In this role, Dan works closely with external and internal auditors, while managing a team focused on Fiduciary Compliance, Corporate Compliance, Regulatory Compliance, Audit, and Account Transfer. She received her Masters degree in Management from Embry-Riddle Aeronautical University. in Corporate Management and Marketing from Lipscomb University. Establishing a trust is not merely a plan to minimize taxes. He is a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. 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). 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. Scott Martin, contributing editor, The Trust Advisor. Previously, she practiced estate planning and probate law in Cincinnati, Ohio, working closely with the trust department of a local bank. Previously, Matt Co-Chaired the Paul E. Skeens Scramble for HELP, a golf event that helped raise proceeds for scholarships for need-based, learning-disabled students at Marshall University. Plan, preserve, and protect your legacy for generationstocome. All rights reserved. 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. While attending college, she served as a member of the executive student government and assisted University Admissions in the recruitment of prospective students. Senior Vice President & Managing Director, Trust Administration, Vice President & Director, Personal Trust Administration, Vice President & Trust Officer, Administration Manager. She also works with the compliance department to help ensure that accounts are opened and documented accurately. Previously, Mr. Presley served as Chairman, President, and CEO and as President and Chief Operating Officer of Cumberland Trust. She oversees the Special Needs Trust Administration department and manages a growing team of trust officers, administrators, and specialists focused on providing excellent client service. Outside of work, Stephen enjoys supporting charitable organizations that help raise funds for various non-profits, such as the USO. He is a First Lieutenant in the U.S. Army JAG Corps, Reserve Component. Additionally, she has experience working with Cumberland Trusts legal team. An outside scholarship may cover the access fee only if the scholarship provider submits to the Office of Financial Aid a written statement that stipulates the scholarship . She has extensive knowledge in the preparation and review of legal correspondence and compliance documents. As a collaborative member of the Personal Trust Administration team, Lauren provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. in Business Administration and Economics from Rhodes College in Memphis and an M.B.A. in Finance and Marketing from Indiana University. She received her J.D. But at that level, its going to be very difficult to stay in the business.. legislation was enacted in 2013 that encourages the use of trust advisors and trust protectors to assist in the management of a trust. 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. Highway Opening Permit Application. Outside of work, Bonnie enjoys volunteering at Grace Works and One Generation Away. 2021 Cumberland Trust. Yes, we have a team that focuses on the administration of illiquid assets held in trust. He received a J.D. 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. She also managed the Private Client Services department at Advisory Trust Company in Phoenix, Arizona, and as a senior private client fiduciary advisor cultivated relationships with advisors, administrative support staff, and other professionals while working at their office location in Wilmington, Delaware. An estate or post-mortem trust must be administered carefully, often considering a broad range of assets, specific wishes of the testator, and unique personalities of the beneficiaries. in Business Administration from Middle Tennessee State University. 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. Prior to joining Cumberland Trust, Wendy worked for 28 years as a licensed insurance agent for Buschbach Insurance Agency in Illinois. 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. Learn more to protect yourself and avoid falling victim. Vice President & Director, Personal Trust Administration. Prior to Cumberland Trust, Sara worked at a Maryland title company and has experience with title searches, deeds and other loan documentation. She assists in the onboarding of new Cumberland Trust clients and their advisors, providing attentive support during times of change. Remainder beneficiaries are those beneficiaries that succeed the interest of the current beneficiaries. Prior to joining Cumberland Trust, Melissa worked as a Trust Officer at Riverview Trust Company in Vancouver, Washington. These corporate trustees can charge an annual fee of 0.5% to 2% of the trust's assets, in addition to requiring a minimum. Some wills can establish trusts for asset protection purposes or determine guardianship of minor children in the event of both parents death. Alex Walker joined the Cumberland Trust administration team in in 2017. 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. But there are a lot of vendors out there that are happy to offload the investment responsibilities and knock a bit off their fees in return. Alex is licensed to practice law in Tennessee. Help beneficiaries avoid the unnecessary expenses ofprobate. Please contact the Admissions Office at 615-547-1246 locally or 800-467-0562 to speak with your Enrollment Specialist or email admissions@cumberland.edu. Mr. Clements heads up a legal team, made up of attorneys, compliance officers, and specialists. Each relationship manager is part of a team, so there will always be someone available who is familiar with the account. Choosing Cumberland Trust provides the peace of mind that comes from knowing you will have a qualified, caring, and independent corporate executor or trustee. At Cumberlands start, Michelle, a Trust Officer, helped to establish the open architecture platform that focuses on helping families and forming partnerships with advisors. All rights reserved. Sara Kate holds a B.A in Journalism and English with a minor in French from Indiana University Bloomington. 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. Layla has extensive experience in due diligence, contracting, and compliance. As Cumberland Trust grew, Michelle developed the blueprint for expansion into regional markets and she worked to open our nine regional offices. Vice President & Director, Special Needs Trust Administration. Republic Centre, Suite 1540 Shelby Carpenter began work at Cumberland Trust in 2016. Shelly Donaldson serves as the Vice President and Business Development Officer based in Cumberland Trusts Atlanta office. Vice President & Director, Special Asset Administration. In this role, Ryan works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. in Advertising Management with a Minor in Organizational Leadership from Michigan State University. She received a professional certification in software programming from The University of Texas at Austin. Senior Vice President & Managing Director, Business Development. Elly Hutchings joined the Cumberland Trust team in 2015. This document allows the trust creator or grantor to place selected assets in trust. Northern Trust doesnt publish its fee scale, but president Dan Lindley was kind enough to give The Trust Advisor a peek. in History of Art and Architecture from the University of Reading in England. Our trustee fee schedule forces us to be effective and mindful. It all depends on the size of account theyre courting and what makes economic sense, Christopher Holtby, president of Wealth Advisors Trust Company, told me. 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. (with honors) from the University of Arkansas, Little Rock. Jessica serves on the board of The Womens Fund, an endowment fund within The Community Foundation of Middle Tennessee. Alex serves as Assistant Vice President and Trust Officer in the personal trust administration division. Lisa has been recognized for her work and accomplishments in the trusts and estates industry. 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. For 35+ pages, please contact the County Clerk's office at (304) 264-1927. Control is non-issue. Jessica holds a B.S in Marketing from Indiana University and an MBA from Belmont Universitys Massey Graduate School of Business. in Business Management (Deans list & OVC Commissioners Honor Roll). . Vice President & Director, Estate Administration. There is a 2.25% convenience fee with a minimum fee of $2.50 per transaction to the filer Avery focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. She serves as Corporate Events and Strategy Associate, supporting the marketing and strategy teams in growing Cumberland Trusts reach across the country. Andrew Serpico joined Cumberland Trust as a Trust Specialist in 2021. The announcement comes as Cumberland Trust recently reached $5 billion in assets under administration. Previously, she practiced Entertainment Law and Labor and Employment Litigation. (Really big clients get institutional-strength discounts. Interpretation Appeal Application - Fillable. Constant availability. 2021 Cumberland Trust. Caroline received a B.A. As a collaborative member of the Personal Trust Administration team, Eloise provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. He also holds a Six Sigma Yellow Belt certification. He advises the company on trust and estate administration, special assets administration, fiduciary compliance and corporate governance matters. Douglas earned a B.S. He has held internships with Davos Investment Group, performing macroeconomic and market research; as well as Vault Investment Properties, working with real estate investment. All rights reserved. In this role, Robert works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. overpaid mortgage interest refund. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. Prior to joining Cumberland Trust, Mr. Presley served as Senior Vice President and Head of Personal Trust Services for SunTrust Bank where he presided over the personal trust administration, estate settlement, tax, trust real estate, sales, and endowment/foundations divisions. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. Specialized expertise combined with care and compassion for your family. what lottery has the best odds in ontario; dora dolphin birthday; shooting rest for hunting; cool military callsigns; A series of fortunate events July 20, 2020. Andrea holds a B.A. This legislation allows all of the trust creators top advisors to be involved in the trust management. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Jennie holds a B.S. McGarrity earned a B.S. Previously, Lori served as Senior Vice President and Managing Director of Corporate Strategy. In his role as Vice President and Fiduciary Counsel, Stephen reviews and drafts documents relating to trust and estate accounts. 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. from Indiana University Maurer School of Law and is licensed to practice law in Tennessee. Conveniently Headquartered in Trust-Friendly Tennessee. Previously, she worked for seven years as a Registered Sales Assistant with a financial advisory firm. 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. from the University of Arkansas School of Law and holds her LL.M. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. Meredith Harville joined Cumberland Trust as a Trust Administrator in 2021. She currently volunteers with CASA, which advocates for children who are in the foster care system seeking permanent homes. All rights reserved. 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. Wendy Maynard joined the Cumberland Trust Asset Transfer team in 2021 as an Asset Transfer Specialist. 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. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. (magna cum laude) in Public Relations and a B.S. BBB File Opened: 2/19/2004. Instead, a trust helps to ensure your assetsthe ones that youve worked so hard to buildare distributed in the time frame and manner you desire. 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. Outside of work, Sarah enjoys spending time with friends and family. Outside of work, Avery enjoys volunteering as an assistant basketball coach. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. One of the resulting benefits. Blattmachr says low-end players can use technology to better serve the mass market. The Uniform Trust Code, passed in 2004, provides a comprehensive set of laws that allow a trust to be administered very efficiently and effectively. (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. She also manages a growing team of Special Assets Administration professionals providing specialized administration of these complex trust assets. Assistant Vice President & Marketing Manager. Full-Time. Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. cumberland trust fee schedule. in Education from Middle Tennessee State University and a Paralegal Certification from Southeastern Paralegal Institute in Nashville, Tennessee. degree in Corporate Finance from the University of Alabama. Elizabeth Kaegi joined the Cumberland Trust legal team in 2021 and serves as Fiduciary Counsel. Years in Business: 22. Business Started: 1/1/2001. She received a J.D. She received her J.D. from Vanderbilt University. Our team is experienced in handling specialized trusts, illiquid assets, and navigating complex family dynamics with diplomacy and respect. 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. Bonnie Parrish joined Cumberland Trust in 2017. In this role, Matt works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Over her tenure at Cumberland, she has gained a broad knowledge of the trust industry and has worked with a variety of trust types and circumstances. Tim McCoy joined Cumberland Trust in 2022 as a Trust Officer on the Special Needs Trust Administration team. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Additional fees may apply for special services. Families can feel assured knowing their loved ones will be looked after when theyre gone, and that their legacy will have a lasting impact. from the Cumberland School of Law at Samford University in Birmingham, Alabama. An avid supporter of the visual and performing arts, Mr. Presley has served as board member, vice-chair, and treasurer for the Nashville Symphony; board member and finance committee member for Cheekwood; board member, vice-chair, and head of public arts for Nashville for the Metro Arts Commission; and currently as board member of the Arts & Business Council. She has eight years of customer service experience. in Finance from the Middle Tennessee State University. Additionally, he is on the Board of Directors of the Center for Living and Learning and on the Advisory Board for Men of Valor. Meg is licensed to practice law in Tennessee. Bid Notifications. 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. This definitive guide on cost efficient trustee fees will pull back the curtains on what corporate trustees do and how they charge their fees. Assistant Vice President & Account Transfer Manager. Matt focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Lisa Tesar is a vice president and business development officer based in Cumberland Trusts St. Louis office. Creates engaging experiences that inspire conservation action. Rachel Fuqua joined the Estate Administration team as a Trust Officer in 2015. Prior to joining Cumberland Trust, Shelly founded The Donaldson Law Firm following experience at other firms including Lefkoff, Duncan, Grimes, McSwain & Hass, P.C. 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. As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. Deed Of Trust. 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. Home - Cumberland Trust We are a family-focused independent trust company. In this role, Meredith works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. in Political Science from Vanderbilt University and his J.D. Interpretation Appeal Application. Kathy Roberts of Santa Fe Trust agrees. Financial advisors, accountants, and attorneys need a collaborative, non-competitive trust solution for their clients. Outside of work, he enjoys volunteering with the North American Versatile Hunting Dog Association (NAVHDA). The access fee is considered a cash fee, therefore institutional aid and outside scholarships are not allowed to be used as payment. Explore North Carolina's counties for court services and information, such as courthouse locations, jury service, contacts, and more. Mr. Presley holds a B.A. Sarah holds a bachelors degree in Finance from Washington State University. 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. A corporate executor or co-executor can be especially helpful when modern family dynamics may be involved. How Can They Provide Better Service to Families? As Chief Fiduciary Officer, Chris oversees the day-to-day management of the entire Administration team, which includes Personal Trust Administration, Special Needs Trust Administration, and Estate Administration. His prior experience includes serving as Trust Operations Manager for First American National Bank and as a Registered Principal with Summit Brokerage Services. We understand that flexibility and choice are important when it comes to selecting an investment manager.
