from Northwestern University School of Law. Ensure that government assistance continues while the basic level of care is supplemented for a child with specialneeds. She enjoys volunteering with animal rescue organizations and supporting various charities to help fight against animal cruelty. High-touch administration for those needing additional support. 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. Outside of work, he enjoys volunteering with the Cystic Fibrosis Foundation, traveling, and playing pickleball. Corporate Secretary, Senior Vice President & Managing Director, Compliance and Audit. Katrina Martin joined the Cumberland Trust team in 2020. Estate and post-mortem trust administration to honor, support, and carry out your wishes. in Finance from The University of Memphis. Definition of a Corporate Trustee The resulting team of experts then works together to provide the beneficiary with care and expertise, ensuring optimal management and administration of the trustorestate. As Assistant Vice President and Compliance Officer, Harriet ensures that accounts are opened or closed and documented accurately. Michelle holds a bachelors degree in Education from Aquinas College. Alex holds a B.S. 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). Bob and his wife Jodi have two adult sons, and they live in the Fort Myers, Florida area. From checking and savings products to business loans . On the legal team, as Vice President and Fiduciary Counsel, Caroline reviews and drafts documents relating to trust and estate accounts. All rights reserved. Cumberland Town Hall, 290 Tuttle Road, Cumberland, ME 04021, (207) 829-5559 Email Us Hours: Monday-Wednesday: 8am-5pm, Thursday: 8am-6pm, Friday: CLOSED. 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. $20. 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. The Tennessee Community Property Trust Act. Laura Hawken joined Cumberland Trust in 2019. Robin McNeil joined Cumberland Trust as a Trust Specialist in 2022. Previously, she worked as a Trust Officer for Regions Bank in Knoxville and in Cincinnati, Ohio at Provident Bank in tax and trust accounting. A lack of planning during life can leave familieswhile grappling with griefnavigating the probate system, inheritance taxes, and other complex issues. The Admissions Office is open Monday through Friday from 8am to 4:30pm CST. Brianna studied Business Administration at Georgia State University. Sarah Leighton joined the Cumberland Trust Personal Trust Administration team in 2022 as a Trust Specialist. A thoughtful estate plan is one of the best gifts you can leave to your family and loved ones. 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. Site by Circa Creative Studios, Conveniently Headquartered in Trust-Friendly Tennessee. In this role, she works closely with external and internal auditors, while focusing on Fiduciary Compliance, Corporate Compliance, and Regulatory Compliance. SCAM ALERT: Phone scams requesting money have been reported. She is also an active supporter of Cheekwood and the annual Swan Ball. We're here to help guide you through this process and discuss your future at Cumberland University. She earned a J.D. A native of Missouri, Lisa works to expand Cumberland Trusts presence in the Midwest region. Saving forretirementmay soon be mandatory with employers automatically enrolling new hires into plans when eligible. Some of these accomplishments include winning the TIAA Excellence Award, serving as a TIAA Emerging Leader, on the Diversity and Inclusion Council and as a corporate United Way liaison. April holds a B.S. Learn more to protect yourself and avoid falling victim. Minimum annual fee = $250 Investment Fees: Fees charged by investment managers are passed on to the fund Currently averages less than 25 basis points (1/4 of 1%) Credit Card Fees: While Cumberland Community Foundation does not charge a fee, the credit card processing company charges a processing fee She received a professional certification in software programming from The University of Texas at Austin. A Certified Trust and Fiduciary Advisor (CTFA), Lisa holds a Bachelor of Arts and Science degree in interdisciplinary studies from the University of Missouri. Ryan Russell joined Cumberland Trust as a Trust Officer in 2022. Practical Variance Appeal Application. Fee Schedule Search SearchMenu Departments A - C Animal Services Board of Commissioners Board of Elections Budget Division Child Support Community Development Community Transportation Program Cooperative Extension County Attorney County Administration Crown Complex D - I Emergency Services Employee Wellness Engineering Financial Services In his role, Jody administers personal trusts, providing responsive service to our clients and their external advisors. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. 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. 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. As Senior Vice President and Managing Director in Corporate Development, she cultivates relationships, working with families and advisors to deliver a full range of trust services. Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). No cost to post a project to get multiple bids in hours to compare before hiring. David serves as a Special Assets Officer, working with unique, illiquid, and hard-to-value assets held in trust. Scott Martin, contributing editor, The Trust Advisor. Originally from Lake McQueeney, Texas, as Vice President and Regional Development Officer Elly focuses on building relationships with legal, financial, and tax professionals throughout the state of Texas. While theyre a valuable component of estate planning, trusts offer more than simply a way to disburse assets upon death or minimize paying taxes. In his role as Vice President and Fiduciary Counsel, Stephen reviews and drafts documents relating to trust and estate accounts. 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. Nathan is a Certified Securities Operations Professional (CSOP), a designation awarded by Cannon Financial Institute. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. Alex has three years of banking experience prior to joining Cumberland Trust, most recently working at First Tennessee Bank. The Uniform Trust Code, passed in 2004, provides a comprehensive set of laws that allow a trust to be administered very efficiently and effectively. in Accounting. The Cumberland Land Trust is a private, non-profit, charitable, conservation organization run by a dedicated group of volunteers. Working alongside your chosen team of financial, legal, and tax advisors, we provide experienced trust and estate administration, compassionate hands-on service, guidance, and support through lifes transitions. Additionally, she is a member and past board member of Le Bonheur Club and is active with the Down Syndrome Association of Memphis and the Mid-South and SRVS Kids & Families. Is a Revocable, Living Trust Right for You? A corporate executor, with many on-staff professionals, is always available. Lindsay has a wealth of experience in customer service and provider relations in the healthcare field as well as teaching and communications. in Business Administration and Economics from Rhodes College in Memphis and an M.B.A. in Finance and Marketing from Indiana University. Navigating trust and estate services can feel overwhelming, especially in times of loss or change. At Cumberlands start, Michelle, a Trust Officer, helped to establish the open architecture platform that focuses on helping families and forming partnerships with advisors. In this role, Sarah collaborates with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. $3.00 will be charged for each distribution . Avery Oaks joined Cumberland Trust as a Trust Officer in 2022. $25.00 per occurrence, maximum of 4 Overdraft and / or Returned Item Fees per day. Harriet received a B.S. A qualified executor must have good business sense, understand the complexities of the various laws of taxation and administration that apply to an estate, provide detailed record keeping, and provide timely and consistent communication. Tenisha Clausi joined the Cumberland Trust team in 2013. She also works with the compliance department to help ensure that accounts are opened and documented accurately. Jennie holds a B.S. Jennie has served on the Board of Directors of Vox Grata since 2017. Lindsay Phillips joined Cumberland Trust as a Trust Specialist in 2022. Sharons primary responsibilities involve reviewing and preparing documents and considering tax, legal and other compliance issues with regard to Cumberland Trust and its clients. Danielle holds a bachelors degree in Business Administration from Columbia International University in Columbia, South Carolina. Based on the west coast of Florida, Bob regularly frequents the major markets across the state. But beyond that level, technology keeps improving and letting efficient trust companies bring down their overall cost proposition. As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. 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. 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. She studied abroad at the University of London through Biederman Entertainment and Media Law Institute. Our team is experienced in handling specialized trusts, illiquid assets, and navigating complex family dynamics with diplomacy and respect. For example, Santa Fe Trust accepts very small accounts, but according to its published fee scale it will still charge them at least $4,000 a year. With a connected team of 120+ experts at your service in 10 offices nationwide. in Political Science and Economics from the University of Tennessee and a Paralegal Certificate from the National Institute of Paralegal Training in Atlanta. Chase holds a Bachelors degree in Finance from the University of Tennessee at Chattanooga. $20.00. Leslie is a member of the Tennessee Bar Association and is licensed to practice law in Tennessee. 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. degree in Corporate Finance from the University of Alabama. Trusted relationships are at the heart of what we do. Assistant Vice President & Special Assets Officer. Since our relationship managers do not have sales goals and have a manageable number of accounts, they are able to develop long-term relationships with their clients and regularly communicate with them, as needed. She builds client relationships by providing proactive, high quality service to clients and their legal, financial, and tax advisors. An Atlanta native, Susan is involved in the community as an active member of the Junior League of Atlanta. Amanda Laginess joined the Cumberland Trust team in 2020. Eloise holds a bachelors degree in International Global Studies with a minor in French from Sewanee: The University of the South. 19 reviews of Cumberland Park Apartments "I lived in Cumberland Park for approximately 7 months during an internship. She is involved in the community supporting children in the foster care system and she previously fostered a child in her home for about 2 years until they were adopted. He also holds a Six Sigma Yellow Belt certification. Katelynn Novak joined Cumberland Trust as a Trust Specialist in 2021. She focuses on delivering responsive and personalized trust administration services. As a collaborative member of the Special Needs Trust Administration team, Robin provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. ", Maybe $2,500, he conceded. The grantor retains rights over the trust and may change or revoke the trust at any time. She serves as Assistant Vice President and Trust Officer. He received a J.D. As Vice President, Trust Officer, and Administration Manager, she is responsible for high net worth personal trust relationship management and account administration. She received her J.D. Prior to joining Cumberland Trust, she worked in telecommunications and has previous experience in accounts payable, accounts receivable, payroll and taxes. The grantor does not have to be significantly wealthy or have a large number of properties or assets. Explore North Carolina's counties for court services and information, such as courthouse locations, jury service, contacts, and more. What are the potential benefits and protections offered byatrust? Andrea holds a B.A. 2021 Cumberland Trust. She specializes in estate and post-mortem trust administration, especially those involving complicated family structures and tax issues. 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. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. and Morris, Manning & Martin, LLP. Leslie earned a B.A. 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. Lisa Tesar is a vice president and business development officer based in Cumberland Trusts St. Louis office. Find Cumberland Commercial Lease Amendment lawyers in Rhode Island to hire. Beth is a Certified Mediator and licensed to practice law in Tennessee. Caroline Mitchell joined Cumberland Trust in 2019. Prior to joining Cumberland Trust, Haley completed an AmeriCorp term with Harpeth Conservancy. Choosing Cumberland Trust provides the peace of mind that comes from knowing you will have a qualified, caring, and independent corporate executor or trustee. Impact Fee for Recreational Facilities & Open Space Impact Fee Ordinance. Typically, the grantor is named as the primary beneficiary during his or her lifetime and may also act as his or her own trustee. For example, if the trust is worth $2 million, the trustee would receive $20,000 compensation that year. Tim is a graduate of the American Bankers Association Trust School where he earned the Certified Trust and Financial Advisor (CTFA) designation. This fee is not to be assessed on assets for which the gross-value fee was 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. Chris is a chartered Financial Analyst (CFA) and Certified Trust and Financial Advisor (CTFA). 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. Her previous experience also includes work as an accountant and as a lawyer in private practice. They may be a parent with a large life insurance policy who wants to guarantee that their children are provided for without receiving a large sum of cash all at once. Personal Trust Administration in Psychology and Sociology from Western Kentucky University. in Economics and Finance from Baylor University in Waco, Texas. in Art History with a minor in French from Sewanee: The University of the South in Sewanee, Tennessee. Growth Permit Application - Fillable. In her role, Shelly connects individuals, families and their financial, legal, and tax advisors with Cumberland Trusts high caliber trust and estate administration services. He holds a B.S. A Trustee doesn't have to be a person - you can appoint a bank or professional wealth management company as Trustee if you want to. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. Our premier services support families when they need it most, providing guidance, education, peace of mind, respect, and understanding. Debbie has 32 years of experience in the trusts and estates industry. Take time to consult with a team of trusted professional advisors (e.g., attorney, financial advisor, CPA) and carefully consider the best options for you and your family. Prior to joining Cumberland Trust, Layla held the role of contract drafting, review, and negotiation for Vanderbilt University Medical Center as well as experience in due diligence contract review for healthcare companies anticipating mergers and acquisitions. 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. Lisa has been recognized for her work and accomplishments in the trusts and estates industry. 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.