He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. Jared is a member of the Tennessee Bar Association and is active with the Estate Planning and Probate Section. Lindsay holds a Bachelor of Music in Music Therapy with a Minor in Psychology from the Berklee College of Music in Boston, Massachusetts. It also reduces capital gains tax implications after the death of one spouse. Runcie is a licensed attorney and CPA. in Political Science from the College of Charleston and serves on the Committee for Institutional Advancement for the Tennessee Performing Arts Center. Highway Opening Permit Application. from Nashville School of Law. Accountability. 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. Helina works with the compliance department to help ensure that accounts are opened and documented correctly. Lauren holds a bachelors degree in Business Administration with a concentration in Marketing from the University of Tennessee at Martin. All rights reserved. (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. "Northern Trust in Delaware charges a reasonable, competitive fee and in return provides comprehensive services to our directed trust clients backed by more than 120 years of experience as a fiduciary, Lindley told me. Vice President & Director, Special Assets. 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. Beth focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Elsie Bennett joined the Cumberland Trust team in 2015. She is responsible for overseeing the development team and its new trust opportunities. Prior to joining Cumberland Trust, Avery was an associate attorney at Brazil Clark, PLLC and worked as an Investment Advisor at Valor Financial Services. Caitlyn holds a B.S. The trustee must be legally competent to accept the trust property he or she is to manage. 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. 40 Burton Hills Boulevard Suite 300, Nashville, TN 37215-6292. She was awarded the Certified Trust and Financial Advisor Designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Outside of work, Sarah enjoys spending time with friends and family. and was a founding member of the organizations Family Council. 1/1/2022 Register of Wills Fee Schedule (pdf) Court Calendar. $3.00 will be charged for each distribution . $25.00. Owen focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. 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. While in law school, she developed a passion for estate planning during her time in the Homer A. Jones, Jr. Wills Clinic. Quarterly fee of $15.30 per account. Creating a trust can protect your assets and make sure those assets are managed for the benefit of your children or loved ones. Rebecca has participated in the Memphis Business Journal Table of Experts panel conversations. Ashley is a Nashville native and earned a B.S. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. C. Runcie Clements, IV joined Cumberland Trust and Investment Company in 2002 and serves as Chief Legal Officer and General Counsel. and M.Ed in Special Education from the College of Charleston. Tim is a graduate of the American Bankers Association Trust School where he earned the Certified Trust and Financial Advisor (CTFA) designation. Specialized expertise combined with care and compassion for your family. Katrina holds a B.S.B.A (magna cum laude) in Marketing with a minor in Hospitality from the University of Central Florida. 2022 Orphans' Court Calendar (pdf) 2022 Full Court Calendar (pdf) Rules. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. legislation was enacted in 2013 that encourages the use of trust advisors and trust protectors to assist in the management of a trust. * Preservation fee added to every recorded . 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. Alex focuses on providing careful and attentive trust administration, specializing in distinctive care services. Cumberland Trust Education Administration and distributions Record-keeping and reporting Premier client service Conveniently Headquartered in Trust-Friendly Tennessee With a connected team of 120+ experts at your service in 10 offices nationwide. from Quinnipiac University School of Law in Hamden, Connecticut. in Spanish from Southern Methodist University in Dallas, Texas. Prior to joining Cumberland Trust, Elizabeth practiced as a contract attorney with Legility, LLC. Previously, Mrs. Selinger served as the Assistant Director of Development at St. Paul Christian Academy and prior to that as the Interim Development Director at Belle Meade Plantation. Just as each life and family is unique, so is each estate left behind. in Art History with a minor in French from Sewanee: The University of the South in Sewanee, Tennessee. Andrea has extensive experience in financial planning, account management, and trust administration and management. She focuses on topics related to family governance structures, succession planning, and working with a corporate trustee. Adriana holds a B.A. Robin McNeil joined Cumberland Trust as a Trust Specialist in 2022. Previously, he worked in the financial solutions industry. from the University of Kentucky College of Law in Lexington, Kentucky. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. Once you start drilling down into the basis points, it becomes pretty clear that different firms really do different things, he added. In this role, Riley works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. $20.00. 21061 and act no. His prior experience includes serving as Trust Operations Manager for First American National Bank and as a Registered Principal with Summit Brokerage Services. In this role, Chase focuses on Cumberland Trusts corporate operations. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. We understand that flexibility and choice are important when it comes to selecting an investment manager. Prior to joining Cumberland Trust, Elly served as Deputy Finance Director for a Nashville mayoral campaign and prior to that as a director of a prison re-entry program in Texas. Lou Anne Wolfson joined Cumberland Trust in 2013. One of our co-founders is a former insurance actuary (e.g. Prior to joining Cumberland Trust, she worked in telecommunications and has previous experience in accounts payable, accounts receivable, payroll and taxes. At death, a revocable trust designates a successor trustee and outlines distribution of the trusts assets. 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. Whether you're just getting started or expanding to serve more customers in our Tennessee communities, we'll make sure you've got the banking support required for success. While attending college, she interned with a commercial real estate investment firm. He has also worked in a private legal practice in the areas of estate planning, taxation, real estate, and general business. Beth Lee joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. She has extensive knowledge in the preparation and review of legal correspondence and compliance documents. 7A-307(a)(2a). from the Nashville School of Law. Chase Caldwell serves as Assistant Secretary, Assistant Vice President, and Director of Finance for Cumberland Trust. Previously, Carla worked in Cumberland Trusts personal trust administration and tax divisions. Bob Carville joined the Cumberland Trust team in 2022. All rights reserved. First Federal Bank is here to support our local businesses with a complete range of commercial banking products. 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. Sara Kate is licensed to practice law in Tennessee. Jared received a B.S. Elsie holds a B.A. Previously, Caitlyn worked as an associate manager at Tumi Inc. and, before that, as an Intern for House Representative Jim Cooper. Zandra Ribas joined the Cumberland Trust team in 2019. in Music Business from Belmont University. Alex Gillott has been with Cumberland Trust since 2013. Prior to her career with Cumberland Trust, Lorena worked with children and families as a nanny and au pair. Prior to joining Cumberland Trust, Katelynn worked for several years in Operations within the financial industry. NOTE:Accuracy is not guaranteed. We are not investment advisors and focus our efforts solely on trust and estate administration. Provide for the management of an individuals assets should he or she becomeincapacitated. Previously, she served as Vice President, Trust Advisor at SunTrust Investment Co. handling Trust Administration for their private wealth management department. 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. Outside of work, Bonnie enjoys volunteering at Grace Works and One Generation Away. A corporate executor, with many on-staff professionals, is always available. Owen Lovell joined Cumberland Trust as a Trust Administrator in 2022. in Political Science from Vanderbilt University and his J.D. Specialized knowledge. County of Cumberland, Pennsylvania. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. The Grantor is the creator of the trust. In her role as Trust Officer, Amanda works with individuals and families, providing service and attention to the day-to-day needs of personal trust clients. All rights reserved. She is a member of the National Trust Real Estate Association (NTREA), as well as the National Trust Closely Held Business Association (NTCHBA). Plat or Map. All rights reserved. This person, group of people, or institution benefits from the trust, eventually receiving some or all of the property placed in the trust. 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. While attending college, she held various internships in sales and marketing. Northern Trust doesnt publish its fee scale, but president Dan Lindley was kind enough to give The Trust Advisor a peek. For a client with that kind of wealth, the $20,000 translates into at most 40 basis points a yearpretty low by industry standards. from the University of Arkansas School of Law and holds her LL.M. 2021 Cumberland Trust. Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. Depending on your needs, establishing a revocable living trust is another option your attorney might recommend as part of your estate plan. He received a J.D. in Business/Management from the University of Phoenix. Rachel Fuqua joined the Estate Administration team as a Trust Officer in 2015. 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. 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. Previously, Chris served as Senior Vice President, Managing Director, and Head of Administration. Harriet White joined the Cumberland Trust team in 2012. Assistant Vice President & Compliance Officer. Our team works in conjunction with any external property managers. In this role, she reviews and drafts documents relating to incoming and transferring trusts. cumberland trust fee schedule. She received her J.D. The Admissions Office is open Monday through Friday from 8am to 4:30pm CST. in Psychology from Agnes Scott College in Decatur, Georgia. The grantor also specifies the purpose of the trust: if the trust may be altered (and by whom), powers given to the trustee, and when disbursements are to be made. Prior to joining Cumberland Trust, Meredith worked for over five years with Nike, Inc. in their Tennessee offices. Stephen Crofford joined Cumberland Trust in 2016. Michelle is a regular speaker for industry-related events nationwide, and she has been published in The Tennessean. 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. Find local administrative orders and rules. from Baylor University in Waco, Texas. Prior to joining Cumberland Trust, Jeiman served as Treasury Management Officer for Capital Bank. (magna cum laude) in Public Relations and a B.S. Layla has extensive experience in due diligence, contracting, and compliance. launchpad classlink nmusd; cantonese text to speech; 15 second tv commercial script examples Lorena specializes in building relationships with her clients through regular communication, care, and understanding. Yes, we have a team that focuses on the administration of illiquid assets held in trust. Many matters that used to require a court to resolve may now be resolved by agreement among the beneficiaries. Emily holds a B.S. Previously, she worked for seven years as a Registered Sales Assistant with a financial advisory firm. in Communication from Salem College in Winston-Salem, North Carolina. In her current role as Chief Strategy Officer, Lori oversees all marketing, strategy, and corporate initiatives and works in the development, planning, and management of various strategic initiatives aimed at reaching current and new target audiences. Previously, Eleanor worked as an intern for The Frist Centers development department and in the development and finance division of Christies New York. 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. Phillip Burnett joined the Estate Administration team as a Trust Administrator in 2018. Avery holds a B.S. Layla received a B.S. in Finance from The University of Memphis. She has also worked with the Cardinal Basketball Officials Association officiating high school basketball. Danielle is currently pursuing an MBA with a concentration in Finance. Outside of work, Avery enjoys volunteering as an assistant basketball coach. Prior to joining Cumberland Trust, Jodi worked for 20 years in the banking industry, with 12 years in management, business development, and lending. No products in the cart. Prior to joining Cumberland Trust, Jennie was Director of Client Strategy and Product Development at Trilliant Health. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. Caitlyn A. Lovell joined the Cumberland Trust team in 2019. Originally from New York state, Bob holds a Bachelor of Science degree in Engineering from Rochester Institute of Technology.

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