Senator Thad Cochran (Mississippi). She was awarded the Certified Trust and Financial Advisor Designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. 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. What is a Directed Trustee? We dont take a trust that isnt going to be profitable, she told me. Vice President & Business Development Officer. In this role, Jennie works with high-net-worth individuals and families, along with their financial, legal, and tax advisors, to support their trust account management and administration needs. 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. Phillip assists in the administration of post-mortem estates and works with clients and beneficiaries to understand the steps of the estate process. 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. He is a First Lieutenant in the U.S. Army JAG Corps, Reserve Component. If you would like to discuss Cumberland Trusts services, were here to help. Jennie Menzie joined Cumberland Trust in 2012 and serves as President, Chief Operating Officer, and Corporate Counsel. She is a Certified Trust and Financial Advisor (CTFA) and has completed Cannons Trust School program. Vice President & Director, Estate Administration. from Indiana University Maurer School of Law and is licensed to practice law in Tennessee. She also leads strategic initiatives aimed at supporting market growth and commitment to client service, oversees the companys long-term planning goals, and advises on legal fiduciary and corporate governance matters. Stephen holds a bachelors degree in Managerial Economics with a concentration in Business Economics from the University of California, Davis. 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. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Prior to joining Cumberland Trust, she worked for Larson Juhl as a customer service team leader. In this role, she reviews and drafts documents relating to incoming and transferring trusts. Emily holds a B.S. Senior Vice President & Managing Director, Operations/Technology. Joseph K. Presley is Chairman and CEO of Cumberland Trust and has supported its commitment to client service, development, and market growth since he joined the company in 2001. There are very specific things that every trust has to do, and everything else is extra.. She assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. Advises family on tax laws and implications. We balance any requests against the interest of both the current income and remainder beneficiaries. Plan, preserve, and protect your legacy for generationstocome. Lou Anne earned a B.A. Outside of work, Sarah enjoys spending time with friends and family. Prior to joining Cumberland Trust, Heather worked as Vice President and Trust Officer in the Knoxville area for GreenBank, serving as a relationship manager for trusts, agencies, IRAs, endowments and other institutional accounts throughout East Tennessee and Southern Kentucky. As Senior Vice President and Managing Director of Trust Administration, Caroline is responsible for relationship management and account administration, with a focus on high-net-worth families and their needs. One of the resulting benefits. Elly received a B.S. At Cumberland Trust, we work in collaboration with a familys chosen team of professional advisors. 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. Meet Our Personal Trust Administration Team, Conveniently Headquartered in Trust-Friendly Tennessee. Estate and post-mortem trust administration to honor, support, and carry out your wishes. A thoughtful estate plan is one of the best gifts you can leave to your family and loved ones. In this role, she reviews and drafts documents relating to incoming and transferring trusts. and M.Ed in Special Education from the College of Charleston. Elsie Bennett joined the Cumberland Trust team in 2015. Years in Business: 22. Business Started: 1/1/2001. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. EMAIL. Caroline previously served as an Assistant Vice President and Trust Advisor at SunTrust administering trusts and managing high net worth client relationships. Tennessee is one of only three states that allow community property trusts. She received her J.D. Outside of work, Ryan enjoys volunteering at the St. Philip Legal Clinic in Franklin, TN. As Assistant Vice President and Trust Officer in the personal trust division, she is focused on providing a high level of responsiveness and attention to her clients. Previously, Ashley worked for Newt Gingrichs 2012 presidential campaign. Caroline L. H. Bradshaw joined the Cumberland Trust team in 2007. Sloan Shell joined Cumberland Trust in 2015. Douglas Stratton joined Cumberland Trust as a Trust Officer in 2022. in Economics from Sewanee: The University of the South in Sewanee, Tennessee. We typically apply the Total Rate of Return concept so that both current and future beneficiaries interests are considered. Clerk's Fee, Transfer Fee, Open Space Preservation Fee. Find local administrative orders and rules. All rights reserved. Corporate Secretary, Senior Vice President & Managing Director, Compliance and Audit. Chris Buckley joined the Cumberland Trust team in 2006. Judy Johnson began working as part of the Cumberland Trust team in 2011, with over 50 years of experience in estate planning and probate in numerous law offices in both Illinois and in Tennessee. At Cumberlands start, Michelle, a Trust Officer, helped to establish the open architecture platform that focuses on helping families and forming partnerships with advisors. Cumberland, OH. 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. West Virginia Housing Fund Fee, in addition to any excise tax imposed on property transfers. degree in Accounting from Asbury University in Wilmore, Kentucky. Kimberly George joined the Cumberland Trust team in 2014. Our premier services support families when they need it most, providing guidance, education, peace of mind, respect, and understanding. Many matters that used to require a court to resolve may now be resolved by agreement among the beneficiaries. A beneficiary can be a person or an institution. Contact Us; Quick Links. Bonnie Parrish joined Cumberland Trust in 2017. in Business Administration from Hanover College in Hanover, Indiana. CAREERS & OUR CULTURE Joseph K. Presley Prior to joining Cumberland Trust, she served as the founding Director of Operations for a Middle Tennessee anti-human trafficking nonprofit organization. Previously, she served for ten years as a paralegal and raised her three, now grown, children. The Cumberland Land Trust is a private, non-profit, charitable, conservation organization run by a dedicated group of volunteers. As Vice President and Trust Officer, Sara manages personal trust relationships. 2021 Cumberland Trust. All rights reserved. OUR TRUST PHILOSOPHY What We Do Independent Trust and Estate Administration Expert guidance, proactive education, and hands on services to support you, your family, your assets, and your estate. Kailey McCann joined Cumberland Trust as a Business Development Associate in 2022. Caroline serves as a board member of the YWCA of Nashville and Middle Tennessee. Republic Centre, Suite 1540 This definitive guide on cost efficient trustee fees will pull back the curtains on what corporate trustees do and how they charge their fees. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. Comprehensive trust administration, education, and proactive client service for your family. Previously, Lou Anne served as Director of the State Advocacy Resource Center of the American Medical Association, where she represented the AMA before the highest levels of state political and medical organizations. in Advertising Management with a Minor in Organizational Leadership from Michigan State University. 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 Sharon is a registered CPA in Arkansas and is licensed to practice law in both Arkansas and Tennessee. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Currently, Michelle manages the business development team, who work in Cumberland Trusts headquarters and in each of its regional offices. 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. Zandra serves as a Senior Business Development Associate. Business Started Locally: Sara received a B.A. Provide regular disbursements to someone who is unable to manage large sums ofmoney. Working with your legal, financial, and tax advisors, we will ensure that assets are collected and properly administered; any obligations are satisfied; and property is distributed to or for the benefit of your heirs. Natalicia holds a degree in Finance with a minor in Accounting from Western Michigan University in Kalamazoo, Michigan. Caroline is a member of the Tennessee Bar Association, Nashville Bar Association, and the Estate Planning Council of Middle Tennessee. 1725.4) effective january 1, 2017: appeal from summary criminal conviction (includes $5 automation fee) $ 48: petition for appeal nunc pro tunc (includes $5 automation fee) $ 48 At death, a revocable trust designates a successor trustee and outlines distribution of the trusts assets. An outside scholarship may cover the access fee only if the scholarship provider submits to the Office of Financial Aid a written statement that stipulates the scholarship . 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. Prior to joining Cumberland Trust, Wendy worked for 28 years as a licensed insurance agent for Buschbach Insurance Agency in Illinois. For 35+ pages, please contact the County Clerk's office at (304) 264-1927. Before joining the Cumberland Trust team, Jared worked as an associate attorney at Hagan Law Group, PLLC in the practice areas of business law, property law, and estate planning. in Economics and Finance from Baylor University in Waco, Texas. 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. $25.00 per occurrence, maximum of 4 Overdraft and / or Returned Item Fees per day. Prior, Meg practiced as an Associate Attorney at Goodman Callahan Blackstone, PLLC, handling Estate Administration and Probate. Use This Bucket Approach From Morningstar, IRS Offers New Rules on Deadline for Using Retirement Forfeitures, Billionaire Investor Bill Gross Rips Absurd CNBC Over Cathie Wood, Automatic 401(k) Enrollment Could Be Coming Soon, House Votes to Overturn Rule Allowing ESG Investing in Retirement Plans, Markets Are Trying to Figure Out What to Anchor to, Strategist Says, Why European Stocks are Currently Outperforming US Stocks, Bond King Jeffrey Gundlach Prepares for Recession 2023. Susan Smith joined the Cumberland Trust team in Atlanta in 2017 to help service the ever-growing Georgia market. Heather Savage is Senior Vice President and Business Development Officer based out of Cumberland Trusts Knoxville office. Prior to joining Cumberland Trust, Susan served as a Presentation Specialist at SunTrust Bank, where she was dedicated to content development and messaging strategy for commercial client services. SCAM ALERT: Phone scams requesting money have been reported. 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. 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. Tennessee continues to distinguish itself as a desirable state for trusts, and new legislation maintains this advantage. Sara Kate focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. The trustee services offered by an individual trustee mirror those offered by a corporate trustee. Specialized expertise combined with care and compassion for your family. As a Trust Officer, Emily provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Phillip holds a Bachelors degree in Business Administration with a concentration in Business Management from the University of Mississippi. Matt Skeens joined Cumberland Trust as a Trust Administrator in 2022. $20.00. 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. As Corporate Strategy Officer, Jessica develops the framework and plans to support long-term strategic initiatives for Cumberland Trust. Wherever fees go, he says, there are going to be a lot more entrants in the trust service business.. Our mission is to preserve the natural resources of Cumberland for present and future generations by preserving land for open space. 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. 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. Beth Lee joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. degree in Sociology and minor in Psychology from the University of Southern Illinois-Edwardsville. $20. For a client with that kind of wealth, the $20,000 translates into at most 40 basis points a yearpretty low by industry standards. Senior Vice President & Managing Director, Trust Administration, Vice President & Director, Personal Trust Administration, Vice President & Trust Officer, Administration Manager. Her background also includes experience in federal and state contract management, and insurance defense litigation. Highway Opening Permit Application. This person has built an asset base and wants to ensure that those assets are distributed according to their wishes. Runcie is a licensed attorney and CPA. Assistant Vice President & Special Assets Officer. in Business Administration with an emphasis in Accounting from Berea College in Berea, Kentucky. Kim holds a B.S. Site by Circa Creative Studios. During her time at U.S. Trust, she assisted families with multi-generational financial planning, credit needs and overall wealth management services. What Investors Need to Know about SECURE 2.0 Provisions, Need Help With Your Asset Allocation in Retirement? Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply. Judy serves as Vice President and Trust Officer on the estate administration team. 2022 Orphans' Court Calendar (pdf) 2022 Full Court Calendar (pdf) Rules. Assistant Vice President & Account Transfer Manager. This document allows the trust creator or grantor to place selected assets in trust. Schedule a Visit. Mr. Presley is a licensed attorney and Certified Trust and Financial Advisor (CTFA). 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. Plan, preserve, and protect your legacy for generationstocome. In this role, Douglas works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Fee Schedule - Effective July 2021. I'm Worried About How Inflation Will Affect My Retirement Savings. But at that level, its going to be very difficult to stay in the business.. Wealth Advisors Trust Co. trustee fee schedule rests on hourly, fixed and percentage of assets. Andrew Serpico joined Cumberland Trust as a Trust Specialist in 2021. in finance from Auburn University. He received a J.D. Senior Vice President & Managing Director, Tax. Rene Frederiksen joined Cumberland Trust 2015. Our Cumberland Trust Family is Here to Take Care of Yours Trusted relationships are at the heart of what we do. He assisted the senators staff in the drafting of legislative documents, helped prepare for Senate Appropriation Committee meetings, and learned about the legislative process from behind the scenes. Stocks, after a few years of. Agency trust fee schedules are unique as they fall under agency trustee services. Previously, Shelby held positions at a nationwide mortgage lender and with a Nashville real estate team. The grantor does not have to be significantly wealthy or have a large number of properties or assets. As a member of the Personal Trust Administration team specializing in Distinctive Care, Andrew provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. 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). 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. in Finance with a concentration in Entrepreneurship from the University of Tennessee, Knoxville. The resulting team of experts then works together to provide the beneficiary with care and expertise, ensuring optimal management and administration of the trustorestate. Prior to joining Cumberland Trust, Phillip worked as an intern on Capitol Hill for U.S. She focuses on providing premier and attentive service to our clients and families with special needs. Accountability. from Simon Fraser University in Vancouver, British Columbia, and an M.B.A. from Western Governors University. 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, he worked in the financial solutions industry. cumberland trust fee schedule. Previously, Debbie led the Special Needs Trust team unit at Arden Trust Company in Phoenix, Arizona. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. 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. and MBA from the University of Memphis. No fee. Vice President & Director, Special Needs Trust Administration. Tennessee has long been a friendly state to trusts, thanks to its favorable tax laws and its adoption of a handful of important asset protection legislation: The Prudent Investor Act, passed in 2002, encourages the use of modern portfolio theory in managing trust assets and defines how trust investment management may be delegated to an investment manager. Estate and post-mortem trust administration to honor, support, and carry out your wishes. Alexbeganat Cumberland Trust workingon the legal team and then transitioned to the administration of trust accounts. Katrina holds a B.S.B.A (magna cum laude) in Marketing with a minor in Hospitality from the University of Central Florida. did chimney and maddie break up; san diego housing authority cumberland trust fee schedule. Senior Vice President & Managing Director, Corporate Development. She earned a J.D. 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. Jennie serves on the Board of Directors of The Association of Trust Organizations. LOCATIONS NEAR ME Resources and Insights Gina holds a B.S. Overview. Jeiman earned a Bachelors degree in Business and Technology from the University of Connecticut. She retired her real estate license after serving the Franklin, Tennessee community for twelve years. He holds a B.S. No cost to post a project to get multiple bids in hours to compare before hiring. Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. Originally from New York state, Bob holds a Bachelor of Science degree in Engineering from Rochester Institute of Technology. Sarah holds a bachelors degree in Finance from Washington State University. In this role, Sarah collaborates with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. Additionally, he is on the Board of Directors of the Center for Living and Learning and on the Advisory Board for Men of Valor. He currently coaches for the Nashville Predators youth hockey teams. Natalicia has been a member of the National Associate of Realtors and Greater Nashville Realtors Association since 2017. David Shetler joined the Cumberland Trust team in 2020. Lindsay holds a Bachelor of Music in Music Therapy with a Minor in Psychology from the Berklee College of Music in Boston, Massachusetts. Thats about where vanilla Commonwealth trusts start, Jim McMackin, who runs the companys marketing, told me. Harriet received a B.S. 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. Dudleys experience includes working as Senior Vice President at First American National Bank. realized gains on the sale of any and all trust assets. Harriet White joined the Cumberland Trust team in 2012. Previously, she served as a Trust Specialist in administration and as she developed relationships there, Lindsay discovered that what she enjoys most is speaking with clients and interacting with them more personally on a daily basis. Brianna McCray joined Cumberland Trust as a Trust Specialist in 2021. Assistant Vice President & Marketing Manager. Quarterly fee of $15.30 per account. Michelle holds a bachelors degree in Education from Aquinas College. Carla Hale joined Cumberland Trust in 2009. Vice President & Director, Special Assets. Previously, Alex was the Powerlifting Coach for the Northern Illinois Special Olympics Team for two years. Posted on . Over her tenure at Cumberland, she has gained a broad knowledge of the trust industry and has worked with a variety of trust types and circumstances. Senior Vice President, Special Counsel & Chief Regulatory Compliance Officer. Site by. In this role, Shannon leads the companys business development team as they connect individuals, families and their financial, legal, and tax advisors with Cumberland Trusts high caliber trust and estate administration services. in Psychology from Agnes Scott College in Decatur, Georgia. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. He received a J.D. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. While attending college, she interned with a commercial real estate investment firm. Provide income for the trust creator during their lifetime with the remainder left to a charity orinstitution. LOCATIONS NEAR ME Resources and Insights 2022 New Year's Resolutions Remainder beneficiaries are those beneficiaries that succeed the interest of the current beneficiaries. 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. While in law school, she developed a passion for estate planning during her time in the Homer A. Jones, Jr. Wills Clinic. from the University of Memphis Cecil C. Humphreys School of Law. Lori is also a graduate of Belmont Universitys Center for Executive Education in Financial Planning and has obtained CFP certification. When I needed to indefinitely postpone my move, they kept all the information about how much furniture I had on . Zandra studied International Development at Sewanee: The University of the South in Sewanee, Tennessee and Economics at Roanoke College in Salem, Virginia. The announcement comes as Cumberland Trust recently reached $5 billion in assets under administration. She supports the estate administration team, providing care and attention to estate and post-mortem trust clients. Lou Anne Wolfson joined Cumberland Trust in 2013. The resulting team of experts then works together to provide the beneficiary with care and expertise, ensuring optimal management and administration of the trustorestate. really really smart guy in Math). from the University of Kentucky College of Law in Lexington, Kentucky. Kathy Roberts of Santa Fe Trust agrees. 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. Navigating trust and estate services can feel overwhelming, especially in times of loss or change. from the Cumberland School of Law at Samford University in Birmingham, Alabama. Please email recorder@cumberlandcountypa.gov or call 717.240.6370 to schedule an appointment. Andrew is an avid hockey enthusiast. unit 3: personal and business finance grade boundaries. She also manages a growing team of Special Assets Administration professionals providing specialized administration of these complex trust assets. 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. from the University of Florida School of Law. 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. She enjoys volunteering with animal rescue organizations and supporting various charities to help fight against animal cruelty. Some wills can establish trusts for asset protection purposes or determine guardianship of minor children in the event of both parents death. The Tennessee Community Property Act of 2010 can benefit families nationwide. His duties include coordinating the purchase and disposition of trust held properties, ordering and analyzing appraisals and overseeing the management of special assets and properties held in trust. Prior to joining Cumberland Trust, Millie served as an Associate Wealth Advisor at Truxton Trust, providing sophisticated and personalized wealth management services. Prior to joining Cumberland Trust, Ryan worked for litigation firmshandling cases involving complex commercial litigation, bankruptcy, and personal injury. 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. C. Runcie Clements, IV joined Cumberland Trust and Investment Company in 2002 and serves as Chief Legal Officer and General Counsel. From checking and savings products to business loans . He received a J.D. Previously, she practiced estate planning and probate law in Cincinnati, Ohio, working closely with the trust department of a local bank.