cumberland trust fee schedule cumberland trust fee schedule

in Business Administration with an emphasis in Accounting from Berea College in Berea, Kentucky. from the Nashville School of Law. in Business Administration from Belmont University and an M.B.A. from the Jack C. Massey School of Business at Belmont University. She studied abroad at the University of London through Biederman Entertainment and Media Law Institute. $20. Fee Schedule. 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. Millie holds a B.A. Previously, Helina worked in the banking industry, with experience in data analysis and documenting accounts. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Caroline is a regular speaker for industry events nationwide and has been a guest of the Wealth Matters radio show. Since 1750, the Recorder of Deeds has maintained a permanent public record of deeds and documents related to the development, transfer, and encumbrance of real estate in Cumberland County. Prior to joining Cumberland Trust, Douglas worked as a State & Local Tax Associate at KPMG LLP in Indianapolis, Indiana. Elsie holds a B.A. To make sure your institution is included or excludedin theJuly 2nd editionof this survey please let us know. Constant availability. in Business Administration and Economics from Rhodes College in Memphis and an M.B.A. in Finance and Marketing from Indiana University. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. But at that level, its going to be very difficult to stay in the business.. NOTE:Accuracy is not guaranteed. He is a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. 2021 Cumberland Trust. 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). Douglas Kirkpatrick joined Cumberland Trust in 2009. Meredith focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Register of Wills The primary function of the Register is to determine whether documents offered for probate should be admitted to the official record. 40 Burton Hills Boulevard Suite 300, Nashville, TN 37215-6292. 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. Sara Kate holds a B.A in Journalism and English with a minor in French from Indiana University Bloomington. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. 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. Matt holds a B.A. 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. Before joining Cumberland Trust, Nathan worked as a Senior Consultant with Financial Industry Technical Services. 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. $25.00 per occurrence, maximum of 4 Overdraft and / or Returned Item Fees per day. It also reduces capital gains tax implications after the death of one spouse. She has particular expertise in tax and estate planning involving real estate, closely held business entities and planning for a family member with a disability (Special Needs Planning). 2021 Cumberland Trust. Jennie holds a B.S. Prior to joining Cumberland Trust, Rene was Vice President and Trust Advisor with SunTrust Bank and prior to that she was Director of Planned Giving for the YMCA of Middle Tennessee. from Simon Fraser University in Vancouver, British Columbia, and an M.B.A. from Western Governors University. We believe our relationship managers should be fully focused on their current clients. degree in Corporate Finance from the University of Alabama. McGarrity earned a B.S. in Political Science from the University of Tennessee at Chattanooga and a J.D. 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. Mr. Presley is a licensed attorney and Certified Trust and Financial Advisor (CTFA). FEE SCHEDULE Effective 7/1/22 * All permits and plan review fees included + Additional fees apply as needed for additional inspections # All fees based upon valuation shall be calculated using a signed contract for work. Greg received a Business Administration degree, with minors in Organizational Management and Health Promotions from Aurora University, Aurora, Illinois. Heather holds bachelors degrees in Psychology and Religion from Lambuth University. In this role, Andrea works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. She specializes in estate and post-mortem trust administration, especially those involving complicated family structures and tax issues. Harriet received a B.S. 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. Andrew Serpico joined Cumberland Trust as a Trust Specialist in 2021. 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. Prior to joining Cumberland Trust, Lauren worked at Franklin Synergy Bank as a Trust and Wealth Management Associate providing support to financial advisors with client onboarding and relationship management. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. Rachel now leads the Estate Administration department, which administers trusts and estates of various sizes and complexity throughout the southeast. with a concentration in Business Transactions from the University of Tennessee College of Law (magna cum laude). Katelynn holds a B.S. She is a Certified Trust and Fiduciary Advisor (CTFA) and has completed Cannons Trust School program. Heather develops relationships with individuals, families, and their professional advisors in North Carolina, South Carolina, and East Tennessee. Currently, Michelle manages the business development team, who work in Cumberland Trusts headquarters and in each of its regional offices. Rebecca holds a B.A. Cumberland Trust acts as a truly independent trust company. Tim is a graduate of the American Bankers Association Trust School where he earned the Certified Trust and Financial Advisor (CTFA) designation. In this role, Chase focuses on Cumberland Trusts corporate operations. Alexbeganat Cumberland Trust workingon the legal team and then transitioned to the administration of trust accounts. Rebecca has participated in the Memphis Business Journal Table of Experts panel conversations. To find out where the sizzle hits the steak for various types of trust company, The Trust Advisor conducted a survey below of what theyre charging. Previously, Jennie served as Chief Operating Officer and Corporate Counsel and as Chief Strategy Officer and Assistant General Counsel at Cumberland Trust. She was awarded the Certified Trust and Financial Advisor Designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Naturally, its going to cost extra if the trust company also manages the underlying assets. She serves as Corporate Events and Strategy Associate, supporting the marketing and strategy teams in growing Cumberland Trusts reach across the country. Prior to joining Cumberland Trust, Jeiman served as Treasury Management Officer for Capital Bank. He is past President of the following organizations: the Estate Planning Council of Nashville, the Tennessee Bankers Association Trust Division, and the Planned Giving Council of Nashville. Find local administrative orders and rules. Alex holds a B.A. He is licensed to practice law in Tennessee. No cost to post a project to get multiple bids in hours to compare before hiring. Previously, she worked as a Trust Officer for Regions Bank in Knoxville and in Cincinnati, Ohio at Provident Bank in tax and trust accounting. from Belmont University College of Law in Nashville. Safe Deposit Box Rental . Other companies that start at that level include New Hampshire Trust and Georgia-based Reliance Trust. Caitlyn holds a B.S. Prior to joining Cumberland Trust, she worked for eight years in Special Education for the Williamson County School District. This document allows the trust creator or grantor to place selected assets in trust. Learn more to protect yourself and avoid falling victim. A native of Missouri, Lisa works to expand Cumberland Trusts presence in the Midwest region. $10. Senior Vice President & Managing Director, Business Development. Meet Our Personal Trust Administration Team, Conveniently Headquartered in Trust-Friendly Tennessee. Caroline Mitchell joined Cumberland Trust in 2019. 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 Trust Advisor realizes that this is not a comprehensive list of all firms. 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. While in law school, she developed a passion for estate planning during her time in the Homer A. Jones, Jr. Wills Clinic. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. 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. Toll Free: 1.888.697.0371. The trustee is held to strict fiduciary standards in order to ensure that they can only use assets from the trust property for the beneficiaries, not for their own benefit. In this role, Dan works closely with external and internal auditors, while managing a team focused on Fiduciary Compliance, Corporate Compliance, Regulatory Compliance, Audit, and Account Transfer. With a connected team of 120+ experts at your service in 10 offices nationwide. Prior to joining Cumberland Trust, she worked as a Branch Manager with SunTrust Bank in Nashville, TN. President, Chief Operating Officer & Corporate Counsel. We are not investment advisors and focus our efforts solely on trust and estate administration. She received her J.D. Robert Ottinger joined Cumberland Trust as a Trust Administrator in 2021. Highway Opening Permit Application. As a member of the Personal Trust Administration team specializing in Distinctive Care, Lindsay provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Decanting is a process whereby assets from an irrevocable trust are moved to a new irrevocable trust with updated provisions. Previously, Evelyn worked in the banking industry, with experience in audit management, commercial relationship management, and credit analysis. She assists in the onboarding of new Cumberland Trust clients and their advisors, providing attentive support during times of change. Roberts previous experience also includes roles at LegacyTree Foundation and Regions Bank. Lisa brings a wealth of experience to the Cumberland Trust team. 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.