We dont take a trust that isnt going to be profitable, she told me. Estate and post-mortem trust administration to honor, support, and carry out your wishes. She enjoys cultivating relationships with her clients while creating and maintaining a plan for their trust that prudently meets their needs and ultimate goals. He is a First Lieutenant in the U.S. Army JAG Corps, Reserve Component. Carla Hale joined Cumberland Trust in 2009. 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. $10.00. Caroline L. H. Bradshaw joined the Cumberland Trust team in 2007. Prior to joining Cumberland Trust, Katelynn worked for several years in Operations within the financial industry. Additionally, he is a member of Estate Planning Council of Middle Tennessee and active member of the University of Tennessee, Knoxville Alumni Association. Agency trust fee schedules are unique as they fall under agency trustee services. The Admissions Office is open Monday through Friday from 8am to 4:30pm CST. Shelby holds a B.S. In this role, she works closely with clients and their families, along with their legal, financial, and tax professional advisors. Plan, preserve, and protect your legacy for generationstocome. Prior to joining Cumberland Trust, Phillip worked as an intern on Capitol Hill for U.S. He holds a B.S. Alex is licensed to practice law in Tennessee. Practical Variance Appeal Application. Chattanooga, TN 37450, Chief Development Officer & Executive Director of Regional Markets, CTFA, Senior Vice President & Business Development Officer, 1000 Ridgeway Loop RoadSuite 105Memphis, TN 38120, Senior Vice President & Managing Director, Corporate Development, 40 Burton Hills BoulevardSuite 300, Burton Hills IVNashville, TN 37215. As Assistant Vice President and Compliance Officer, Harriet ensures that accounts are opened or closed and documented accurately. stickman swing cool math; ufc gym plantation; how to send certified mail with return receipt; bronwydd house porth history Sharons primary responsibilities involve reviewing and preparing documents and considering tax, legal and other compliance issues with regard to Cumberland Trust and its clients. As an independent trust company, we focus on trust and estate administration services, while collaborating withyou. , passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. BBB File Opened: 2/19/2004. Previously, Elsie worked at Mom and Pop Records assisting with artist management and as a youth specialist at the YWCAs Girls, Inc. program. He received his J.D. Plan, preserve, and protect your legacy for generationstocome. Jennie has served on the Board of Directors of Vox Grata since 2017. 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. Andrew Serpico joined Cumberland Trust as a Trust Specialist in 2021. Tennessee continues to distinguish itself as a desirable state for trusts, and new legislation maintains this advantage. He advises the company on trust and estate administration, special assets administration, fiduciary compliance and corporate governance matters. There are companies that charge small accounts less (Nevada's Summit Trust will go as low as $100 a year), but plenty start their fees at $4,000 and up. A corporate executor or co-executor can be especially helpful when modern family dynamics may be involved. No. Assistant Vice President & Marketing Manager. Chris Buckley joined the Cumberland Trust team in 2006. In this role, Stephen collaborates with a team working with unique, illiquid, and hard-to-value assets held in trust. Working with your legal, financial, and tax advisors, we will ensure that assets are collected and properly administered; any obligations are satisfied; and property is distributed to or for the benefit of your heirs. Vice President & Director, Special Needs Trust Administration. 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. In his leisure time Tim enjoys reading and crafting heirloom, hardwood rocking chairs for adults and children. Our relationship managers provide a high level of communication and responsiveness for the clients we serve. Kimberly holds a B.A. As Vice President, Director, and Senior Fiduciary Counsel, Leslie reviews and drafts documents relating to trust accounts. Bonnie Parrish joined Cumberland Trust in 2017. In the event of the grantors incapacity, a revocable trust also dictates who will manage the trust and financial affairs, which could prevent the need for competency hearings and court proceedings to appoint a conservator or guardian of the assets. She holds a B.B.A. In this role, Riley works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. 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. It also reduces capital gains tax implications after the death of one spouse. Cumberland Trust has provided professional, comprehensive estate settlement services for many years throughout the geographic regions where we serve. and M.Ed in Special Education from the College of Charleston. These corporate trustees can charge an annual fee of 0.5% to 2% of the trust's assets, in addition to requiring a minimum. 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. Bob Carville joined the Cumberland Trust team in 2022. This could mean naming current beneficiaries and then allowing for the inclusion of others born after the trusts inception. in Business Administration from Hanover College in Hanover, Indiana. Remainder beneficiaries are those beneficiaries that succeed the interest of the current beneficiaries. Previously, Debbie led the Special Needs Trust team unit at Arden Trust Company in Phoenix, Arizona. Vice President & Trust Officer, Administration Manager. She earned a Master of Management degree from the Kellogg Graduate School of Management at Northwestern University. 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. Outside of work, Ryan enjoys volunteering at the St. Philip Legal Clinic in Franklin, TN. Interpretation Appeal Application - Fillable. in Economics from Smith College in Northampton, Massachusetts. In these roles, Robin helped families find solutions to support their loved ones diagnosed with dementia and Alzheimers disease. In this role, Douglas works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. realized gains on the sale of any and all trust assets. He is a member of the American Association of Petroleum Landmen, a licensed affiliate broker with the State of Tennessee, and a member of the National Trust Real Estate Association (NTREA). Douglas earned a B.S. We are not investment advisors and focus our efforts solely on trust and estate administration. Previously, Helina worked in the banking industry, with experience in data analysis and documenting accounts. This includes supervising staff, promoting The Wilds, scheduling activities, creating programs/tours, maintaining camp, following safety protocols and all other activities. A corporate executor, with many on-staff professionals, is always available. Over the past several decades, many states have worked to update trust legislation. Estate and post-mortem trust administration to honor, support, and carry out your wishes. $20. If you would like to discuss Cumberland Trusts services, were here to help. A Certified Trust and Fiduciary Advisor (CTFA), Lisa holds a Bachelor of Arts and Science degree in interdisciplinary studies from the University of Missouri. Growth Permit - Application. (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. All rights reserved. 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. This person, group of people, or institution benefits from the trust, eventually receiving some or all of the property placed in the trust. Bid Notifications. degree in Accounting from Asbury University in Wilmore, Kentucky. All rights reserved. . She was awarded the Certified Trust and Financial Advisor designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Previously, Ashley worked for Newt Gingrichs 2012 presidential campaign. Prior to joining Cumberland Trust, Heather worked for 11 years at medSR, creating and overseeing their human resources and administrative functions. Jody Hines serves as Vice President and Trust Officer in the Personal Trust Administration department. Chase holds a Bachelors degree in Finance from the University of Tennessee at Chattanooga. in Financial Management & Financial Planning from Western Kentucky University (Summa Cum Laude). Cumberland, OH. 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. In this role, Matt works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Bob and his wife Jodi have two adult sons, and they live in the Fort Myers, Florida area. Rachel holds a B.A. A Last Will and Testament is perhaps the primary document that comes to mind when most people think of estate planning. overpaid mortgage interest refund. It is our duty to treat all beneficiaries objectively and impartially. Additionally, she has worked with Life Crisis Services and the Incarnate Word Hospital. Prior to law school, Jared served as a Supply Chain Analyst with General Electric. 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. Clerk's Fee, Transfer Fee, Open Space Preservation Fee. Prior to joining Cumberland Trust, she worked for Larson Juhl as a customer service team leader. In this role, Hannah administers personal trust accounts. Judy serves as Vice President and Trust Officer on the estate administration team. in Political Economy from Sweet Briar College in Sweet Briar, Virginia. As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. Prior to joining Cumberland Trust, Wendy worked for 28 years as a licensed insurance agent for Buschbach Insurance Agency in Illinois. As a collaborative member of the Special Needs Trust Administration team, Brianna provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. This legislation allows all of the trust creators top advisors to be involved in the trust management. Donna Wooden brings an extensive background in customer support, project coordination, and office administration to the estate team. Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. She also manages a growing team of Special Assets Administration professionals providing specialized administration of these complex trust assets. The resulting team of experts then works together to provide the beneficiary with care and expertise, ensuring optimal management and administration of the trustorestate. All deeds of conveyance, (with or without a plat), trust deed, fixture filing or security agreement concerning real estate. 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 Previously, Mr. Presley served as Chairman, President, and CEO and as President and Chief Operating Officer of Cumberland Trust. Over the past several decades, many states have worked to update trust legislation. His focus is on ensuring clients receive the supplemental care and support they need in a timely, professional, and friendly manner. 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). Site by Circa Creative Studios. Tenisha specializes in providing attentive and professional service to her clients. 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. As Vice President and Director of the Special Assets team, Dayton works primarily in the evaluation and ongoing administration of special assets, including mineral, oil and gas interests, commercial and residential real estate, closely held business interests, agricultural and rural real estate, timber properties and promissory notes. Comprehensive trust administration, education, and proactive client service for your family. 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. Choosing Cumberland Trust provides the peace of mind that comes from knowing you will have a qualified, caring, and independent corporate executor or trustee. in Business/Management from the University of Phoenix. Shannon McGarrity joined the Cumberland Trust team in 2022 as Senior Vice President and Managing Director in Business Development. 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. What is new at CU 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. Previously, she managed grantor and decedent trust administration teams with Edward Jones. With a connected team of 120+ experts at your service in 10 offices nationwide. Sara Speidel joined the administration team at Cumberland Trust in 2007. 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. 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. . Prior to joining Cumberland Trust, Melissa worked as a Trust Officer at Riverview Trust Company in Vancouver, Washington. 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. 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. 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 Business Administration from Middle Tennessee State University, with minors in Economics and Finance. Prior to joining Cumberland Trust, he held corporate accounting positions at internet start-ups and Fortune 500 companies. Advises family on tax laws and implications. Avery Oaks joined Cumberland Trust as a Trust Officer in 2022. All rights reserved. Specialized knowledge. She also holds an MBA from Bethel University in McKenzie, Tennessee. 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. Previously, he worked as a conflict analyst with Pillsbury Winthrop Shaw Pittman. Natalicia serves as a Assistant Vice President and Special Assets Officer, working with unique, illiquid, and hard-to-value assets held in trust. Roberts previous experience also includes roles at LegacyTree Foundation and Regions Bank. in Business Administration from Auburn University. Others decide what your client will pay when the business is placed on the table. 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. Assistant Vice President & Account Transfer Manager. Prior to joining Cumberland Trust, she served as the founding Director of Operations for a Middle Tennessee anti-human trafficking nonprofit organization. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Fee Schedule Fee Schedule The Recorder's Office accepts the following payment methods: Checks* - Checks should be made payable to "Recorder of Deeds". Site by Circa Creative Studios, 40 Burton Hills Blvd #300, Nashville, TN 37215, USA, 633 Chestnut St, Chattanooga, TN 37450, USA, 334 Ebenezer Rd, Knoxville, TN 37923, USA, 1000 Ridgeway Loop Rd #105, Memphis, TN 38120, USA. in Finance with a concentration in Entrepreneurship from the University of Tennessee, Knoxville. Previously, she served as Vice President, Trust Advisor at SunTrust Investment Co. handling Trust Administration for their private wealth management department. Plan, preserve, and protect your legacy for generationstocome. Chris has many years of experience in relationship management and trust account administration and has specialized in serving high net worth individuals and families. 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. As a trust administrator, Donna collaborates with legal, financial, and tax professionals to ensure all aspects of an estate are given careful attention. LOCATIONS NEAR ME Resources and Insights 2022 New Year's Resolutions Katrina focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. As Trust Officer in personal trust administration, Laura focuses on providing a high quality of service to clients. with a focus on comparative law and human rights from Regent University School of Law in Virginia Beach, Virginia. What are Tennessee Community Property Trusts. She earned a J.D. Prior to joining Cumberland Trust, Jennie served as Vice President at Thompson & Associates, focused on charitable estate planning, Assistant General Counsel of WebMD Envoy, Senior Tax Consultant at Arthur Andersen, and practicing attorney at Waller Lansden Dortch & Davis. At Cumberlands start, Michelle, a Trust Officer, helped to establish the open architecture platform that focuses on helping families and forming partnerships with advisors. We are located in one of the most trust-friendly states, giving our clients and their assets access to very favorable trust laws. 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. 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. Melissa Murray joined the Cumberland Trust Special Needs Trust Administration team in 2021. Previously, she worked as a Teller, then Personal Banker and Assistant Manager in consumer banking at Bank of America, then with Private Wealth Management at U.S. Trust, and on the Commercial Banking Team at Bank of America. from Simon Fraser University in Vancouver, British Columbia, and an M.B.A. from Western Governors University. , 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. All rights reserved. There's still a fair amount of mystery surrounding exactly whats baked into each of those basis points. We believe our relationship managers should be fully focused on their current clients. 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. She received a B.A. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. 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. Elsie holds a B.A. Previously, she worked as a Trust Officer for Regions Bank in Knoxville and in Cincinnati, Ohio at Provident Bank in tax and trust accounting. Senior Vice President & Director, Business Continuity & Information Security. in Finance and Economics from Lipscomb University and is a graduate of Southern Trust School. Specialized expertise combined with care and compassion for your family. DURING THIS TIME, the county clerk's OFFICE HAS BEEN RELOCATED TO 1760 S MAIN ST (old progressive savings bank) and they are Open 8 am - 5 pm, mon - fri. 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. Lorena holds an Associate degree in Business from Nashville State Community College. Financial advisors, accountants, and attorneys need a collaborative, non-competitive trust solution for their clients. He is a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. NO CASH REFUNDS. Laylas background also includes experience in utilities regulation while conducting legal research and writing for the Louisiana Public Service Commission. Rebecca is a native of Memphis and remains involved in the community. She continues to volunteer with the Harpeth Conservancy working on the Tennessee rivers. Years in Business: 22. Business Started: 1/1/2001. Preservation fee is $1.00 per page for pages 1-9, $2.00 per page for pages 10-19, $3.00 per page for pages 20-29, $4 per page for pages 30-34. Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). fresno unified school directory, is roberta shore married,