Rachel now leads the Estate Administration department, which administers trusts and estates of various sizes and complexity throughout the southeast. Prior to joining Cumberland Trust, Robin served in multiple roles over six years with Brookdale Senior Living, Inc., including, Senior Living Advisor, RTA Specialist, Connection Center Supervisor, and Quality Assurance Specialist. Prior to joining Cumberland Trust, she served as the trust administration team lead at the Bank of Jackson Hole, Wyoming. Sara Kate focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. . in Accounting. She received her J.D. 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. Vice President & Director, Estate Administration. Most of the people I talked to say the cost of running a trust has already gone about as low as it can go. 633 Chestnut Street She received a B.A. As Vice President and Manager, Business Development Associate, Carla oversees the onboarding of new business in the Nashville area while managing a team of engagement officers. in Economics from Smith College in Northampton, Massachusetts. She was awarded the Certified Trust and Financial Advisor designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. She is also a graduate of the Commercial Banking Executive Program at the University of Virginia Darden School of Business. 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. 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. Cumberland County - Tennessee. Robert focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. She was formerly the Head Girls Varsity Tennis Coach at Ensworth High School for the 2017-2020 seasons and now coaches independently from a private court in West Meade. Stephen received a B.S. Previously, Evelyn worked in the banking industry, with experience in audit management, commercial relationship management, and credit analysis. Vice President & Director, Special Asset Administration. He is a First Lieutenant in the U.S. Army JAG Corps, Reserve Component. In this role, Sara Kate works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. cumberland trust fee schedule. Interpretation Appeal Application - Fillable. With a connected team of 120+ experts at your service in 10 offices nationwide. 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. Kathy Roberts of Santa Fe Trust agrees. Prior to joining Cumberland Trust, Elizabeth practiced as a contract attorney with Legility, LLC. Bob Carville joined the Cumberland Trust team in 2022. As a Business Development Officer, Bob focuses on building relationships with financial advisors, attorneys, and tax professionals throughout the state of Florida. Eloise holds a bachelors degree in International Global Studies with a minor in French from Sewanee: The University of the South. Mary Elizabeth Carothers joined Cumberland Trust in 2021. Shannon McGarrity joined the Cumberland Trust team in 2022 as Senior Vice President and Managing Director in Business Development. Additional fees may apply for special services. Previously, she managed grantor and decedent trust administration teams with Edward Jones. Prior to joining Cumberland Trust, she practiced as an associate attorney with a bankruptcy firm. Choosing Cumberland Trust provides the peace of mind that comes from knowing you will have a qualified, caring, and independent corporate executor or trustee. She is a member of the National Trust Real Estate Association (NTREA), as well as the National Trust Closely Held Business Association (NTCHBA). Natalicia serves as a Assistant Vice President and Special Assets Officer, working with unique, illiquid, and hard-to-value assets held in trust. Please email [email protected] or call 717.240.6370 to schedule an appointment. Prior to joining Cumberland Trust, she worked as an elementary and middle school teacher for more than 20 years in Philadelphia, Nashville, and Pegram. Caitlyn serves as a Trust Officer, focusing on the day-to-day administration of Special Needs Trust (SNT) relationships. in Economics from Sewanee: The University of the South in Sewanee, Tennessee. 2021 Cumberland Trust. in Sociology from Middle Tennessee State University (cum laude) with minors in Global Studies and Business Administration. in Political Economy from Sweet Briar College in Sweet Briar, Virginia. in finance from Auburn University. Layla has extensive experience in due diligence, contracting, and compliance. Laura Hawken joined Cumberland Trust in 2019. Plumbing Permit Application. Prior to joining Cumberland Trust, Sharon spent 16 years as an estate tax attorney with the Internal Revenue Service, where she examined federal estate and gift tax returns and ensured compliance with tax law. While attending college, she held various internships in sales and marketing. Heather Savage is Senior Vice President and Business Development Officer based out of Cumberland Trusts Knoxville office. It all depends on the size of account they're courting and what makes economic sense, Christopher Holtby, president of Wealth Advisors Trust Company, told me. Site by. . from Purdue University Global. Katelynn holds a B.S. cumberland trust fee schedule. 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. Credit cards - Credit card payments are being processed through Value Payment Systems (VPS). 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. Lori Thoeny joined Cumberland Trust in 2008 after working more than 15 years in the brokerage industry. She focuses on helping clients needing extra support through the coordination of distinctive care services. Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. 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 . Phillip assists in the administration of post-mortem estates and works with clients and beneficiaries to understand the steps of the estate process. 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. Emily holds a B.S. What are Tennessee Community Property Trusts. from Southwestern Law School in Los Angeles. 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. Yes, we have a team that focuses on the administration of illiquid assets held in trust. in Business Administration from Belmont University (magna cum laude). Natalicia Hosseinzadeh joined the Cumberland Trust team in 2018. in Political Science from the College of Charleston and serves on the Committee for Institutional Advancement for the Tennessee Performing Arts Center. He also holds a Six Sigma Yellow Belt certification. 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. As Cumberland Trust grew, Michelle developed the blueprint for expansion into regional markets and she worked to open our nine regional offices. Previously, Caitlyn worked as an associate manager at Tumi Inc. and, before that, as an Intern for House Representative Jim Cooper. Zandra Ribas joined the Cumberland Trust team in 2019. For many families, naming a corporate executor, co-executor, trustee, or co-trustee is preferable to burdening a family member with such a role. Rates effective: June 28, 2013. degrees in Finance and Management from Lipscomb University. 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. Prior to joining Cumberland Trust, Heather worked for 11 years at medSR, creating and overseeing their human resources and administrative functions. Full-Time. She is a Fellow in Charitable Estate Planning from the Institute of Charitable Estate Planning. Robert holds a B.S. High-touch administration for those needing additional support. 19 reviews of Cumberland Park Apartments "I lived in Cumberland Park for approximately 7 months during an internship. Michelle is a regular speaker for industry-related events nationwide, and she has been published in The Tennessean. Runcie is a licensed attorney and CPA. Dayton Hale joined Cumberland Trust in 2013 as a Trust Officer for special assets. cumberland trust fee schedule. Over the past several decades, many states have worked to update trust legislation. A healthcare or financial power of attorney can give the individual(s) you select the authority to make healthcare and financial decisions on your behalf in case you become incapacitated. How Can I Protect My 401(k)? She currently volunteers with CASA, which advocates for children who are in the foster care system seeking permanent homes. from the University of Memphis Cecil C. Humphreys School of Law. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. 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. Previously, Millie worked in the interior design industry where she specialized in developing interior design solutions and delivering superior client service. Prior to joining Cumberland Trust, she worked as a Branch Manager with SunTrust Bank in Nashville, TN. Bid Notifications. Each relationship manager is part of a team, so there will always be someone available who is familiar with the account. With a connected team of 120+ experts at your service in 10 offices nationwide. Tennessee continues to distinguish itself as a desirable state for trusts, and new legislation maintains this advantage. Previously, he served as Vice President of business development for a regional trust company in western New York. Prior to joining Cumberland Trust, she worked as a leader of the Activities Department at Abes Garden Alzheimers and Memory Care Center. The grantor has ultimate control in setting up the trust: which assets will be transferred into trust, who will serve as trustee while he or she is living and after his or her death, and how the trust property will be administered during or after his or her lifetime. Avery Oaks joined Cumberland Trust as a Trust Officer in 2022. Sarah focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. All rights reserved. Before joining Cumberland Trust, Tenisha worked as a paralegal for the Law Office of Rob McKinney. Outside of work, Millie enjoys reading, hiking, traveling, and spending time with friends and family. She was awarded a J.D. Chris is a chartered Financial Analyst (CFA) and Certified Trust and Financial Advisor (CTFA). Previously, she practiced Entertainment Law and Labor and Employment Litigation. Instead, a trust helps to ensure your assetsthe ones that youve worked so hard to buildare distributed in the time frame and manner you desire. She continues to volunteer with the Harpeth Conservancy working on the Tennessee rivers. Other important documents to consider when drafting a will include power of attorney(s). If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply. in Advertising Management with a Minor in Organizational Leadership from Michigan State University. $12.00 for the first 5 pages, $1.00 for each additional page. Millie Adams joined Cumberland Trust as a Trust Officer in 2022. Danielle is currently pursuing an MBA with a concentration in Finance. For questions or to schedule an appointment, please call 717-240-6345 or email [email protected]. One of the resulting benefits. She has extensive knowledge in the preparation and review of legal correspondence and compliance documents. 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. Caroline is a member of the Tennessee Bar Association, Nashville Bar Association, and the Estate Planning Council of Middle Tennessee. 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. in Political Science from Vanderbilt University and his J.D. At Cumberlands start, Michelle, a Trust Officer, helped to establish the open architecture platform that focuses on helping families and forming partnerships with advisors. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. She specializes in estate and post-mortem trust administration, especially those involving complicated family structures and tax issues. In this role, Kim supports a team of relationship managers and focuses on providing responsive and attentive service to clients. Based on the west coast of Florida, Bob regularly frequents the major markets across the state. Lindsay Phillips joined Cumberland Trust as a Trust Specialist in 2022. Meredith focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. The Tennessee Community Property Trust Act, passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. Asha holds a B.S. Specialized Knowledge and Focused Administration, Conveniently Headquartered in Trust-Friendly Tennessee. Additionally, he is on the Board of Directors of the Center for Living and Learning and on the Advisory Board for Men of Valor. Previously, Chris served as Senior Vice President, Managing Director, and Head of Administration. 1 Courthouse Square Carlisle, PA 17013. From checking and savings products to business loans . She was awarded her J.D. In this role, Avery works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. Previously, Bonnie worked on Cumberland Trusts Operations team. Saving forretirementmay soon be mandatory with employers automatically enrolling new hires into plans when eligible. 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. Leslie is a member of the Tennessee Bar Association and is licensed to practice law in Tennessee. Rebecca holds a B.A. No fee. Lindsay has a wealth of experience in customer service and provider relations in the healthcare field as well as teaching and communications. in Public Relations with a Minor in Marketing from Belmont University. This fee is not to be assessed on assets for which the gross-value fee was Previously, Leslie served as a trust officer, overseeing trust account management and administration. Prior, Beth served as Vice President and In-House Counsel for a nationwide franchise. Prior to joining Cumberland Trust, she worked in telecommunications and has previous experience in accounts payable, accounts receivable, payroll and taxes. SCAM ALERT: Phone scams requesting money have been reported. Outside of work, he enjoys volunteering with the Cystic Fibrosis Foundation, traveling, and playing pickleball. Senior Vice President & Business Development Officer. Debbie has 32 years of experience in the trusts and estates industry. in Finance with a concentration in Entrepreneurship from the University of Tennessee, Knoxville. Dayton received his B.A. Prior to joining Cumberland Trust, he held corporate accounting positions at internet start-ups and Fortune 500 companies. At death, a revocable trust designates a successor trustee and outlines distribution of the trusts assets. Robin also has more than 10 years of experience in sales and customer service and retention with the USA Today Network (Gannett Company, Inc.) as a Sales & Retention Supervisor. Deed Of Trust. Jodi Monroe joined Cumberland Trust in 2013. 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. Decanting is a process whereby assets from an irrevocable trust are moved to a new irrevocable trust with updated provisions. Diseo y fabricacin de reactores y equipo cientfico y de laboratorio In her role, Shelly connects individuals, families and their financial, legal, and tax advisors with Cumberland Trusts high caliber trust and estate administration services. from Western Kentucky University in Bowling Green, Kentucky. Outside of work, Sarah enjoys spending time with friends and family. The Tennessee Community Property Trust Act. A corporate executor or co-executor can be especially helpful when modern family dynamics may be involved. In his role, Jody administers personal trusts, providing responsive service to our clients and their external advisors. Carla received a B.A. Senior Vice President & Director, Business Continuity & Information Security. He holds a B.B.A. Greg received a Business Administration degree, with minors in Organizational Management and Health Promotions from Aurora University, Aurora, Illinois. Vice President & Director, Special Assets. from the University of Illinois, Champaign-Urbana, IL where she majored in Economics. 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. She focuses on providing premier and attentive service to our clients and families with special needs. Previously, Lori served as Senior Vice President and Managing Director of Corporate Strategy. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. He received his J.D. Senior Vice President, Special Counsel & Chief Regulatory Compliance Officer. 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. Andrew is an avid hockey enthusiast. Prior to law school, Jared served as a Supply Chain Analyst with General Electric. Over the past several decades, many states have worked to update trust legislation. She also manages a growing team of Special Assets Administration professionals providing specialized administration of these complex trust assets. Katrina Martin joined the Cumberland Trust team in 2020. Additionally, she is a member of the Estate Planning Council of Middle Tennessee. Some vendors refused to participate in the survey because they either work on an a la carte basis (Peak Trust) or figure out what to charge once they see the trust paperwork (Commonwealth Trust). 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. 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. Senior Vice President & Managing Director, Tax. Republic Centre, Suite 1540 , passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. In this role, she reviews and drafts documents relating to incoming and transferring trusts. 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. Vice President & Business Development Officer. He holds a B.S. from Indiana University Maurer School of Law and is licensed to practice law in Tennessee. 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. Katelynn Novak joined Cumberland Trust as a Trust Specialist in 2021. Assistant Vice President & Special Assets Officer. (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. Outside of work, he enjoys volunteering with the North American Versatile Hunting Dog Association (NAVHDA). 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. Beth is a Certified Mediator and licensed to practice law in Tennessee. Previously, Elly served as a trust officer in Cumberland Trusts Nashville headquarters, administering trust relationships and providing direct client support. in Communications and English from Hope College in Holland, Michigan. This legislation allows all of the trust creators top advisors to be involved in the trust management. Brianna studied Business Administration at Georgia State University. Trusts offer an excellent way to plan for the future. Adriana holds a B.A. $25.00. Since the company's founding in 2001, it has grown to more than 120 employees, serving. Sara received a B.A. Previously, he focused on the administration of life insurance trusts. Previously, he served as Regional Sales Manager at Scottrade/TD Ameritrade. Practical Variance Appeal Application. Melissa Murray joined the Cumberland Trust Special Needs Trust Administration team in 2021. Nathan Hyde joined the Cumberland Trust team in 2002 and serves as Senior Vice President and Director, Business Continuity and Information Security. Previously, Eleanor worked as an intern for The Frist Centers development department and in the development and finance division of Christies New York.