Harding Academy Parent Association, and has served on the board for Nashville Childrens Theater. Heather received a B.A. Prior to joining Cumberland Trust, he worked as the Amateur Hockey and Fan Development Coordinator for the Nashville Predators. It's time to rise at Cumberland University We believe your college experience should be intensely personal, intellectually challenging, and full of meaningful moments. Vice President & Director, Legal, Senior Fiduciary Counsel. Douglas Stratton joined Cumberland Trust as a Trust Officer in 2022. Prior to joining Cumberland Trust, Millie served as an Associate Wealth Advisor at Truxton Trust, providing sophisticated and personalized wealth management services. Outside of work, he is an avid sports fan and enjoys reading, hiking, exercising, and spending time with friends and family. Elly Hutchings joined the Cumberland Trust team in 2015. Douglas earned a B.S. Sara received a B.A. In this role, Zandra provides direct support to the business development team. Companies like Wealth Advisors Trust, Advisory Trust and Santa Fe Trust, cater exclusively to investment advisors looking for a place to refer their clients who need to open a trust. Outside of work, he enjoys volunteering with the North American Versatile Hunting Dog Association (NAVHDA). Others decide what your client will pay when the business is placed on the table. Dudleys experience includes working as Senior Vice President at First American National Bank. 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. Shelby holds a B.S. She joined the Cumberland Trust team in 2001, at the firms founding. Overview. 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. 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. Emily Dye joined Cumberland Trust in 2019. David Shetler joined the Cumberland Trust team in 2020. really really smart guy in Math). Previously, Elly served as a trust officer in Cumberland Trusts Nashville headquarters, administering trust relationships and providing direct client support. She received her J.D. from the University of Arkansas School of Law and holds her LL.M. Vice President & Trust Officer, Administration Manager. Prior to joining Cumberland Trust, Wendy worked for 28 years as a licensed insurance agent for Buschbach Insurance Agency in Illinois. Elizabeth Kaegi joined the Cumberland Trust legal team in 2021 and serves as Fiduciary Counsel. 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. degree in Sociology and minor in Psychology from the University of Southern Illinois-Edwardsville. Advises family on tax laws and implications. Andrea Higgins joined Cumberland Trust as a Trust Officer in 2022. Rebecca Halvorson joined Cumberland Trust in 2010. It also reduces capital gains tax implications after the death of one spouse. 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 Douglas holds a B.A. Lindsay has a wealth of experience in customer service and provider relations in the healthcare field as well as teaching and communications. 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. As Assistant Vice President and Compliance Officer, Harriet ensures that accounts are opened or closed and documented accurately. Other important documents to consider when drafting a will include power of attorney(s). Additionally, she manages the growing legal team. Provide a measure of protection when beneficiaries may lack the maturity or expertise to manage their ownaffairs. Mike Flinn from Advisory Trust and Douglas Blattmachr of Peak Trust agree that the cost of fiduciary compliance and routine service probably isnt going any lower than around $3,000 per trust any time soon, especially given the current trend toward higher regulation. Greg Sauers joined Cumberland Trust as a Trust Administrator in 2020. Learn more to protect yourself and avoid falling victim. in Finance from the Middle Tennessee State University. All rights reserved. As Senior Vice President and Managing Director of Trust Administration, Caroline is responsible for relationship management and account administration, with a focus on high-net-worth families and their needs. Additionally, she has experience as a sales assistant for a local stock brokerage firm where she was Series 7 and 66 licensed. She retired her real estate license after serving the Franklin, Tennessee community for twelve years. Prior, Beth served as Vice President and In-House Counsel for a nationwide franchise. . Senior Vice President, Special Counsel & Chief Regulatory Compliance Officer. Previously, Zandra worked in retail management. We're here to help guide you through this process and discuss your future at Cumberland University. While attending college, she served as a member of the executive student government and assisted University Admissions in the recruitment of prospective students. 2022 Orphans' Court Calendar (pdf) 2022 Full Court Calendar (pdf) Rules. Additionally, she is a member of the Estate Planning Council of Middle Tennessee. Prior to joining Cumberland Trust, Phillip worked as an intern on Capitol Hill for U.S. 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 Heather Logan joined Cumberland Trust in 2022 as Vice President, Director of Human Resources. from Baylor University in Waco, Texas. in Business Administration from Belmont University (magna cum laude). As Vice President, Trust Officer, and Manager in personal trust administration, she is responsible for working with high-net-worth individuals and families on trust account management and administration. Growth Permit Application - Fillable. At Cumberland Trust, we work in collaboration with a familys chosen team of professional advisors. Either way, Christopher Holtby of Wealth Advisors Trust told me that theres always room for enthusiastic competitors. Caitlyn serves as a Trust Officer, focusing on the day-to-day administration of Special Needs Trust (SNT) relationships. and Bachelor of Civil Law from the Louisiana State University Paul M. Hebert Law Center. from Vanderbilt School of Law and holds a Masters in Taxation (LL.M.) The resulting team of experts then works together to provide the beneficiary with care and expertise, ensuring optimal management and administration of the trustorestate. and Morris, Manning & Martin, LLP. She focuses on delivering responsive and personalized trust administration services. Prior to joining Cumberland Trust, Jeiman served as Treasury Management Officer for Capital Bank. Conveniently Headquartered in Trust-Friendly Tennessee. Alex serves as Assistant Vice President and Trust Officer in the personal trust administration division. Evelyn Leonard joined the Cumberland Trust team in 2016 and works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. She serves as Corporate Events and Strategy Associate, supporting the marketing and strategy teams in growing Cumberland Trusts reach across the country. 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. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. 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. 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. Layla Hebert joined the Cumberland Trusts legal team in 2021 and serves as Fiduciary Counsel. 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. In this role, Owen works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. in Business Management (Deans list & OVC Commissioners Honor Roll). Yes, we have a team dedicated to the administration of Special Needs Trusts. Site by, New Legislation Maintains Tennessees Status as a Leading Trust-Friendly State. Runcie is a licensed attorney and CPA. Vice President & Business Development Officer. If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply. No fee. Explore North Carolina's counties for court services and information, such as courthouse locations, jury service, contacts, and more. High-touch administration for those needing additional support. Deed Of Trust. Navigating trust and estate services can feel overwhelming, especially in times of loss or change. in Education with Majors in Kinesiology and Criminology from The University of Tennessee, Knoxville. Wherever fees go, he says, there are going to be a lot more entrants in the trust service business.. Prior to joining Cumberland Trust, Jennie was Director of Client Strategy and Product Development at Trilliant Health. Senator Thad Cochran (Mississippi). Previously, Debbie led the Special Needs Trust team unit at Arden Trust Company in Phoenix, Arizona. No fee. Previously, he focused on the administration of life insurance trusts. 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. Industry Financial Services Revenue $2.0M Employees 121 Founded in 2001 Headquarters Nashville, TN Website cumberlandtrust.com Organization Type Private Is This Your Company? Helina works with the compliance department to help ensure that accounts are opened and documented correctly. As a Business Development Officer, Bob focuses on building relationships with financial advisors, attorneys, and tax professionals throughout the state of Florida. Rene received her B.A. Provide for the management of an individuals assets should he or she becomeincapacitated. The announcement comes as Cumberland Trust recently reached $5 billion in assets under administration. For 35+ pages, please contact the County Clerk's office at (304) 264-1927. (Includes checks, in-person withdrawals, or other electronic means) includes: Overdraft Fee - Assessed when an item is paid Returned Item Fee - Assessed when an item is returned. Prior to joining Cumberland Trust, Adriana worked as an Account Manager in the direct mail industry, managing the status of accounts and supporting client relationships. Wendy Maynard joined the Cumberland Trust Asset Transfer team in 2021 as an Asset Transfer Specialist. She has eight years of customer service experience. Caroline holds a B.A. in American Studies from the University of Tennessee (summa cum laude). Prior to joining Cumberland Trust, Riley worked as an Operations Analyst at UBS Financial. 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. We focus solely on trust and estate administration so that financial advisors, accountants, and attorneys can focus on what they do best. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. Eloise Schroer joined Cumberland Trust as a Trust Specialist in 2022. in Art History with a minor in French from Sewanee: The University of the South in Sewanee, Tennessee. Meg is licensed to practice law in Tennessee. We believe our relationship managers should be fully focused on their current clients. Tennessee continues to distinguish itself as a desirable state for trusts, and new legislation maintains this advantage. Laura specializes in administration with distinctive care services, an extra level of support for clients. 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. Chase Caldwell serves as Assistant Secretary, Assistant Vice President, and Director of Finance for Cumberland Trust. This fee is not to be assessed on assets for which the gross-value fee was 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. A beneficiary can be a person or an institution. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. How Can I Protect My 401(k)? Zandra Ribas joined the Cumberland Trust team in 2019. This document allows the trust creator or grantor to place selected assets in trust. Specialized expertise combined with care and compassion for your family. As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. Ryan Russell joined Cumberland Trust as a Trust Officer in 2022. 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 3 x 5 - $20.00 3 x 10 - $35.00 5 x 10 - $50.00 10 x 10 . Judy Johnson began working as part of the Cumberland Trust team in 2011, with over 50 years of experience in estate planning and probate in numerous law offices in both Illinois and in Tennessee. No. from Western Kentucky University in Bowling Green, Kentucky. Susan serves as Corporate Strategy and Marketing Officer, supporting Cumberland Trusts growth and nationwide reach through content creation, media relations, and the development, planning, and management of various strategic initiatives aimed at reaching current and new target audiences. 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. She supports the estate administration team, providing care and attention to estate and post-mortem trust clients. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. Judy serves as Vice President and Trust Officer on the estate administration team. Previously, she served for ten years as a paralegal and raised her three, now grown, children. This legislation allows all of the trust creators top advisors to be involved in the trust management. She currently volunteers with CASA, which advocates for children who are in the foster care system seeking permanent homes. 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. Senior Vice President & Managing Director, Trust Administration, Vice President & Director, Personal Trust Administration, Vice President & Trust Officer, Administration Manager. and MBA from the University of Memphis. In this role, she works closely with clients and their families, along with their legal, financial, and tax professional advisors. in Music Business from Belmont University. Meg holds an A.B. Site by Circa Creative Studios. Jared is a member of the Tennessee Bar Association and is active with the Estate Planning and Probate Section. Prior to joining Cumberland Trust, Gina spent nine years with Merrill Lynch Insurance Group focusing on estate planning through life insurance. Prior to joining Cumberland Trust, she worked for Larson Juhl as a customer service team leader. in Advertising and Public Relations from the University of Arkansas. Helina received a B.A. Jodi Monroe joined Cumberland Trust in 2013. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Previously, she worked as a Trust Officer for Regions Bank in Knoxville and in Cincinnati, Ohio at Provident Bank in tax and trust accounting. from Vanderbilt University. 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. Once a Northern Trust account grows beyond $30 million, the company will only charge 5 basis points: $500 a year per $1 million.). Some select this option to avoid a lengthy probate process and protect the privacy of the grantor and beneficiaries of the trust. Elizabeth holds a B.A. Cumberland County. As a member of the Personal Trust Administration team specializing in Distinctive Care, Andrew 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 & 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 Previously, she practiced Entertainment Law and Labor and Employment Litigation. Fee Schedule Fee Schedule The Recorder's Office accepts the following payment methods: Checks* - Checks should be made payable to "Recorder of Deeds". Gina holds a B.S. 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. Danielle holds a bachelors degree in Business Administration from Columbia International University in Columbia, South Carolina.
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