Michelle is a regular speaker for industry-related events nationwide, and she has been published in The Tennessean. 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. During her time at U.S. Trust, she assisted families with multi-generational financial planning, credit needs and overall wealth management services. It is our duty to treat all beneficiaries objectively and impartially. He has held internships with Davos Investment Group, performing macroeconomic and market research; as well as Vault Investment Properties, working with real estate investment. An essential planning tool, a will dictates distribution of your assets from your estate to surviving family members, friends, or favored charitable organizations. 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. Tenisha received her masters degree from Ohio University and B.S. In his role, Jody administers personal trusts, providing responsive service to our clients and their external advisors. Most of the people I talked to say the cost of running a trust has already gone about as low as it can go. 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. For a client with that kind of wealth, the $20,000 translates into at most 40 basis points a yearpretty low by industry standards. Dudley holds a B.A. Lorena holds an Associate degree in Business from Nashville State Community College. from Vanderbilt School of Law and holds a Masters in Taxation (LL.M.) Over the past several decades, many states have worked to update trust legislation. Working with us, you will get to know our team of talented, compassionate, and committed individuals who are active in their communities and passionate about taking care of our clients. Matt holds a B.A. Corporate Secretary, Senior Vice President & Managing Director, Compliance and Audit. in Psychology from Sewanee: The University of the South in Sewanee, Tennessee and an M.B.A. from Concordia University in San Antonio, Texas. Sharons primary responsibilities involve reviewing and preparing documents and considering tax, legal and other compliance issues with regard to Cumberland Trust and its clients. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. Trust Fee Schedule. Alex is licensed to practice law in Tennessee. She also works with the compliance department to help ensure that accounts are opened and documented accurately. Trust Advisors - Private Trust Company: Planning, Administration & More Plan, preserve, and protect your legacy for generationstocome. in Communication with a focus in Public Relations from Florida State University. Meredith graduated from Boise State University in Boise, Idaho with a bachelors degree in Business Administration. Michelle Diamond is Chief Development Officer. Responsibilities. 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. Ryan earned a Bachelor of Business Administration degree (B.B.A.) Hannah Kimbrough serves as a Trust Officer in Personal Trust Administration. C. Runcie Clements, IV joined Cumberland Trust and Investment Company in 2002 and serves as Chief Legal Officer and General Counsel. Plan, preserve, and protect your legacy for generationstocome. Additional fees may apply for special services. 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. Tenisha Clausi joined the Cumberland Trust team in 2013. Heather holds bachelors degrees in Psychology and Religion from Lambuth University. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Matt Skeens joined Cumberland Trust as a Trust Administrator in 2022. She received her J.D. Previously, Caitlyn worked as an associate manager at Tumi Inc. and, before that, as an Intern for House Representative Jim Cooper. 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. She is licensed to practice law in Arkansas and Tennessee. Creating a trust can protect your assets and make sure those assets are managed for the benefit of your children or loved ones. Her previous experience also includes work as an accountant and as a lawyer in private practice. Tennessee - Cumberland Trust Tennessee Chattanooga Main Office 633 Chestnut Street Republic Centre, Suite 1540 Chattanooga, TN 37450 P: 423.664.9747 F: 423.634.0887 Michelle Diamond Chief Development Officer & Executive Director of Regional Markets Ashley Fischer Business Development Associate Knoxville Main Office 334 Ebenezer Road Based in Nashville, TN, Cumberland Trust is a small finance company with only 121 employees and an annual revenue of $2.0M. Either way, Christopher Holtby of Wealth Advisors Trust told me that theres always room for enthusiastic competitors. Many matters that used to require a court to resolve may now be resolved by agreement among the beneficiaries. Mary Elizabeth holds a Bachelor of Business Administration (BBA) degree in Finance and a secondary degree in Music Business from Belmont University in Nashville. She was awarded the Certified Trust and Financial Advisor designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Posted: February 26, 2021. cumberland trust fee schedule. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Prior to her career with Cumberland Trust, Lorena worked with children and families as a nanny and au pair. While theyre a valuable component of estate planning, trusts offer more than simply a way to disburse assets upon death or minimize paying taxes. Phillip holds a Bachelors degree in Business Administration with a concentration in Business Management from the University of Mississippi. Emily Dye joined Cumberland Trust in 2019. Outside of work, Ryan enjoys volunteering at the St. Philip Legal Clinic in Franklin, TN. Our trustee fee schedule forces us to be effective and mindful. All rights reserved. He is licensed to practice law in Tennessee. 40 Burton Hills Boulevard Suite 300, Nashville, TN 37215-6292. Natalicia Hosseinzadeh joined the Cumberland Trust team in 2018. All rights reserved. . With a connected team of 120+ experts at your service in 10 offices nationwide. Assistant Vice President & Account Transfer Manager. Lindsay Hardin joined the Cumberland Trust team in 2015. First Federal Bank is here to support our local businesses with a complete range of commercial banking products. 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. Brianna McCray joined Cumberland Trust as a Trust Specialist in 2021. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. 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. 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). She focuses on helping clients needing extra support through the coordination of distinctive care services. Whatever happens, says Kathy Roberts, the CEO of Santa Fe Trust, small accounts shouldnt be loss leaders. Assistant Secretary, Assistant Vice President & Director of Finance. Provide regular disbursements to someone who is unable to manage large sums ofmoney. Laura Hawken joined Cumberland Trust in 2019. All rights reserved. But there are a lot of vendors out there that are happy to offload the investment responsibilities and knock a bit off their fees in return. Before that, she was Vice President in the Custody Income Operations department (Global Securities Services) at Deutsche Bank/State Street in Nashville. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Hannah is a graduate of Eastern Illinois University where she received a B.S. Senior Vice President & Managing Director, Trust Administration, Vice President & Director, Personal Trust Administration, Vice President & Trust Officer, Administration Manager. 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. She also manages a growing team of Special Assets Administration professionals providing specialized administration of these complex trust assets. 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. Early on, she developed the Special Needs Trust group, serving the needs of client family members with disabilities. Andrea holds a B.A. Asha Nivison joined Cumberland Trust in 2012. The trustee is responsible for managing and administering the trust and strictly adhering to the terms of the trust as well as applicable state law in performing its duties. 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. Lindsay earned a B.A. 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. She received a J.D. During her time at Sewanee, she was also a Sustainability Fellow. Site by Circa Creative Studios, Conveniently Headquartered in Trust-Friendly Tennessee. Additionally, she handles special projects for the compliance team. Previously, Elsie worked at Mom and Pop Records assisting with artist management and as a youth specialist at the YWCAs Girls, Inc. program. Once you start drilling down into the basis points, it becomes pretty clear that different firms really do different things, he added. Sloan received her B.A. Additionally, she is a member of the Estate Planning Council of Middle Tennessee. Previously, Millie worked in the interior design industry where she specialized in developing interior design solutions and delivering superior client service. in Political Science from the University of Tennessee at Chattanooga and a J.D. Robert Ottinger joined Cumberland Trust as a Trust Administrator in 2021. Jennie Menzie joined Cumberland Trust in 2012 and serves as President, Chief Operating Officer, and Corporate Counsel. She has also taught Money Matters classes at the Boys & Girls Club of Lansing in Lansing, Michigan. Decanting is a process whereby assets from an irrevocable trust are moved to a new irrevocable trust with updated provisions. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Home - Cumberland Trust We are a family-focused independent trust company. $10. BBB File Opened: 2/19/2004. 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. One of the resulting benefits. Caitlyn holds a B.S. Find Cumberland Commercial Lease Amendment lawyers in Rhode Island to hire. Meredith Harville joined Cumberland Trust as a Trust Administrator in 2021. Depending on your needs, establishing a revocable living trust is another option your attorney might recommend as part of your estate plan. Protect assets from future lawsuits, creditors, ordivorce. Alex Gillott has been with Cumberland Trust since 2013. Kailey McCann joined Cumberland Trust as a Business Development Associate in 2022. Building Connected Insurance Offerings Starts With Customer-Focused Innovation, Model Portfolio & SMA Strategists Selection Guide, The 2022 TAMP GROWTH SUMMIT | RECEIVE 1.5 HRS CE CREDIT, 2022 America's Most Advisor Friendly Trust Companies, America's Best Trust Technology Buyers Guide 2021-2022. Prior to joining Cumberland Trust, Lauren worked as a Brokerage Client Specialist with Wells Fargo Advisors. She assists in the onboarding of new Cumberland Trust clients and their advisors, providing attentive support during times of change. Susan earned a B.A. No cost to post a project to get multiple bids in hours to compare before hiring. Dudleys experience includes working as Senior Vice President at First American National Bank. We dont take a trust that isnt going to be profitable, she told me. Schedule a Visit. Heather received a B.A. Rachel is involved with the Pencil Foundation for Metro Nashville Public Schools literacy program, where she works with elementary students to help them improve their reading comprehension and writing skills. For questions or to schedule an appointment, please call 717-240-6345 or email regofwills@cumberlandcountypa.gov. 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. Wendy Maynard joined the Cumberland Trust Asset Transfer team in 2021 as an Asset Transfer Specialist. She has eight years of customer service experience. As a collaborative member of the Personal Trust Administration team, Katelynn provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Brianna studied Business Administration at Georgia State University. Andrew Serpico joined Cumberland Trust as a Trust Specialist in 2021. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Practical Variance Appeal Application. Our advisor-friendly commitment to independent trust and estate administration allows financial advisors, estate planning attorneys, and accountants to provide their expertise, while we focus on performing our fiduciary duty and taking care of our mutual clients. 3 x 5 - $20.00 3 x 10 - $35.00 5 x 10 - $50.00 10 x 10 . 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. in Education from Middle Tennessee State University and a Paralegal Certification from Southeastern Paralegal Institute in Nashville, Tennessee. and was a founding member of the organizations Family Council. She develops and implements marketing initiatives for Cumberland Trusts ten offices. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Prior to joining Cumberland Trust, she worked as a Branch Manager with SunTrust Bank in Nashville, TN. Trust Fee Schedule. Cumberland Trust has provided professional, comprehensive estate settlement services for many years throughout the geographic regions where we serve. Chris Buckley joined the Cumberland Trust team in 2006. We typically apply the Total Rate of Return concept so that both current and future beneficiaries interests are considered. Previously, Dayton worked in Tuscaloosa, Alabama for Hawkeye Oil and Gas, Inc., a small oil and gas exploration company involved in coal bed methane and other conventional operations in the Black Warrior Basin of Alabama. in History of Art and Architecture from the University of Reading in England. He also holds a Six Sigma Yellow Belt certification. $10.00. Plan, preserve, and protect your legacy for generationstocome. Previously, Sloan was with Polo Ralph Lauren Corporation for 14 years, serving in many capacities, including Director of Operations for the company. Either way, its good to know what the market value of trust services. Rene received her B.A. 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. The trustee services offered by an individual trustee mirror those offered by a corporate trustee. As Vice President and Trust Officer, Sara manages personal trust relationships. from Vanderbilt University. We are not investment advisors and focus our efforts solely on trust and estate administration. Previously, Mr. Presley served as Chairman, President, and CEO and as President and Chief Operating Officer of Cumberland Trust. She earned an MBA and B.S. Amanda received a B.A. In her role, Shelly connects individuals, families and their financial, legal, and tax advisors with Cumberland Trusts high caliber trust and estate administration services. Debbie has 32 years of experience in the trusts and estates industry. Site by Circa Creative Studios. Outside of work, Brianna has enjoyed volunteering at Atlanta Ronald McDonald House where she helped provide meals to patients and families in residence. in Finance from The University of Memphis. Nathan is a Certified Securities Operations Professional (CSOP), a designation awarded by Cannon Financial Institute. 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. As a collaborative member of the Special Needs Trust Administration team, Michelle provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Laura specializes in administration with distinctive care services, an extra level of support for clients. He also leads training initiatives to support Cumberland Trusts growing administration team as they serve clients. Current beneficiaries are entitled to receive current income or principal distributions from the trust either at the discretion of the trustee or as required by the terms of the document. Highway Opening Permit Application. Sara Kate focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Lindsay has a wealth of experience in customer service and provider relations in the healthcare field as well as teaching and communications. She received her J.D. Haley Tucker joined the Cumberland Trust team in 2019. Sarah holds a bachelors degree in Finance from Washington State University. With a connected team of 120+ experts at your service in 10 offices nationwide. As Cumberland Trust grew, Michelle developed the blueprint for expansion into regional markets and she worked to open our nine regional offices. This document allows the trust creator or grantor to place selected assets in trust. She retired her real estate license after serving the Franklin, Tennessee community for twelve years. Our team works in conjunction with any external property managers. She specializes in delivering a range of customized trust solutions to best serve each client. All other documents. from Western Kentucky University in Bowling Green, Kentucky. An Atlanta native, Susan is involved in the community as an active member of the Junior League of Atlanta. Natalicia has been a member of the National Associate of Realtors and Greater Nashville Realtors Association since 2017. Meg holds an A.B. Additionally, at Belmont, Mary Elizabeth was involved in many organizations, assisting with the recruitment of new students, and maintaining the schools relationship with alumni and board members. 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 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. She focuses on being responsive, attentive, and understanding to build relationships with the clients and families she serves. Lori holds a B.A. Greg Sauers joined Cumberland Trust as a Trust Administrator in 2020. Navigating trust and estate services can feel overwhelming, especially in times of loss or change. All rights reserved. in Taxation from the University of Florida Levin College of Law. Previously, she served for ten years as a paralegal and raised her three, now grown, children. Previously, she served as Treasurer at Fort Vancouver TV. Senior Vice President, Special Counsel & Chief Regulatory Compliance Officer. She builds client relationships by providing proactive, high quality service to clients and their legal, financial, and tax advisors.
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