Katrina Martin joined the Cumberland Trust team in 2020. What is a Directed Trustee? Ensure that estate taxes are minimized as much aspossible. Find local administrative orders and rules. The grantor does not have to be significantly wealthy or have a large number of properties or assets. Prior to joining Cumberland Trust, Wendy worked for 28 years as a licensed insurance agent for Buschbach Insurance Agency in Illinois. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. from Simon Fraser University in Vancouver, British Columbia, and an M.B.A. from Western Governors University. Newly contributed or acquired assets do not include assets acquired by the sale, transfer, exchange, or otherwise of the amount of trust property on which fees were previously assessed." G.S. Chase Caldwell serves as Assistant Secretary, Assistant Vice President, and Director of Finance for Cumberland Trust. She has also served as a trust officer in personal trust administration, administering trusts for high-net-worth individuals and families. Tennessee continues to distinguish itself as a desirable state for trusts, and new legislation maintains this advantage. 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. 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. Caroline received a B.A. 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. Matt Skeens joined Cumberland Trust as a Trust Administrator in 2022. Scott Martin, contributing editor, The Trust Advisor. Michelle Femino joined Cumberland Trust as a Trust Specialist in 2022. Previously, he worked as a conflict analyst with Pillsbury Winthrop Shaw Pittman. Phillip Burnett joined the Estate Administration team as a Trust Administrator in 2018. Robin also has more than 10 years of experience in sales and customer service and retention with the USA Today Network (Gannett Company, Inc.) as a Sales & Retention Supervisor. She received a B.A. Adriana Sosa joined the Cumberland Trust Asset Transfer team in 2021 as an Asset Transfer Specialist. overpaid mortgage interest refund. Lou Anne earned a B.A. Lori Thoeny joined Cumberland Trust in 2008 after working more than 15 years in the brokerage industry. Previously, Greg worked in human resources and in youth sports. 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. Claim This Company Page Cumberland Trust Hiring She has also worked for more than 24 years in the financial services industry, including roles as Vice President and Manager of Private Client Services at First Tennessee Bank and as a Financial Advisor with Heidtke & Company. from Purdue University Global. (magna cum laude) in Public Relations and a B.S. Prior to joining Cumberland Trust, Lauren worked at Franklin Synergy Bank as a Trust and Wealth Management Associate providing support to financial advisors with client onboarding and relationship management. In this role, Judy administers estates and administrative trusts, guiding families and individuals during times of loss and transition. An essential planning tool, a will dictates distribution of your assets from your estate to surviving family members, friends, or favored charitable organizations. She serves as Senior Vice President and Managing Director of Tax Administration. Eloise holds a bachelors degree in International Global Studies with a minor in French from Sewanee: The University of the South. $10. Elly Hutchings joined the Cumberland Trust team in 2015. Prior to her career with Cumberland Trust, Lorena worked with children and families as a nanny and au pair. in International Studies and French from Rhodes College in Memphis. A corporate executor, with many on-staff professionals, is always available. . She earned an MBA and B.S. Katelynn holds a B.S. She is a graduate of Cannon Financial Institutes Trust School and has been awarded the Certified Trust and Financial Advisor (CTFA) designation. Andrea holds a B.A. He also works with the compliance department to help ensure that accounts are opened and documented accurately. Layla is licensed to practice law in Tennessee and Louisiana. Our mission is to preserve the natural resources of Cumberland for present and future generations by preserving land for open space. in Education from Middle Tennessee State University and a Paralegal Certification from Southeastern Paralegal Institute in Nashville, Tennessee. In this role, Meredith works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. Additionally, he manages a growing team of personal trust officers, administrators, and specialists. One of our co-founders is a former insurance actuary (e.g. She earned a J.D. In this role, Owen works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. As a collaborative member of the Personal Trust Administration team, Katelynn provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. If the account has securities or assets, other than Trust Department sponsored mutual funds the fee will be $3.32 per quarter for each security or asset. Others on our list (Advisory Trust, Reliance, Saturna, New Hampshire Trust) justify their minimums at lower levels. $10 (register may waive for person over 62 years old) Birth certificate after one year or more for same county, with one certified copy. How Can They Provide Better Service to Families. As Vice President of Corporate Development, Douglas works to expand Cumberland Trusts relationships with families and advisors in the Nashville region. Heather holds bachelors degrees in Psychology and Religion from Lambuth University. in Accounting (cum laude) and a J.D. Prior, Beth served as Vice President and In-House Counsel for a nationwide franchise. She also works with the compliance department to help ensure that accounts are opened and documented accurately. The beneficiaries of the trust must be clearly identified or ascertainable. Republic Centre, Suite 1540 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. Meredith graduated from Boise State University in Boise, Idaho with a bachelors degree in Business Administration. Schedule a Visit. Her past experience also includes positions in the legal field as a Docketing Assistant in Intellectual Property at Kilpatrick Townsend, LLP and as a Legal Assistant in Intellectual Property at Morris, Manning & Martin, LLP. Prior to joining Cumberland Trust, Heather worked for 11 years at medSR, creating and overseeing their human resources and administrative functions. She received a J.D. Site by Circa Creative Studios. Previously, Mrs. Selinger served as the Assistant Director of Development at St. Paul Christian Academy and prior to that as the Interim Development Director at Belle Meade Plantation. Lisa brings a wealth of experience to the Cumberland Trust team. Kim Kochamba joined the Cumberland Trust Special Needs Trust Administration team in 2023 as a Trust Specialist. 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. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. If youre like many individuals this time of year, youre starting the year off by creating a list, Working with an attorney to determine what estate planning documents best fit your and your familys needs is, In a revocable or living trust, the trust creator retains rights over the trust, including the ability to. Our team works in conjunction with any external property managers. Its never as simple as just lining up the fees, says Mike Flinn, a Phoenix-based trust consultant. Outside of work, Millie enjoys reading, hiking, traveling, and spending time with friends and family. Before that, she was Vice President in the Custody Income Operations department (Global Securities Services) at Deutsche Bank/State Street in Nashville. Caroline is a regular speaker for industry events nationwide and has been a guest of the Wealth Matters radio show. Some vendors refused to participate in the survey because they either work on an a la carte basis (Peak Trust) or figure out what to charge once they see the trust paperwork (Commonwealth Trust). She was awarded the Certified Trust and Financial Advisor designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Our advisor-friendly commitment to independent trust and estate administration allows financial advisors, estate planning attorneys, and accountants to provide their expertise, while we focus on performing our fiduciary duty and taking care of our mutual clients. in Sociology from Middle Tennessee State University (cum laude) with minors in Global Studies and Business Administration. 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. Depending on your needs, establishing a revocable living trust is another option your attorney might recommend as part of your estate plan. During her time at U.S. Trust, she assisted families with multi-generational financial planning, credit needs and overall wealth management services. The Tennessee Community Property Trust Act, passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. First Federal Bank is here to support our local businesses with a complete range of commercial banking products. As Vice President & Director of Special Asset Administration, April works in ongoing administration of special assets held in trust, such as commercial or residential real estate; closely-held business interests; mineral, oil, and gas interests; and promissory notes. Prior to joining Cumberland Trust, she worked as a Customer Service Representative with State Farm. in Psychology and Sociology from Western Kentucky 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. Rebecca Halvorson joined Cumberland Trust in 2010. Leslie earned a B.A. Wealth Advisors Trust Co. trustee fee schedule rests on hourly, fixed and percentage of assets. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. No cost to post a project to get multiple bids in hours to compare before hiring. He received his J.D. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. Saving forretirementmay soon be mandatory with employers automatically enrolling new hires into plans when eligible. Cumberland Trust has provided professional, comprehensive estate settlement services for many years throughout the geographic regions where we serve. Plat or Map. There's still a fair amount of mystery surrounding exactly whats baked into each of those basis points. What is a Directed Trustee? Ryan Russell joined Cumberland Trust as a Trust Officer in 2022. Vice President & Director, Estate Administration. All rights reserved. "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. Northern Trust doesnt publish its fee scale, but president Dan Lindley was kind enough to give The Trust Advisor a peek. Previously, Millie worked in the interior design industry where she specialized in developing interior design solutions and delivering superior client service. Bonnie Parrish joined Cumberland Trust in 2017. in Music Business from Belmont University. Outside of work, Katelynn enjoys volunteering at local animal shelters. Chase holds a Bachelors degree in Finance from the University of Tennessee at Chattanooga. He received his J.D. It's time to rise at Cumberland University We believe your college experience should be intensely personal, intellectually challenging, and full of meaningful moments. Prior to joining Cumberland Trust, Brianna worked as a Business Assistant at a dental practice. 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. launchpad classlink nmusd; cantonese text to speech; 15 second tv commercial script examples 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. I used them twice recently, moving to and from Pennsylvania. Vice President & Business Development Officer. Families can feel assured knowing their loved ones will be looked after when theyre gone, and that their legacy will have a lasting impact. 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. All rights reserved. Credit Solution Experts Incorporated offers quality business credit building services, which includes an easy step-by-step system designed for helping clients build their business credit effortlessly. Rachel now leads the Estate Administration department, which administers trusts and estates of various sizes and complexity throughout the southeast. Prior to joining Cumberland Trust, he worked as a Senior Relationship Banker at Truist Bank. She received a professional certification in software programming from The University of Texas at Austin. gunther tooties nutrition information,