cumberland trust fee schedule

Currently, Michelle manages the business development team, who work in Cumberland Trusts headquarters and in each of its regional offices. Toll Free: 1.888.697.0371. Owen holds a bachelors degree in Economics from The University of the South in Sewanee, Tennessee. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. Sara Kate focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Prior to joining Cumberland Trust, he worked as a Portfolio Property Manager at Metropolitan Property Management. Impartiality. Its expensive to be a fiduciary, Blattmachr acknowledged in our conversation. 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. 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 Northern Trust doesnt publish its fee scale, but president Dan Lindley was kind enough to give The Trust Advisor a peek. 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. Either way, its good to know what the market value of trust services. 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. 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. Eloise Schroer joined Cumberland Trust as a Trust Specialist in 2022. What is a Directed Trustee? We are located in one of the most trust-friendly states, giving our clients and their assets access to very favorable trust laws. Lisa Tesar is a vice president and business development officer based in Cumberland Trusts St. Louis office. This includes supervising staff, promoting The Wilds, scheduling activities, creating programs/tours, maintaining camp, following safety protocols and all other activities. She has also served as a trust officer in personal trust administration, administering trusts for high-net-worth individuals and families. Stephen Granberg joined the Cumberland Trust Special Asset Administration team in 2022 as a Special Assets Administrator. We balance any requests against the interest of both the current income and remainder beneficiaries. and Morris, Manning & Martin, LLP. As a collaborative member of the Special Needs Trust Administration team, Michelle provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Shelby Carpenter began work at Cumberland Trust in 2016. Prior to joining Cumberland Trust, Elizabeth practiced as a contract attorney with Legility, LLC. As a collaborative member of the Personal Trust Administration team, Bonnie provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Lindsay earned a B.A. Cumberland Trust company overview, insights, and reviews | Lensa Alexbeganat Cumberland Trust workingon the legal team and then transitioned to the administration of trust accounts. Prior to joining Cumberland Trust, she practiced as an associate attorney with a bankruptcy firm. Katrina holds a B.S.B.A (magna cum laude) in Marketing with a minor in Hospitality from the University of Central Florida. Previously, she managed grantor and decedent trust administration teams with Edward Jones. 2021 Cumberland Trust. cumberland trust fee schedule The Playhouse celebrates its 50th . PDF Trust Advisors - Private Trust Company: Planning, Administration & More She also holds an MBA from Bethel University in McKenzie, Tennessee. Posted on . 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. Donna Wooden brings an extensive background in customer support, project coordination, and office administration to the estate team. Agency Trustee Fees | Wealth Advisors Trust Company Provide regular disbursements to someone who is unable to manage large sums ofmoney. Her duties include coordinating the purchase and sale of properties held in trust, analyzing appraisals and inspections, overseeing the management of special assets owned in trust, and navigating complicated situations to provide excellent client service to families that have special assets in their trust portfolios. Vice President & Director, Legal, Senior Fiduciary Counsel. Prior to joining Cumberland Trust, Avery was an associate attorney at Brazil Clark, PLLC and worked as an Investment Advisor at Valor Financial Services. He has completed Cannon Trust School I. from the University of Memphis Cecil C. Humphreys School of Law. Lou Anne earned a B.A. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. 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. $20.00. As a trust administrator, Donna collaborates with legal, financial, and tax professionals to ensure all aspects of an estate are given careful attention. Growth Permit - Application. Andrew is an avid hockey enthusiast. 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. 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 earned an MBA and B.S. During her time at U.S. Trust, she assisted families with multi-generational financial planning, credit needs and overall wealth management services. Our trustee fee schedule forces us to be effective and mindful. Dudleys experience includes working as Senior Vice President at First American National Bank. Prior to joining Cumberland Trust, Douglas worked as a State & Local Tax Associate at KPMG LLP in Indianapolis, Indiana. Sharons primary responsibilities involve reviewing and preparing documents and considering tax, legal and other compliance issues with regard to Cumberland Trust and its clients. In some cases, the creator of the trust may also name himself as co-trustee to be responsible in part for administering the trust. In this role, Stephen collaborates with a team working with unique, illiquid, and hard-to-value assets held in trust. in Business Administration from Hanover College in Hanover, Indiana. Rachel is licensed to practice law in Tennessee. Chase holds a Bachelors degree in Finance from the University of Tennessee at Chattanooga. Matt holds a B.A. Ashley Fischer joined Cumberland Trust as a Business Development Associate in 2021. 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. Clerk's Fee, Transfer Fee, Open Space Preservation Fee. 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. As Trust Officer in personal trust administration, Laura focuses on providing a high quality of service to clients. from the University of Florida School of Law. Lauren holds a bachelors degree in Business Administration with a concentration in Marketing from the University of Tennessee at Martin. Permits, Applications & Fees - Cumberland, Maine PDF Court Costs and Fees Chart She is licensed to practice law in Illinois. Previously, he worked in the music industry for eight yearsspecializing in song licensing and royalty administration with Capitol Christian Music Group (formerly EMI) and Music Services. Debbie holds an Executive J.D. Specialized expertise combined with care and compassion for your family. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. 1 Courthouse Square Carlisle, PA 17013. Prior to joining Cumberland Trust, Riley worked as an Operations Analyst at UBS Financial. Services are intended to be all-inclusive. Previously, Bonnie worked on Cumberland Trusts Operations team. Site by Circa Creative Studios, Conveniently Headquartered in Trust-Friendly Tennessee. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. from the University of Arkansas School of Law and holds her LL.M. In his leisure time Tim enjoys reading and crafting heirloom, hardwood rocking chairs for adults and children. Thats about where vanilla Commonwealth trusts start, Jim McMackin, who runs the companys marketing, told me. Additionally, she mentors trust officers and their teams, building connections between Cumberland Trusts relationship managers, external advisors, and clients. Creating a trust can protect your assets and make sure those assets are managed for the benefit of your children or loved ones. In these roles, Robin helped families find solutions to support their loved ones diagnosed with dementia and Alzheimers disease. Explore North Carolina's counties for court services and information, such as courthouse locations, jury service, contacts, and more. Shelby holds a B.S. As a collaborative member of the Special Needs Trust Administration team, Robin provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. 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. Prior to joining Cumberland Trust, Haley completed an AmeriCorp term with Harpeth Conservancy. 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. We are located in one of the most trust-friendly states, giving our clients and their assets access to very favorable trust laws. Lori Thoeny joined Cumberland Trust in 2008 after working more than 15 years in the brokerage industry. Amanda Laginess joined the Cumberland Trust team in 2020. Previously, he worked as a conflict analyst with Pillsbury Winthrop Shaw Pittman. 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. Previously, she served as Vice President, Trust Advisor at SunTrust Investment Co. handling Trust Administration for their private wealth management department. unit 3: personal and business finance grade boundaries. Previously, Evelyn worked in the banking industry, with experience in audit management, commercial relationship management, and credit analysis. To make sure your institution is included or excludedin theJuly 2nd editionof this survey please let us know. When I needed to indefinitely postpone my move, they kept all the information about how much furniture I had on . in Political Science from Colgate University. in Political Science from Vanderbilt University and his J.D. 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. from Baylor University in Waco, Texas. She serves as Senior Vice President and Managing Director of Tax Administration. 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. We provide continuity to ensure that beneficiaries have a reliable trustee and someone to turn to throughout the duration of the trust, Qualified personal residence trusts (QPRTs). Rachel is involved with the Pencil Foundation for Metro Nashville Public Schools literacy program, where she works with elementary students to help them improve their reading comprehension and writing skills. Yes, we have a team that focuses on the administration of illiquid assets held in trust. Tenisha received her masters degree from Ohio University and B.S. Prior to joining Cumberland Trust, she was a Trust Officer at First Tennessee providing account and administration support to families in the areas of personal trust, employee benefits, and investment management. Previously, Zandra worked in retail management. Elsie currently serves as a Business Development Associate in Atlanta, assisting in the onboarding of new trust and estate accounts for families 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. Tennessee - Cumberland Trust in International Studies and French from Rhodes College in Memphis. . Alex Gillott has been with Cumberland Trust since 2013. Natalicia Hosseinzadeh joined the Cumberland Trust team in 2018. With a connected team of 120+ experts at your service in 10 offices nationwide. 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. While attending college, she served as a member of the executive student government and assisted University Admissions in the recruitment of prospective students. Meredith Harville joined Cumberland Trust as a Trust Administrator in 2021. Prior to that, she held an integral role as manager within Cumberland Trusts Personal Trust Administration team, with a specialized focus on relationships with high-net-worth families. In this role, Beth works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. so is each estate left behind. Sara Kate Nash joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. She has also taught Money Matters classes at the Boys & Girls Club of Lansing in Lansing, Michigan. She received her J.D. Jared received a B.S. Harriet White joined the Cumberland Trust team in 2012. Prior to joining Cumberland Trust, Millie served as an Associate Wealth Advisor at Truxton Trust, providing sophisticated and personalized wealth management services. Assistant Vice President & Account Transfer Manager. Contact Us; Quick Links. Vice President & Director, Estate Administration. 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. Elizabeth holds a B.A. in finance from Auburn University. Fee Schedule - Effective July 2021. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. from Belmont University College of Law. TRUST MANAGEMENT FEE MARKET VALUE OF ASSETS ANNUAL FEE First $1 Million 1.20% Next $4 Million .95% Next $5 Million .65% . 19 reviews of Cumberland Park Apartments "I lived in Cumberland Park for approximately 7 months during an internship. Senior Vice President & Managing Director, Tax. A lack of planning during life can leave familieswhile grappling with griefnavigating the probate system, inheritance taxes, and other complex issues. Millie Adams joined Cumberland Trust as a Trust Officer in 2022. A Trustee doesn't have to be a person - you can appoint a bank or professional wealth management company as Trustee if you want to. Prior to joining Cumberland Trust, Wendy worked for 28 years as a licensed insurance agent for Buschbach Insurance Agency in Illinois. Emily holds a B.S. Gina holds a B.S. So that provides a floor on what people can offer.. 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. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. Welcome To The Cumberland Land Trust Home Page! She was formerly the Head Girls Varsity Tennis Coach at Ensworth High School for the 2017-2020 seasons and now coaches independently from a private court in West Meade. Corporate Secretary, Senior Vice President & Managing Director, Compliance and Audit. There are very specific things that every trust has to do, and everything else is extra.. from Western Kentucky University in Bowling Green, Kentucky. 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, Lauren worked at Franklin Synergy Bank as a Trust and Wealth Management Associate providing support to financial advisors with client onboarding and relationship management. The Grantor is the creator of the trust. He is past President of the following organizations: the Estate Planning Council of Nashville, the Tennessee Bankers Association Trust Division, and the Planned Giving Council of Nashville. cumberland trust fee schedulesan juan airport restaurants hours. Tenisha Clausi joined the Cumberland Trust team in 2013. in Business Administration from Belmont University and an M.B.A. from the Jack C. Massey School of Business at Belmont University. 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). Endowed Fund Administrative Fee Schedule - cumberlandcf.org Michelle Femino joined Cumberland Trust as a Trust Specialist in 2022. She is a part of the Young Leaders Council, Class 74. in Political Science from the College of Charleston and serves on the Committee for Institutional Advancement for the Tennessee Performing Arts Center. 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 in Communication Studies with an emphasis in Public Communications from Marshall University in Huntington, West Virginia. In this role, Millie works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. As a Trust Administrator and collaborative member of the Personal Trust Administration team, Mary Elizabeth provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. . Phillip assists in the administration of post-mortem estates and works with clients and beneficiaries to understand the steps of the estate process. Fees charged by outside investment managers are separate and apart from the fees payable under this schedule. April is also a graduate of ABA Trust School, as well as Cannons Unique and Hard to Value Assets School. She has particular expertise in tax and estate planning involving real estate, closely held business entities and planning for a family member with a disability (Special Needs Planning). A qualified executor must have good business sense, understand the complexities of the various laws of taxation and administration that apply to an estate, provide detailed record keeping, and provide timely and consistent communication. Specialized Knowledge and Focused Administration, Conveniently Headquartered in Trust-Friendly Tennessee. 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. Dayton Hale joined Cumberland Trust in 2013 as a Trust Officer for special assets. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. 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. Prior to joining Cumberland Trust, she worked as a Branch Manager with SunTrust Bank in Nashville, TN. Do you want to learn more about personalized trust and estate services? Lindsay Hardin joined the Cumberland Trust team in 2015.

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