Interpretation Appeal Application. Robin studied Business Administration at Draughons Junior College of Business in Paducah, KY. Helina Mekuria joined Cumberland Trust in 2018. in Art with a minor in Psychology from West Georgia University in Carrollton, Georgia. Ourso College of Business. Haley holds a degree in environment and sustainability with a minor in political science from Sewanee: The University of the South in Sewanee, Tennessee. The announcement comes as Cumberland Trust recently reached $5 billion in assets under administration. For example, if the trust is worth $2 million, the trustee would receive $20,000 compensation that year. Jody Hines serves as Vice President and Trust Officer in the Personal Trust Administration department. He also leads training initiatives to support Cumberland Trusts growing administration team as they serve clients. As a student, Hannah played all four years on the Division 1 tennis team, and was captain for two years. Hannah is a graduate of Eastern Illinois University where she received a B.S. Michelle holds a bachelors degree in Education from Aquinas College. Site by. Mr. Presley is a licensed attorney and Certified Trust and Financial Advisor (CTFA). . Contact Us; Quick Links. Estate and post-mortem trust administration to honor, support, and carry out your wishes. Meg Cressman joined the Cumberland Trust team in 2022 as Vice President, Compliance and Audit Officer. Do you want to learn more about personalized trust and estate services? What is a Directed Trustee? She is a member and past board member of the Financial Planning Association of Greater Memphis and a member of the Memphis Estate Planning Council. Cumberland County - Tennessee. Elsie currently serves as a Business Development Associate in Atlanta, assisting in the onboarding of new trust and estate accounts for families and their professional advisors. Some wills can establish trusts for asset protection purposes or determine guardianship of minor children in the event of both parents death. Expert guidance, proactive education, and hands on services to support you, your family, your assets, and your estate. She focuses on providing premier and attentive service to our clients and families with special needs. Depending on your needs, establishing a revocable living trust is another option your attorney might recommend as part of your estate plan. He manages accounts day-to-day financials, while additionally assisting our Fiduciary Compliance Committee. McGarrity earned a B.S. Elizabeth is licensed to practice law in Tennessee and Kentucky. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Debbie holds an Executive J.D. 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. Site by Circa Creative Studios, Conveniently Headquartered in Trust-Friendly Tennessee. The resulting team of experts then works together to provide the beneficiary with care and expertise, ensuring optimal management and administration of the trustorestate. Meet Our Personal Trust Administration Team, Conveniently Headquartered in Trust-Friendly Tennessee. Additionally, she has experience as a sales assistant for a local stock brokerage firm where she was Series 7 and 66 licensed. in American Studies from the University of Tennessee (summa cum laude). , passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. Jennie holds a B.S. Meg is licensed to practice law in Tennessee. in Communication Studies with an emphasis in Public Communications from Marshall University in Huntington, West Virginia. Prior to joining Cumberland Trust, Shelly founded The Donaldson Law Firm following experience at other firms including Lefkoff, Duncan, Grimes, McSwain & Hass, P.C. Stocks, after a few years of. 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. She focuses on delivering responsive and personalized trust administration services. Prior to joining Cumberland Trust, she worked in telecommunications and has previous experience in accounts payable, accounts receivable, payroll and taxes. When I needed to indefinitely postpone my move, they kept all the information about how much furniture I had on . Susan earned a B.A. Douglas earned a B.S. Agency trust fee schedules are unique as they fall under agency trustee services. Years in Business: 22. Business Started: 1/1/2001. Andrew is an avid hockey enthusiast. Michelle holds a B.A. Natalicia serves as a Assistant Vice President and Special Assets Officer, working with unique, illiquid, and hard-to-value assets held in trust. She was awarded the Certified Trust and Financial Advisor designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Riley Randolph joined Cumberland Trust as a Compliance and Asset Transfer Specialist in 2021. In this role, Sarah collaborates with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. Our advisor-friendly commitment assures families receive superior service. Douglas holds a B.A. 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. Comprehensive trust administration, education, and proactive client service for your family. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Prior to joining Cumberland Trust, he worked as the Amateur Hockey and Fan Development Coordinator for the Nashville Predators. Previously, Helina worked in the banking industry, with experience in data analysis and documenting accounts. Prior to joining Cumberland Trust, Riley worked as an Operations Analyst at UBS Financial. Over the past several decades, many states have worked to update trust legislation. 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. With a connected team of 120+ experts at your service in 10 offices nationwide. Prior to joining Cumberland Trust, Millie served as an Associate Wealth Advisor at Truxton Trust, providing sophisticated and personalized wealth management services. Posted: February 26, 2021. 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. Owen focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Matt focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. In this role, Hannah administers personal trust accounts. Military discharge certified copy as authorized. Owen Lovell joined Cumberland Trust as a Trust Administrator in 2022. This document allows the trust creator or grantor to place selected assets in trust. Elizabeth holds a B.A. To make sure your institution is included or excludedin theJuly 2nd editionof this survey please let us know. She specializes in estate and post-mortem trust administration, especially those involving complicated family structures and tax issues. Natalicia Hosseinzadeh joined the Cumberland Trust team in 2018. Previously, Greg worked in human resources and in youth sports. Join a community who will help you rise and reach your greatest potential. 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. Debbie is a Certified Trust and Financial Advisor (CTFA), graduate of the Cannon Trust School, through Cannon Financial Institute, and has received the Chartered Special Needs Consultant (ChSNC) Designation. He received a J.D. Caroline also serves as the business development liaison, representing Cumberland externally and working closely with the Business Development team in evaluating new business opportunities. Jennie Menzie joined Cumberland Trust in 2012 and serves as President, Chief Operating Officer, and Corporate Counsel. She assists in the onboarding of new Cumberland Trust clients and their advisors, providing attentive support during times of change. 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. He received his J.D. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Rebeccas previous experience includes working as a Management Consultant for Ernst & Young, a Financial Analyst, and then Managing Director of Investor Relations and Corporate Contributions for FedEx. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. In this role, Judy administers estates and administrative trusts, guiding families and individuals during times of loss and transition. She enjoys cultivating relationships with her clients while creating and maintaining a plan for their trust that prudently meets their needs and ultimate goals. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. 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. 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 Carville joined the Cumberland Trust team in 2022. (Really big clients get institutional-strength discounts. $25.00. 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. April holds a B.S. Prior to Cumberland Trust, Asha served as Director of Implementations at Emdeon, where she managed teams responsible for implementing direct claims connections with healthcare companies. The Tennessee Community Property Trust Act. in Psychology and Sociology from Western Kentucky University. She enjoys welcoming clients and guests, making them feel comfortable and at ease. Dudley holds a B.A. Ms. Kirkpatrick is a sustaining member of the Junior League of Nashville, former president of the Harding Academy Parent Association, and has served on the board for Nashville Childrens Theater. Additional fees may apply for special services. 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. Prior to joining Cumberland Trust, Jennie was Director of Client Strategy and Product Development at Trilliant Health. Katelynn Novak joined Cumberland Trust as a Trust Specialist in 2021. Previously, Elly served as a trust officer in Cumberland Trusts Nashville headquarters, administering trust relationships and providing direct client support. Families can feel assured knowing their loved ones will be looked after when theyre gone, and that their legacy will have a lasting impact. in Business Administration from Middle Tennessee State University, with minors in Economics and Finance. Prior to joining Cumberland Trust, Douglas worked as a State & Local Tax Associate at KPMG LLP in Indianapolis, Indiana. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Our team works in conjunction with any external property managers. Her experience includes developing and leading an internal middle office team to support attorneys, wealth management advisors and clients with the onboarding and funding of new trust and estate accounts and relationships. Until further notice, the original 1905 portion of the old courthouse is CLOSED to the public due to the current structural integrity of the Building. Senior Vice President & Director, Business Continuity & Information Security. The Tennessee Community Property Act of 2010 can benefit families nationwide. Gina holds a B.S. 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. NOTE:Accuracy is not guaranteed. in Business Administration from Belmont University (magna cum laude). Vice President & Director, Special Assets. Estate and post-mortem trust administration to honor, support, and carry out your wishes. 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. As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. First Federal Bank is here to support our local businesses with a complete range of commercial banking products. Location of This Business. If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply. Nathan Hyde joined the Cumberland Trust team in 2002 and serves as Senior Vice President and Director, Business Continuity and Information Security. in Business Administration from Hanover College in Hanover, Indiana. Explore North Carolina's counties for court services and information, such as courthouse locations, jury service, contacts, and more. All rights reserved. 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. Previously, Chris served as Senior Vice President, Managing Director, and Head of Administration. 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. Elizabeth Kaegi joined the Cumberland Trust legal team in 2021 and serves as Fiduciary Counsel. 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. Based in Nashville, TN, Cumberland Trust is a small finance company with only 121 employees and an annual revenue of $2.0M. Toll Free: 1.888.697.0371. April Drennan joined Cumberland Trust in 2019. At death, a revocable trust designates a successor trustee and outlines distribution of the trusts assets. Site by. She is a member of the National Trust Real Estate Association (NTREA), as well as the National Trust Closely Held Business Association (NTCHBA). The Cumberland Land Trust is a private, non-profit, charitable, conservation organization run by a dedicated group of volunteers. "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. What is new at CU 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. No fee. She focuses on helping clients needing extra support through the coordination of distinctive care services. so is each estate left behind. 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. Elsie Bennett joined the Cumberland Trust team in 2015. 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. His previous experience also includes serving as an Assistant Property Manager/Property Accountant at Avison Young and as a Customer Service Representative at Wilson Bank & Trust. 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. But at that level, its going to be very difficult to stay in the business.. With a connected team of 120+ experts at your service in 10 offices nationwide. 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. 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. The trustee must be legally competent to accept the trust property he or she is to manage. Jennie has served on the Board of Directors of Vox Grata since 2017. Specialized Knowledge and Focused Administration, Conveniently Headquartered in Trust-Friendly Tennessee. Establishing a trust is not merely a plan to minimize taxes. Millie holds a B.A. We are located in one of the most trust-friendly states, giving our clients and their assets access to very favorable trust laws. In his role, Jody administers personal trusts, providing responsive service to our clients and their external advisors. Prior to joining Cumberland Trust, Jodi worked for 20 years in the banking industry, with 12 years in management, business development, and lending. Bob and his wife Jodi have two adult sons, and they live in the Fort Myers, Florida area. Kim Kochamba joined the Cumberland Trust Special Needs Trust Administration team in 2023 as a Trust Specialist. Shelly served on the Executive Committee of the Georgia Bar Association Fiduciary Law Section and was a past chair of the Atlanta Bar Estate Planning and Probate Section. $20.00. Provide a measure of protection when beneficiaries may lack the maturity or expertise to manage their ownaffairs. Growth Permit - Application. Remainder beneficiaries are those beneficiaries that succeed the interest of the current beneficiaries. Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). from the Indiana University Robert H. McKinney School of Law in Indianapolis, Indiana. In this role, Lisa focuses on building relationships with external advisors (including financial advisors, attorneys, and accountants), individuals and families through personalized trust and estate services. Laura specializes in administration with distinctive care services, an extra level of support for 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. Caroline Mitchell joined Cumberland Trust in 2019. As a Business Development Officer, Bob focuses on building relationships with financial advisors, attorneys, and tax professionals throughout the state of Florida. Senior Vice President & Managing Director, Trust Administration. He received his J.D. Trusts offer an excellent way to plan for the future. 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. in Political Science and Economics from the University of Tennessee and a Paralegal Certificate from the National Institute of Paralegal Training in Atlanta. Layla is licensed to practice law in Tennessee and Louisiana. Rachel is licensed to practice law in Tennessee. Evelyn Leonard joined the Cumberland Trust team in 2016 and works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. She specializes in delivering a range of customized trust solutions to best serve each client. 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. in History of Art and Architecture from the University of Reading in England. Some firms work strictly from a rate card. in Sociology from Middle Tennessee State University (cum laude) with minors in Global Studies and Business Administration. Originally from New York state, Bob holds a Bachelor of Science degree in Engineering from Rochester Institute of Technology. Donna Wooden brings an extensive background in customer support, project coordination, and office administration to the estate team. The trustee services offered by an individual trustee mirror those offered by a corporate trustee. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. We are compassionate and diplomatic when dealing with complex family relationships. from the University of Illinois, Champaign-Urbana, IL where she majored in Economics. Corporate Secretary, Senior Vice President & Managing Director, Compliance and Audit. Download the Fee Schedule Personal Trusts - Continual Administration ANNUAL FEE: Based on fair market value of trust assets 0.60% of the first $1,000,000 0.50% of the next $1,000,001 - $2,000,000 0.35% of the next $2,000,001 - $5,000,000 Negotiable over $5,000,000 Minimum Fee: $3,000 Trust Settlements - Outright Distribution Rates effective: June 28, 2013. Laylas background also includes experience in utilities regulation while conducting legal research and writing for the Louisiana Public Service Commission. While attending college, she interned with a commercial real estate investment firm. Laura holds a Bachelor of Social Work from the University of Mississippi and a Master of Social Work from St. Louis University. This person has built an asset base and wants to ensure that those assets are distributed according to their wishes. Robin McNeil joined Cumberland Trust as a Trust Specialist in 2022. 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. from Nashville School of Law. in Family and Consumer Sciences from the University of Georgia. Northern Trust doesnt publish its fee scale, but president Dan Lindley was kind enough to give The Trust Advisor a peek. Learn more to protect yourself and avoid falling victim. The access fee is considered a cash fee, therefore institutional aid and outside scholarships are not allowed to be used as payment. 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. Meredith graduated from Boise State University in Boise, Idaho with a bachelors degree in Business Administration. in Economics from Sewanee: The University of the South in Sewanee, Tennessee. Sharon is a registered CPA in Arkansas and is licensed to practice law in both Arkansas and Tennessee. His experience also includes positions as Hockey Operations Associate and Assistant Youth Hockey Instructor for the New York Rangers. from the University of Arkansas School of Law and holds her LL.M. 2021 Cumberland Trust. 633 Chestnut Street With a connected team of 120+ experts at your service in 10 offices nationwide. Prior to joining Cumberland Trust, she worked for Larson Juhl as a customer service team leader. (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. Site by. She is a member of the Knoxville Estate Planning Council and the Institute of Certified Bankers. Chase Caldwell serves as Assistant Secretary, Assistant Vice President, and Director of Finance for Cumberland Trust. Rachel Fuqua joined the Estate Administration team as a Trust Officer in 2015. Vice President & Director, Special Asset Administration. Site by Circa Creative Studios. For a client with that kind of wealth, the $20,000 translates into at most 40 basis points a yearpretty low by industry standards. Previously, she served as Treasurer at Fort Vancouver TV. 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.