The Trust Advisor realizes that this is not a comprehensive list of all firms. Many matters that used to require a court to resolve may now be resolved by agreement among the beneficiaries. Kathy Roberts of Santa Fe Trust agrees. He holds a B.B.A. It also reduces capital gains tax implications after the death of one spouse. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. Previously, Ashley worked for Newt Gingrichs 2012 presidential campaign. Natalicia Hosseinzadeh joined the Cumberland Trust team in 2018. Heather develops relationships with individuals, families, and their professional advisors in North Carolina, South Carolina, and East Tennessee. All rights reserved. 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. 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. Nathan is a Certified Securities Operations Professional (CSOP), a designation awarded by Cannon Financial Institute. High-touch administration for those needing additional support. Laylas background also includes experience in utilities regulation while conducting legal research and writing for the Louisiana Public Service Commission. in Accounting (cum laude) and a J.D. She enjoys volunteering with animal rescue organizations and supporting various charities to help fight against animal cruelty. Prior to joining Cumberland Trust, Lauren worked as a Brokerage Client Specialist with Wells Fargo Advisors. 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. Brianna studied Business Administration at Georgia State University. Senator Thad Cochran (Mississippi). 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. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Alex holds a B.A. She serves as Assistant Vice President and Trust Officer. In this role, Sarah collaborates with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. Before that, she was Vice President in the Custody Income Operations department (Global Securities Services) at Deutsche Bank/State Street in Nashville. Impartiality. Originally from New York state, Bob holds a Bachelor of Science degree in Engineering from Rochester Institute of Technology. This legislation allows all of the trust creators top advisors to be involved in the trust management. Previously, Dayton worked in Tuscaloosa, Alabama for Hawkeye Oil and Gas, Inc., a small oil and gas exploration company involved in coal bed methane and other conventional operations in the Black Warrior Basin of Alabama. Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. 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. Full-Time. 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. in Spanish from Southern Methodist University in Dallas, Texas. Our Team - Cumberland Trust in Corporate Management and Marketing from Lipscomb University. 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. LOCATIONS NEAR ME Resources and Insights cumberland trust fee schedule - chamberlainfunding.com In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. 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. In this role, Chase focuses on Cumberland Trusts corporate operations. First Federal Bank is here to support our local businesses with a complete range of commercial banking products. clerk of court's fee bill adopted pursuant to 42 pa.c.s.a. 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. Throughout her time at Belmont, she held internships focusing on account and business management. Estate and Post-Mortem Trust Administration - Cumberland Trust Explore North Carolina's counties for court services and information, such as courthouse locations, jury service, contacts, and more. Previously, she served as a Trust Specialist in administration and as she developed relationships there, Lindsay discovered that what she enjoys most is speaking with clients and interacting with them more personally on a daily basis. Cumberland Trust BizSpotlight - Tampa Bay Business Journal Trust Department Schedule of Fees | Texas Bank Fee Schedule Fee Schedule The Recorder's Office accepts the following payment methods: Checks* - Checks should be made payable to "Recorder of Deeds". 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. In this role, Riley works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. Register of Wills | Cumberland County, PA - Official Website High-touch administration for those needing additional support. 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. Vice President & Manager, Business Development Associate. in Political Science from Colgate University. in Business Administration from the University of Tennessee, Knoxville and was awarded a J.D. Cumberland Trust has provided professional, comprehensive estate settlement services for many years throughout the geographic regions where we serve. Jessica holds a B.S in Marketing from Indiana University and an MBA from Belmont Universitys Massey Graduate School of Business. TRUST MANAGEMENT FEE MARKET VALUE OF ASSETS ANNUAL FEE First $1 Million 1.20% Next $4 Million .95% Next $5 Million .65% . Recorder of Deeds | Cumberland County, PA - Official Website Business Started Locally: For questions or to schedule an appointment, please call 717-240-6345 or email regofwills@cumberlandcountypa.gov. Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). It also reduces capital gains tax implications after the death of one spouse. Jodi Monroe joined Cumberland Trust in 2013. 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. CAREERS & OUR CULTURE Joseph K. Presley She was awarded the Certified Trust and Financial Advisor designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. 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. Previously, Susan worked as an Engagement Officer for Cumberland Trust, providing direct support to the Business Development team by initiating and developing new Trust opportunities and prospective client relationships, while also working internally to onboard new accounts. Cumberland Trust acts as a truly independent trust company. There are companies that charge small accounts less (Nevadas Summit Trust will go as low as $100 a year), but plenty start their fees at $4,000 and up. His prior experience includes serving as Trust Operations Manager for First American National Bank and as a Registered Principal with Summit Brokerage Services. Some of the advantages of a corporate executor include: Establishing an estate plan is essential and can provide you and your family with security and peace of mind for the future.Estate planning is not one-size-fits-all and varies in complexity depending on individual needs. Some of these accomplishments include winning the TIAA Excellence Award, serving as a TIAA Emerging Leader, on the Diversity and Inclusion Council and as a corporate United Way liaison. Advises family on tax laws and implications. Comprehensive trust administration, education, and proactive client service for your family. Outside of work, he enjoys volunteering with the North American Versatile Hunting Dog Association (NAVHDA). 1 Stated fees are for services provided by Cumberland County and does not include any additional fees that may be charged . Currently, Michelle manages the business development team, who work in Cumberland Trusts headquarters and in each of its regional offices. Growth Permit Application - Fillable. She assists in the onboarding of new Cumberland Trust clients and their advisors, providing attentive support during times of change. She specializes in delivering a range of customized trust solutions to best serve each client. Others decide what your client will pay when the business is placed on the table. Saving forretirementmay soon be mandatory with employers automatically enrolling new hires into plans when eligible. Cumberland Commercial Lease Amendment Lawyers from Quinnipiac University School of Law in Hamden, Connecticut. Previously, Mr. Presley served as Chairman, President, and CEO and as President and Chief Operating Officer of Cumberland Trust. She is a graduate of Southern Trust School in Mobile, Alabama and has earned her Certified Trust and Financial Advisor designation (CTFA). Previously, Millie worked in the interior design industry where she specialized in developing interior design solutions and delivering superior client service. Rebecca holds a B.A. Claim This Company Page Cumberland Trust Hiring Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Lindsay Hardin joined the Cumberland Trust team in 2015. Plan, preserve, and protect your legacy for generationstocome. in Communication with a focus in Public Relations from Florida State University. Provide a measure of protection when beneficiaries may lack the maturity or expertise to manage their ownaffairs. Prior to joining Cumberland Trust, Robin served in multiple roles over six years with Brookdale Senior Living, Inc., including, Senior Living Advisor, RTA Specialist, Connection Center Supervisor, and Quality Assurance Specialist. In his role as Vice President and Fiduciary Counsel, Stephen reviews and drafts documents relating to trust and estate accounts. Sharon Winkler joined Cumberland Trust in 2007 and serves as Senior Vice President, Special Counsel, Chief Regulatory Compliance Officer. Advises family on tax laws and implications. She is a member of the National Trust Real Estate Association (NTREA), as well as the National Trust Closely Held Business Association (NTCHBA). With a connected team of 120+ experts at your service in 10 offices nationwide. $25.00. in Finance from Tennessee Technological University. Download the Fee Schedule Personal Trusts - Continual Administration ANNUAL FEE: Based on fair market value of trust assets 0.60% of the first $1,000,000 0.50% of the next $1,000,001 - $2,000,000 0.35% of the next $2,000,001 - $5,000,000 Negotiable over $5,000,000 Minimum Fee: $3,000 Trust Settlements - Outright Distribution Constant availability. With a connected team of 120+ experts at your service in 10 offices nationwide. Jared has extensive experience working with family offices and in the administration of complex trust assets, including inherited Individual Retirement Accounts (IRAs). Site by. Based in Nashville, TN, Cumberland Trust is a small finance company with only 121 employees and an annual revenue of $2.0M. Chase Caldwell serves as Assistant Secretary, Assistant Vice President, and Director of Finance for Cumberland Trust. Additionally, she serves as a member of the St. Louis Estate Planning Council. Find local administrative orders and rules. Home - Cumberland Trust unit 3: personal and business finance grade boundaries. cumberland trust fee schedule - sexygeeks.be 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. Prior to joining Cumberland Trust, Riley worked as an Operations Analyst at UBS Financial. with a focus on comparative law and human rights from Regent University School of Law in Virginia Beach, Virginia. All rights reserved. Danielle holds a bachelors degree in Business Administration from Columbia International University in Columbia, South Carolina. In some cases, the creator of the trust may also name himself as co-trustee to be responsible in part for administering the trust. Caroline L. H. Bradshaw joined the Cumberland Trust team in 2007. Avery Oaks joined Cumberland Trust as a Trust Officer in 2022. PDF Court Costs and Fees Chart so is each estate left behind. , 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, Owen was a Trust Associate with Pendleton Square Trust Company in Nashville, Tennessee. She received her Masters degree in Management from Embry-Riddle Aeronautical University. Ensure that estate taxes are minimized as much aspossible. Thats about where vanilla Commonwealth trusts start, Jim McMackin, who runs the companys marketing, told me. Phone: 717.240.6100. Debbie has 32 years of experience in the trusts and estates industry. Prior to joining Cumberland Trust in 2021, Lisa was a senior director and business manager with TIAA, working with their private asset management group. For example, if the trust is worth $2 million, the trustee would receive $20,000 compensation that year. Vice President & Director, Estate Administration. Cumberland Trust has grown to $5.6 billion in assets under administration and the company continues to deepen its reach in regional markets with additional offices located in Atlanta, Austin . in Political Science and Economics from the University of Tennessee and a Paralegal Certificate from the National Institute of Paralegal Training in Atlanta. 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. April holds a B.S. Caroline received a B.A. Prior to joining Cumberland Trust, Laura worked at Blakeford At Home as a Care Manager and Executive Director, providing older adults with information, services, and guidance to maintain the highest level of independence in their home. She earned a Master of Management degree from the Kellogg Graduate School of Management at Northwestern University. Emily Dye joined Cumberland Trust in 2019. in Education from Middle Tennessee State University and a Paralegal Certification from Southeastern Paralegal Institute in Nashville, Tennessee. Vice President & Trust Officer, Administration Manager. Douglas is a member of the Young Alumni Council and Gordon Ford College of Business Associates at Western Kentucky University. She is a part of the Young Leaders Council, Class 74. google hiring committee rejection rate. An essential planning tool, a will dictates distribution of your assets from your estate to surviving family members, friends, or favored charitable organizations. Toll Free: 1.888.697.0371. Cumberland County. He currently coaches for the Nashville Predators youth hockey teams. All rights reserved. She specializes in relationship building with families and their financial, legal, and tax advisors. She is licensed to practice law in Arkansas and Tennessee. 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. Do you want to learn more about personalized trust and estate services? in Music Business from Belmont University. Natalicia has been a member of the National Associate of Realtors and Greater Nashville Realtors Association since 2017. What is new at CU Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Plan, preserve, and protect your legacy for generationstocome. from the University of Kentucky College of Law in Lexington, Kentucky. Dan holds a B.S. He is a First Lieutenant in the U.S. Army JAG Corps, Reserve Component. Whatever happens, says Kathy Roberts, the CEO of Santa Fe Trust, small accounts shouldnt be loss leaders. 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. A corporate executor, with many on-staff professionals, is always available. Alex focuses on providing careful and attentive trust administration, specializing in distinctive care services. Our team is experienced in handling specialized trusts, illiquid assets, and navigating complex family dynamics with diplomacy and respect. Stocks, after a few years of. Additionally, she is on the board of the Juvenile Diabetes Research Foundation. Jennie Menzie joined Cumberland Trust in 2012 and serves as President, Chief Operating Officer, and Corporate Counsel. Robert focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Rene Frederiksen joined Cumberland Trust 2015. Previously, she worked as a Teller, then Personal Banker and Assistant Manager in consumer banking at Bank of America, then with Private Wealth Management at U.S. Trust, and on the Commercial Banking Team at Bank of America. Early on, she developed the Special Needs Trust group, serving the needs of client family members with disabilities. 2017 TheTrustAdvisor.com, One thing we discovered: if you just want a no-frills account, Flinn adds, its probably going to cost at least $3,000 a year. Jessica serves on the board of The Womens Fund, an endowment fund within The Community Foundation of Middle Tennessee. Outside of work, Avery enjoys volunteering as an assistant basketball coach. Outside of work, Brianna has enjoyed volunteering at Atlanta Ronald McDonald House where she helped provide meals to patients and families in residence. 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. Meg Cressman joined the Cumberland Trust team in 2022 as Vice President, Compliance and Audit Officer. Stephen Granberg joined the Cumberland Trust Special Asset Administration team in 2022 as a Special Assets Administrator. Tim is a graduate of the American Bankers Association Trust School where he earned the Certified Trust and Financial Advisor (CTFA) designation. She holds a B.B.A. Senior Vice President & Director, Business Continuity & Information Security. Previously, Elly served as a trust officer in Cumberland Trusts Nashville headquarters, administering trust relationships and providing direct client support. In addition, Dan has over 15 years of custody and trust operations experience from previous positions with State Street Bank and Reliance Trust Company. Harriet received a B.S. As a collaborative member of the Personal Trust Administration team, Danielle provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. David holds a bachelors degree in economics with a minor in business finance from Sewanee: The University of the South, Sewanee, Tennessee. Industry Financial Services Revenue $2.0M Employees 121 Founded in 2001 Headquarters Nashville, TN Website cumberlandtrust.com Organization Type Private Is This Your Company? She is a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. Leslie is a member of the Tennessee Bar Association and is licensed to practice law in Tennessee. Applications & Fees | cumberlandme In this role, Andrea works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. All rights reserved. Previously, she served as Vice President, Trust Advisor at SunTrust Investment Co. handling Trust Administration for their private wealth management department. 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. With it, you can use a trust company with trustee fees on your terms. Senior Vice President & Managing Director, Trust Administration. Trusts offer an excellent way to plan for the future. Site by Circa Creative Studios. Previously, Rene held the role of Senior Vice President and Managing Director, Corporate Development, working with our business development team to manage our growth throughout the country and implementing strategic initiatives. 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. Prior to joining Cumberland Trust, Bonnie was a Retirement Plan Co-Implementation Manager at The Retirement Plan Company, LLC where she managed an implementation team and handled trading requests for client 401ks and Required Minimum Distributions. Previously, he worked as a conflict analyst with Pillsbury Winthrop Shaw Pittman. Tennessee has long been a friendly state to trusts, thanks to its favorable tax laws and its adoption of a handful of important asset protection legislation: The Prudent Investor Act, 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. Shelby holds a B.S. Prior to Cumberland Trust, Sara worked at a Maryland title company and has experience with title searches, deeds and other loan documentation. 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. Rachel is licensed to practice law in Tennessee. Alex is licensed to practice law in Tennessee. Prior to joining Cumberland Trust, she served as the founding Director of Operations for a Middle Tennessee anti-human trafficking nonprofit organization. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. She was awarded her J.D. Show all. In this role, she works closely with clients and their families, along with their legal, financial, and tax professional advisors. For example, Santa Fe Trust accepts very small accounts, but according to its published fee scale it will still charge them at least $4,000 a year. in Political Science from the University of Tennessee at Chattanooga and a J.D. For 35+ pages, please contact the County Clerk's office at (304) 264-1927. Sara Kate is licensed to practice law in Tennessee. Establishing a trust is not merely a plan to minimize taxes. She focuses on topics related to family governance structures, succession planning, and working with a corporate trustee. and MBA from the University of Memphis. She received a professional certification in software programming from The University of Texas at Austin. What Investors Need to Know about SECURE 2.0 Provisions, Need Help With Your Asset Allocation in Retirement? Natalicia holds a degree in Finance with a minor in Accounting from Western Michigan University in Kalamazoo, Michigan. All rights reserved. Trustee Fees: How Much Are They & What's Reasonable? - Policygenius The announcement comes as Cumberland Trust recently reached $5 billion in assets under administration. 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. She also works with the compliance department to help ensure that accounts are opened and documented accurately. As Vice President of Corporate Development, Douglas works to expand Cumberland Trusts relationships with families and advisors in the Nashville region. cumberland trust fee schedule Agency Trustee Fees | Wealth Advisors Trust Company As Cumberland Trust grew, Michelle developed the blueprint for expansion into regional markets and she worked to open our nine regional offices. in finance from Auburn University. Assistant Vice President & Compliance Officer. Working with us, you will get to know our team of talented, compassionate, and committed individuals who are active in their communities and passionate about taking care of our clients. Prior to joining Cumberland Trust, Jessica worked in sales and marketing for 13 years helping small and mid-sized business owners realize their business goals. Sharons primary responsibilities involve reviewing and preparing documents and considering tax, legal and other compliance issues with regard to Cumberland Trust and its clients. Prior to joining Cumberland Trust, Phillip worked as an intern on Capitol Hill for U.S. Trusted relationships are at the heart of what we do. We focus solely on trust and estate administration so that financial advisors, accountants, and attorneys can focus on what they do best. So that provides a floor on what people can offer.. BBB File Opened: 2/19/2004. He has twenty-four years of experience in banking, education, and trust administration. We are not investment advisors and focus our efforts solely on trust and estate administration. Robert Ottinger joined Cumberland Trust as a Trust Administrator in 2021. Beth Lee joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. Cumberland Trust Education Administration and distributions Record-keeping and reporting Premier client service Conveniently Headquartered in Trust-Friendly Tennessee With a connected team of 120+ experts at your service in 10 offices nationwide. Caitlyn serves as a Trust Officer, focusing on the day-to-day administration of Special Needs Trust (SNT) relationships. For Families & Individuals - Cumberland Trust Outside of work, Sarah enjoys spending time with friends and family. Sloan Shell joined Cumberland Trust in 2015. Ourso College of Business. As Assistant Vice President and Compliance Officer, Harriet ensures that accounts are opened or closed and documented accurately. The Admissions Office is open Monday through Friday from 8am to 4:30pm CST. from the University of Florida School of Law. She received her J.D. Fees, Calendars, Rules | Cumberland County, PA - Official Website