A Certified Trust and Fiduciary Advisor (CTFA), Lisa holds a Bachelor of Arts and Science degree in interdisciplinary studies from the University of Missouri. 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. The grantor retains rights over the trust and may change or revoke the trust at any time. He specializes in guiding high-net-worth individuals and families through the administration and management of personal trusts and foundations. Senior Vice President & Director, Business Continuity & Information Security. She supports the estate administration team, providing care and attention to estate and post-mortem trust clients. 2021 Cumberland Trust. 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. 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. Previously, Caitlyn worked as an associate manager at Tumi Inc. and, before that, as an Intern for House Representative Jim Cooper. 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. Prior to joining Cumberland Trust, he worked as the Amateur Hockey and Fan Development Coordinator for the Nashville Predators. What is a Directed Trustee? A Last Will and Testament is perhaps the primary document that comes to mind when most people think of estate planning. The Tennessee Investment Services Act, passed in 2007, allows the creator of a trust to place assets in a Tennessee Investment Services Trust, also known as a self-settled or asset protection trust, to protect them from future lawsuits, creditors, and other predators. In this role, she works closely with external and internal auditors, while focusing on Fiduciary Compliance, Corporate Compliance, and Regulatory Compliance. Prior to joining Cumberland Trust in 2021, Lisa was a senior director and business manager with TIAA, working with their private asset management group. 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. 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. $10.00. Help beneficiaries avoid the unnecessary expenses ofprobate. Meg holds an A.B. Sara Speidel joined the administration team at Cumberland Trust in 2007. Account minimums tend to be relatively lowWealth Advisors Trust and Santa Fe Trust can theoretically start a trust with as little as $1but expenses can be a little higher to cover the fixed cost of administering these tiny trusts. We dont take a trust that isnt going to be profitable, she told me. Some select this option to avoid a lengthy probate process and protect the privacy of the grantor and beneficiaries of the trust. Site by Circa Creative Studios. Early on, she developed the Special Needs Trust group, serving the needs of client family members with disabilities. In this role, Chase focuses on Cumberland Trusts corporate operations. Ensure that government assistance continues while the basic level of care is supplemented for a child with specialneeds. She also works with the compliance department to help ensure that accounts are opened and documented accurately. in Business Administration from Belmont University and an M.B.A. from the Jack C. Massey School of Business at Belmont University. OUR TRUST PHILOSOPHY What We Do Independent Trust and Estate Administration Expert guidance, proactive education, and hands on services to support you, your family, your assets, and your estate. Jody joined the Cumberland Trust team in 2010. Assistant Vice President & Special Assets Officer. He holds a B.B.A. $10. Hitting the sweet spot is part art, part science, he explains. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Meredith focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. 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. It is our duty to treat all beneficiaries objectively and impartially. At Cumberlands start, Michelle, a Trust Officer, helped to establish the open architecture platform that focuses on helping families and forming partnerships with advisors. Our mission is to preserve the natural resources of Cumberland for present and future generations by preserving land for open space. 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, he was a Financial Consultant at Fidelity Investments in Chesterfield, Missouri. Rebecca has participated in the Memphis Business Journal Table of Experts panel conversations. Request Information Schedule A Visit You're ready for this. Accountability. Susan earned a B.A. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Prior to joining Cumberland Trust, Avery was an associate attorney at Brazil Clark, PLLC and worked as an Investment Advisor at Valor Financial Services. Lorena Suarez joined the Cumberland Trust administration team in 2014. We typically apply the Total Rate of Return concept so that both current and future beneficiaries interests are considered. Michelle holds a bachelors degree in Education from Aquinas College. On the legal team, as Vice President and Fiduciary Counsel, Caroline reviews and drafts documents relating to trust and estate accounts. Growth Permit Application - Fillable. Chris is a chartered Financial Analyst (CFA) and Certified Trust and Financial Advisor (CTFA). (Really big clients get institutional-strength discounts. Prior to joining Cumberland, he also worked as a law clerk for Stites and Harbison, PLLC in Franklin, Tennessee. Our trustee fee schedule forces us to be effective and mindful. As Cumberland Trust grew, Michelle developed the blueprint for expansion into regional markets and she worked to open our nine regional offices. Source: Websites and telephone interviews. Tenisha specializes in providing attentive and professional service to her clients. In his leisure time Tim enjoys reading and crafting heirloom, hardwood rocking chairs for adults and children. Amanda Laginess joined the Cumberland Trust team in 2020. All rights reserved. As a student, Hannah played all four years on the Division 1 tennis team, and was captain for two years. Meg Cressman joined the Cumberland Trust team in 2022 as Vice President, Compliance and Audit Officer. Home - Cumberland Trust We are a family-focused independent trust company. Lindsay earned a B.A. Vice President & Director, Special Asset Administration. As Vice President and Trust Officer, Sara manages personal trust relationships. Emily holds a B.S. While attending college, she interned with a commercial real estate investment firm. Vice President, Director of Human Resources. Caroline is a regular speaker for industry events nationwide and has been a guest of the Wealth Matters radio show. She earned a J.D. Leslie is a member of the Tennessee Bar Association and is licensed to practice law in Tennessee. All rights reserved. She earned an MBA and B.S. 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. 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. In this role, Millie works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. Vice President & Trust Officer, Administration Manager. Zandra serves as a Senior Business Development Associate. A corporate executor, with many on-staff professionals, is always available. Do you want to learn more about personalized trust and estate services? 1 Courthouse Square Carlisle, PA 17013. She was awarded the Certified Trust and Financial Advisor designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. Bonnie Parrish joined Cumberland Trust in 2017. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. Mr. Presley is a licensed attorney and Certified Trust and Financial Advisor (CTFA). She focuses on delivering responsive and personalized trust administration services. She was awarded the Certified Trust and Financial Advisor designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Senior Vice President & Managing Director, Tax Administration. We are located in one of the most trust-friendly states, giving our clients and their assets access to very favorable trust laws. But beyond that level, technology keeps improving and letting efficient trust companies bring down their overall cost proposition. Alex has three years of banking experience prior to joining Cumberland Trust, most recently working at First Tennessee Bank. Site by Circa Creative Studios, Conveniently Headquartered in Trust-Friendly Tennessee. Bob and his wife Jodi have two adult sons, and they live in the Fort Myers, Florida area. She serves as Assistant Vice President and Trust Officer. Rachel is licensed to practice law in Tennessee. Jessica Kopperud joined the Cumberland Trust team in 2018. As Assistant Vice President and Compliance Officer, Harriet ensures that accounts are opened or closed and documented accurately. Others decide what your client will pay when the business is placed on the table. C. Runcie Clements, IV joined Cumberland Trust and Investment Company in 2002 and serves as Chief Legal Officer and General Counsel. in Financial Management & Financial Planning from Western Kentucky University (Summa Cum Laude). Previously, Mr. Presley served as Chairman, President, and CEO and as President and Chief Operating Officer of Cumberland Trust. An essential planning tool, a will dictates distribution of your assets from your estate to surviving family members, friends, or favored charitable organizations. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Most of the people I talked to say the cost of running a trust has already gone about as low as it can go. Previously, he served as Regional Sales Manager at Scottrade/TD Ameritrade. Beth holds a bachelors degree in Mass Communications with minors in Political Science and English from Middle Tennessee State University. Dayton received his B.A. Choosing Cumberland Trust provides the peace of mind that comes from knowing you will have a qualified, caring, and independent corporate executor or trustee. Before that, she was Vice President in the Custody Income Operations department (Global Securities Services) at Deutsche Bank/State Street in Nashville. unit 3: personal and business finance grade boundaries. We focus solely on trust and estate administration so that financial advisors, accountants, and attorneys can focus on what they do best. ", Maybe $2,500, he conceded. Plan, preserve, and protect your legacy for generationstocome. 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. Families can feel assured knowing their loved ones will be looked after when theyre gone, and that their legacy will have a lasting impact. so is each estate left behind. in Education from Middle Tennessee State University and a Paralegal Certification from Southeastern Paralegal Institute in Nashville, Tennessee. Business Started Locally: Knowledge and experience to navigate complex, hard-to-value, illiquid assets. The access fee is considered a cash fee, therefore institutional aid and outside scholarships are not allowed to be used as payment. Previously, she served as Vice President, Trust Advisor at SunTrust Investment Co. handling Trust Administration for their private wealth management department. Mary Elizabeth holds a Bachelor of Business Administration (BBA) degree in Finance and a secondary degree in Music Business from Belmont University in Nashville. Tennessee is one of only three states that allow community property trusts. Previously, Sloan was with Polo Ralph Lauren Corporation for 14 years, serving in many capacities, including Director of Operations for the company. Shelly Donaldson serves as the Vice President and Business Development Officer based in Cumberland Trusts Atlanta office. Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. This document allows the trust creator or grantor to place selected assets in trust. County of Cumberland, Pennsylvania. The Uniform Trust Code, passed in 2004, provides a comprehensive set of laws that allow a trust to be administered very efficiently and effectively. Rachel Fuqua joined the Estate Administration team as a Trust Officer in 2015. in Business/Management from the University of Phoenix. Meredith graduated from Boise State University in Boise, Idaho with a bachelors degree in Business Administration. She builds client relationships by providing proactive, high quality service to clients and their legal, financial, and tax advisors. Previously, Greg worked in human resources and in youth sports. Services are intended to be all-inclusive. Kailey McCann joined Cumberland Trust as a Business Development Associate in 2022. Location of This Business. Cumberland County - Tennessee. A healthcare or financial power of attorney can give the individual(s) you select the authority to make healthcare and financial decisions on your behalf in case you become incapacitated. If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply. All rights reserved. She serves as a Business Development Associate overseeing the onboarding of new business opportunities. Vice President & Director, Estate Administration. Jared received a B.S. google hiring committee rejection rate. Donna Wooden brings an extensive background in customer support, project coordination, and office administration to the estate team. He also works with the compliance department to help ensure that accounts are opened and documented accurately. One of our co-founders is a former insurance actuary (e.g. Protect assets from future lawsuits, creditors, ordivorce. Definition of a Corporate Trustee 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 Alternatively, advance directives (e.g., a living will or do-not-resuscitate (DNR)) help guide the specific decisions of doctors and caregivers if you become incapacitated and incapable of expressing your wishes regarding your medical treatment. 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. 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. Melissa Murray joined the Cumberland Trust Special Needs Trust Administration team in 2021. Prior to joining Cumberland Trust, Heather worked as Vice President and Trust Officer in the Knoxville area for GreenBank, serving as a relationship manager for trusts, agencies, IRAs, endowments and other institutional accounts throughout East Tennessee and Southern Kentucky. Financial advisors, accountants, and attorneys need a collaborative, non-competitive trust solution for their clients. Based on the west coast of Florida, Bob regularly frequents the major markets across the state. 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. Vice President & Director, Legal, Senior Fiduciary Counsel. Jennie holds a B.S. Fee Schedule Fee Schedule The Recorder's Office accepts the following payment methods: Checks* - Checks should be made payable to "Recorder of Deeds". David holds a bachelors degree in economics with a minor in business finance from Sewanee: The University of the South, Sewanee, Tennessee. Tennessee continues to distinguish itself as a desirable state for trusts, and new legislation maintains this advantage. Corporate Secretary, Senior Vice President & Managing Director, Compliance and Audit. Previously, Carla worked in Cumberland Trusts personal trust administration and tax divisions. In her role as Assistant Vice President and Trust Officer, Katrina works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Jennie Renwick joined Cumberland Trust in 2021 and serves as a Vice President and Trust Officer. TRUST MANAGEMENT FEE MARKET VALUE OF ASSETS ANNUAL FEE First $1 Million 1.20% Next $4 Million .95% Next $5 Million .65% . Some firms work strictly from a rate card. Prior to joining Cumberland Trust, Riley worked as an Operations Analyst at UBS Financial. Sara Kate holds a B.A in Journalism and English with a minor in French from Indiana University Bloomington. 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. Katrina focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Outside of work, Eloise enjoys volunteering within the community and spending time with friends and family. CAREERS & OUR CULTURE Joseph K. Presley 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.