cumberland trust fee schedule

Katelynn Novak joined Cumberland Trust as a Trust Specialist in 2021. Alex serves as Assistant Vice President and Trust Officer in the personal trust administration division. Haley Tucker joined the Cumberland Trust team in 2019. Through collaboration with our Trust and Estate Administration team members, she provides a high level of expertise to her clients. All rights reserved. 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. Vice President & Manager, Business Development Associate. . 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. Previously, she served for ten years as a paralegal and raised her three, now grown, children. Prior to Cumberland Trust, Sara worked at a Maryland title company and has experience with title searches, deeds and other loan documentation. Ryan earned a Bachelor of Business Administration degree (B.B.A.) Source: Websites and telephone interviews. The beneficiaries of the trust must be clearly identified or ascertainable. As Trust Officer in personal trust administration, Laura focuses on providing a high quality of service to clients. Site by Circa Creative Studios. Phillip assists in the administration of post-mortem estates and works with clients and beneficiaries to understand the steps of the estate process. As Peak Trust founder Douglas Blattmachr told me, its pointless to advertise how much a generic offering would cost when the fact is that at this level, one size fits none. This legislation allows all of the trust creators top advisors to be involved in the trust management. The Tennessee asset protection trust is available to anyone in the country as long as a qualified trustee is a resident of Tennessee or a Tennessee-based trust institution. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. 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. Lisa brings a wealth of experience to the Cumberland Trust team. 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. She focuses on being responsive, attentive, and understanding to build relationships with the clients and families she serves. For a client with that kind of wealth, the $20,000 translates into at most 40 basis points a yearpretty low by industry standards. Debbie has 32 years of experience in the trusts and estates industry. from the Cumberland School of Law at Samford University in Birmingham, Alabama. Cumberland Town Hall, 290 Tuttle Road, Cumberland, ME 04021, (207) 829-5559 Email Us Hours: Monday-Wednesday: 8am-5pm, Thursday: 8am-6pm, Friday: CLOSED. Impact Fee for Recreational Facilities & Open Space Impact Fee Ordinance. from Belmont University College of Law. from Belmont University College of Law in Nashville. In these roles, Robin helped families find solutions to support their loved ones diagnosed with dementia and Alzheimers disease. Katrina focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. He has held internships with Davos Investment Group, performing macroeconomic and market research; as well as Vault Investment Properties, working with real estate investment. 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. Fee Schedule Fee Schedule The Recorder's Office accepts the following payment methods: Checks* - Checks should be made payable to "Recorder of Deeds". Caroline is a member of the Tennessee Bar Association, Nashville Bar Association, and the Estate Planning Council of Middle Tennessee. Previously, Lori served as Senior Vice President and Managing Director of Corporate Strategy. in Economics and Finance from Baylor University in Waco, Texas. Dan holds a B.S. Additionally, at Belmont, Mary Elizabeth was involved in many organizations, assisting with the recruitment of new students, and maintaining the schools relationship with alumni and board members. Prior to joining Cumberland Trust, Avery was an associate attorney at Brazil Clark, PLLC and worked as an Investment Advisor at Valor Financial Services. All other documents. Prior to law school, Jared served as a Supply Chain Analyst with General Electric. Rebecca Halvorson joined Cumberland Trust in 2010. Full-Time. Prior to joining Cumberland Trust, she served as the founding Director of Operations for a Middle Tennessee anti-human trafficking nonprofit organization. 633 Chestnut Street In many cases, the principal of the trust is distributed to remainder beneficiaries. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. She is a member of the Knoxville Estate Planning Council and the Institute of Certified Bankers. Decanting is a process whereby assets from an irrevocable trust are moved to a new irrevocable trust with updated provisions. Tenisha Clausi joined the Cumberland Trust team in 2013. Robert holds a B.S. Senior Vice President & Managing Director, Trust Administration. As Vice President, Trust Officer, and Administration Manager, she is responsible for high net worth personal trust relationship management and account administration. 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. She specializes in delivering a range of customized trust solutions to best serve each client. 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. Our advisor-friendly commitment assures families receive superior service. Rachel is licensed to practice law in Tennessee. Laura specializes in administration with distinctive care services, an extra level of support for clients. Rachel holds a B.A. Adriana holds 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. Telephone: (703) 528-7994 Email: TrustServices@Presidential.com . Conveniently Headquartered in Trust-Friendly Tennessee. 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. As Assistant Vice President and Trust Officer in Personal Trust Administration, Lauren works with clients on day-to-day needs while also focusing on longer-term trust administration goals. Republic Centre, Suite 1540 Additionally, he manages a growing team of personal trust officers, administrators, and specialists. Prior to joining Cumberland Trust, Owen was a Trust Associate with Pendleton Square Trust Company in Nashville, Tennessee. Sharon is a registered CPA in Arkansas and is licensed to practice law in both Arkansas and Tennessee. Companies like Wealth Advisors Trust, Advisory Trust and Santa Fe Trust, cater exclusively to investment advisors looking for a place to refer their clients who need to open a trust. Rebecca holds a B.A. 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. 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. Plan, preserve, and protect your legacy for generationstocome. Wealth Advisors Trust Co. trustee fee schedule rests on hourly, fixed and percentage of assets. Andrew Serpico joined Cumberland Trust as a Trust Specialist in 2021. Avery Oaks joined Cumberland Trust as a Trust Officer in 2022. As Assistant Vice President and Trust Officer, Kimberly is responsible for personal trust administration and relationship management, providing attentive service to clients and their legal, financial, and tax advisors. This definitive guide on cost efficient trustee fees will pull back the curtains on what corporate trustees do and how they charge their fees. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. What is new at CU 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). Trustee fees are the payments that'll be made to your appointed Trustee in exchange for the service they'll provide as they fulfill their duties in the role. Northern Trust doesnt publish its fee scale, but president Dan Lindley was kind enough to give The Trust Advisor a peek. The Cumberland Land Trust is a private, non-profit, charitable, conservation organization run by a dedicated group of volunteers. 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. At an annual fee of 75 basis points, this suggests that a trust really needs to have more than around $533,000 in it to earn out that $4,000 minimum fee. Previously, he served as Regional Sales Manager at Scottrade/TD Ameritrade. $3.00 will be charged for each distribution . In this role, Sarah collaborates with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. She holds a B.B.A. 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. Prior to joining Cumberland Trust, Gina spent nine years with Merrill Lynch Insurance Group focusing on estate planning through life insurance. He holds a B.B.A. His prior experience includes serving as Trust Operations Manager for First American National Bank and as a Registered Principal with Summit Brokerage Services. Douglas earned a B.S. Additionally, she has worked with Life Crisis Services and the Incarnate Word Hospital. All rights reserved. The Trust owns the assets and Texas Bank manages the assets for the benefit of specified persons or organizations.TRUSTS UNDER AN AGREEMENT TRUSTS UNDER A WILLFirst $500,000 1.000%Next $500,000 0.800%Next $1,000,000 0.700%Amounts over $2,000,000 0.600%Minimum Fee $1,000LIFE INSURANCE TRUSTS Life Insurance Trusts are trusts that She assists in the onboarding of new Cumberland Trust clients and their advisors, providing attentive support during times of change. Mr. Presley is a licensed attorney and Certified Trust and Financial Advisor (CTFA). No products in the cart. If an individual is named to settle your estate, that person could become sick, injured, or have other personal or business interests interfere at a time when his or her presence is crucial. His focus is on ensuring clients receive the supplemental care and support they need in a timely, professional, and friendly manner. Scott Martin, contributing editor, The Trust Advisor. Cumberland Trust has provided professional, comprehensive estate settlement services for many years throughout the geographic regions where we serve. Previously, Leslie served as a trust officer, overseeing trust account management and administration. Our mission is to preserve the natural resources of Cumberland for present and future generations by preserving land for open space. Tenisha specializes in providing attentive and professional service to her clients. 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. Throughout her time at Belmont, she held internships focusing on account and business management. in Art History with a minor in French from Sewanee: The University of the South in Sewanee, Tennessee. Additionally, she manages the growing legal team. Ryan Russell joined Cumberland Trust as a Trust Officer in 2022. 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. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Highway Opening Permit Application. Specialized expertise combined with care and compassion for your family. In his role, Jody administers personal trusts, providing responsive service to our clients and their external advisors. Ensure that government assistance continues while the basic level of care is supplemented for a child with specialneeds. Prior to joining Cumberland Trust, she worked as a Customer Service Representative with State Farm. Others on our list (Advisory Trust, Reliance, Saturna, New Hampshire Trust) justify their minimums at lower levels. Assistant Vice President & Marketing Manager. Amanda is active in the community as an event and herd photographer for Saddle Up! Shelly has been a practicing attorney for most of her career and has 14+ years of experience in estate planning, tax and corporate lawspecializing in estate planning for high-net-worth clients and families. Outside of work, he enjoys volunteering with the Cystic Fibrosis Foundation, traveling, and playing pickleball. In addition to providing the unique expertise required for estate and post-mortem trust administration, we appreciate the importance of expressing compassion, understanding, and consideration toward your family members during a particularly emotional time. The Admissions Office is open Monday through Friday from 8am to 4:30pm CST. Lindsay also has previous experience working as a Music Therapist with a variety of individualsranging from babies in the NICU, children and adults with Special Needs, Seniors, and persons in hospice care. 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 this role, Sara Kate works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. Caitlyn A. Lovell joined the Cumberland Trust team in 2019. Our premier services support families when they need it most, providing guidance, education, peace of mind, respect, and understanding. Previously, he focused on the administration of life insurance trusts. Homeless Trust Fund Fee $5.00 Assignment of Tax Sale Certificate First page $40.00 Each additional page $10.00 Homeless Trust Fund Fee $5.00 Bill of Sale First page $30.00 Each additional page $10.00 Homeless Trust Fund Fee $5.00 Cancellation of Mortgage Each recording $20.00 Homeless Trust Fund Fee $5.00 Certificate of Incorporation in Advertising Management with a Minor in Organizational Leadership from Michigan State University. Douglas Kirkpatrick joined Cumberland Trust in 2009. 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. We are not investment advisors and focus our efforts solely on trust and estate administration. Elly Hutchings joined the Cumberland Trust team in 2015. 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. Here she provided comprehensive investment management and trust services, while representing individuals and families in Texas and Louisiana. Judy serves as Vice President and Trust Officer on the estate administration team. Prior to joining Cumberland Trust, she worked for eight years in Special Education for the Williamson County School District. Previously, she practiced estate planning and probate law in Cincinnati, Ohio, working closely with the trust department of a local bank. fremont hospital deaths; what happened to tropical tidbits; chris herren speaking fee; boracay braids cultural appropriation; cumberland trust fee schedule. She is also a past board member of The Bobby Dodd Institute, a nonprofit that helps individuals living with a disability succeed at work, in the community and in life. As a student, Hannah played all four years on the Division 1 tennis team, and was captain for two years. As Vice President of Corporate Development, Douglas works to expand Cumberland Trusts relationships with families and advisors in the Nashville region. Outside of work, Sarah enjoys spending time with friends and family. Jessica serves on the board of The Womens Fund, an endowment fund within The Community Foundation of Middle Tennessee. Caroline holds a B.A. One of the resulting benefits. She focuses on topics related to family governance structures, succession planning, and working with a corporate trustee. 2021 Cumberland Trust. Caroline L. H. Bradshaw joined the Cumberland Trust team in 2007. Wherever fees go, he says, there are going to be a lot more entrants in the trust service business.. Lisa has been recognized for her work and accomplishments in the trusts and estates industry. As a Business Development Officer, Bob focuses on building relationships with financial advisors, attorneys, and tax professionals throughout the state of Florida. Additionally, she has experience as a sales assistant for a local stock brokerage firm where she was Series 7 and 66 licensed. She builds client relationships by providing proactive, high quality service to clients and their legal, financial, and tax advisors. Kimberly George joined the Cumberland Trust team in 2014. Lisa Tesar is a vice president and business development officer based in Cumberland Trusts St. Louis office. Harriet White joined the Cumberland Trust team in 2012. 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. We typically apply the Total Rate of Return concept so that both current and future beneficiaries interests are considered. Cumberland Trust & Investment Co. is a privately controlled organization and a par See more Address Multiple locations Size Small Founded 2001 CEO Joseph K. Presley Type Company - Private Revenue $5M to $10M Industry Investing Companies Website https://cumberlandtrust.com Similar companies See what companies are similar to Cumberland Trust and MBA from the University of Memphis. Katrina holds a B.S.B.A (magna cum laude) in Marketing with a minor in Hospitality from the University of Central Florida. In this role, Hannah administers personal trust accounts. Millie Adams joined Cumberland Trust as a Trust Officer in 2022. With a connected team of 120+ experts at your service in 10 offices nationwide. Subscribe to receive Cumberland Trust news, resources and insights in your inbox.