Meg holds an A.B. All rights reserved. Creates engaging experiences that inspire conservation action. Previously, she practiced estate planning and probate law in Cincinnati, Ohio, working closely with the trust department of a local bank. Previously, Alex was the Powerlifting Coach for the Northern Illinois Special Olympics Team for two years. (Really big clients get institutional-strength discounts. realized gains on the sale of any and all trust assets. She supports the estate administration team, providing care and attention to estate and post-mortem trust clients. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. It really does depend on what the client wants us to provide, he says. 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. In this role, Riley works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. Previously, Caitlyn worked as an associate manager at Tumi Inc. and, before that, as an Intern for House Representative Jim Cooper. in Education from Middle Tennessee State University and a Paralegal Certification from Southeastern Paralegal Institute in Nashville, Tennessee. Robert focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Remainder beneficiaries are those beneficiaries that succeed the interest of the current beneficiaries. 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. Vice President & Business Development Officer. Prior to joining the legal team, Caroline worked as a Trust Officer in the estates administration department overseeing administration of estate and administrative trust accounts. in History of Art and Architecture from the University of Reading in England. 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, Rene was Vice President and Trust Advisor with SunTrust Bank and prior to that she was Director of Planned Giving for the YMCA of Middle Tennessee. Shelby Carpenter began work at Cumberland Trust in 2016. She earned a J.D. Elizabeth Kaegi joined the Cumberland Trust legal team in 2021 and serves as Fiduciary Counsel. Susan earned a B.A. As Vice President, Trust Officer and Manager in personal trust administration, Jared leads a team of personal trust relationship managers and specializes in guiding high-net-worth clients and their professional advisors through the administration of personal trusts. Scott Martin, contributing editor, The Trust Advisor. He is licensed to practice law in Tennessee. Additionally, she serves as a member of the St. Louis Estate Planning Council. We dont take a trust that isnt going to be profitable, she told me. 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. Prior, Beth served as Vice President and In-House Counsel for a nationwide franchise. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. $10. 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. As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. $20.00. Choosing Cumberland Trust provides the peace of mind that comes from knowing you will have a qualified, caring, and independent corporate executor or trustee. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Tennessee continues to distinguish itself as a desirable state for trusts, and new legislation maintains this advantage. Lindsay has a wealth of experience in customer service and provider relations in the healthcare field as well as teaching and communications. Outside of work, Stephen enjoys supporting charitable organizations that help raise funds for various non-profits, such as the USO. Previously, Leslie served as a trust officer, overseeing trust account management and administration. She enjoys welcoming clients and guests, making them feel comfortable and at ease. clerk of court's fee bill adopted pursuant to 42 pa.c.s.a. Eloise Schroer joined Cumberland Trust as a Trust Specialist in 2022. She also studied abroad at the University of Aberdeen in Scotland. Currently, Michelle manages the business development team, who work in Cumberland Trusts headquarters and in each of its regional offices. Outside of work, he enjoys volunteering with the North American Versatile Hunting Dog Association (NAVHDA). Meredith graduated from Boise State University in Boise, Idaho with a bachelors degree in Business Administration. 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. 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. 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. He holds a B.B.A. She has eight years of customer service experience. overpaid mortgage interest refund. She also works with the compliance department to help ensure that accounts are opened and documented accurately. TRUST MANAGEMENT FEE MARKET VALUE OF ASSETS ANNUAL FEE First $1 Million 1.20% Next $4 Million .95% Next $5 Million .65% . To contact us, click here. Previously, while attending law school, he served as a law clerk to the Honorable Judge Kathleen N. Gomes in Division 1 of the Shelby County Probate Court. If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply. 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. With 15 years of experience in the financial and banking industry, Jeiman brings a high level of expertise to her clients. 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. 2021 Cumberland Trust. Lindsay earned a B.A. We believe our relationship managers should be fully focused on their current clients. Preservation fee is $1.00 per page for pages 1-9, $2.00 per page for pages 10-19, $3.00 per page for pages 20-29, $4 per page for pages 30-34. Do you want to learn more about personalized trust and estate services? Prior to joining Cumberland Trust, Dan was Vice President and Audit Supervisor of Internal Audit for Reliance Trust Company/Fidelity National Information Services, Inc. (FIS). Previously, David interned at Valmont Investments and ECOM USA working with real estate and commodities. 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. in Economics from Sewanee: The University of the South in Sewanee, Tennessee. She received her J.D. Previously, he focused on the administration of life insurance trusts. 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. Estate and post-mortem trust administration to honor, support, and carry out your wishes. All rights reserved. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. 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. Trusts offer an excellent way to plan for the future. in Finance from the Middle Tennessee State University. Source: Websites and telephone interviews. 633 Chestnut Street Industry Financial Services Revenue $2.0M Employees 121 Founded in 2001 Headquarters Nashville, TN Website cumberlandtrust.com Organization Type Private Is This Your Company? With it, you can use a trust company with trustee fees on your terms. Prior to joining Cumberland Trust, he worked as a Portfolio Property Manager at Metropolitan Property Management. 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. LOCATIONS NEAR ME Resources and Insights A corporate executors actions are subject to periodic reviews, not only by the beneficiaries but also by independent auditors and regulatory examiners. While theyre a valuable component of estate planning, trusts offer more than simply a way to disburse assets upon death or minimize paying taxes. 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). He specializes in guiding high-net-worth individuals and families through the administration and management of personal trusts and foundations. Previously, Rene held the role of Senior Vice President and Managing Director, Corporate Development, working with our business development team to manage our growth throughout the country and implementing strategic initiatives. from the Nashville School of Law. in Advertising and Public Relations from the University of Arkansas. The Uniform Trust Code, passed in 2004, provides a comprehensive set of laws that allow a trust to be administered very efficiently and effectively. He is a First Lieutenant in the U.S. Army JAG Corps, Reserve Component. He also holds a Six Sigma Yellow Belt certification. In some cases, the creator of the trust may also name himself as co-trustee to be responsible in part for administering the trust. She continues to volunteer with the Harpeth Conservancy working on the Tennessee rivers. Jennie Menzie joined Cumberland Trust in 2012 and serves as President, Chief Operating Officer, and Corporate Counsel. A beneficiary can be a person or an institution. Schedule a Visit. Roberts previous experience also includes roles at LegacyTree Foundation and Regions Bank. Alex Gillott has been with Cumberland Trust since 2013. in Finance and Economics from Lipscomb University and is a graduate of Southern Trust School. Danielle Croteau joined Cumberland Trust as a Trust Specialist in 2022. 120+ dedicated, trusted experts to serve your family, support your team, and ensure your lasting legacy. Senior Vice President & Managing Director, Corporate Development. All rights reserved. Some wills can establish trusts for asset protection purposes or determine guardianship of minor children in the event of both parents death. Prior to joining Cumberland Trust, she worked as a Branch Manager with SunTrust Bank in Nashville, TN. As Corporate Strategy Officer, Jessica develops the framework and plans to support long-term strategic initiatives for Cumberland Trust. $25.00. But beyond that level, technology keeps improving and letting efficient trust companies bring down their overall cost proposition. This legislation allows all of the trust creators top advisors to be involved in the trust management. in Finance with a concentration in Entrepreneurship from the University of Tennessee, Knoxville. For example, if the trust is worth $2 million, the trustee would receive $20,000 compensation that year. Natalicia has been a member of the National Associate of Realtors and Greater Nashville Realtors Association since 2017. Lorena holds an Associate degree in Business from Nashville State Community College. In this role, Douglas works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. 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. Fee Schedule Fee Schedule The Recorder's Office accepts the following payment methods: Checks* - Checks should be made payable to "Recorder of Deeds". High-touch administration for those needing additional support. Previously, she managed grantor and decedent trust administration teams with Edward Jones. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. Asha holds a B.S. Papers for birth certificate in another county one year or more after birth. in Music Business from Belmont University. Corporate Secretary, Senior Vice President & Managing Director, Compliance and Audit. from the Indiana University Robert H. McKinney School of Law in Indianapolis, Indiana. Location of This Business. He received his J.D. Alex holds a B.S. As a trust administrator, Donna collaborates with legal, financial, and tax professionals to ensure all aspects of an estate are given careful attention. Douglas is a member of the Young Alumni Council and Gordon Ford College of Business Associates at Western Kentucky University. Senior Vice President & Managing Director, Trust Administration. Jared received a B.S. Melissa Murray joined the Cumberland Trust Special Needs Trust Administration team in 2021. Senior Vice President & Managing Director, Operations/Technology. from Belmont University College of Law in Nashville. Previously, Zandra worked in retail management. Helina works with the compliance department to help ensure that accounts are opened and documented correctly. * Preservation fee added to every recorded . In this role, Millie works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. She also has experience working in personal trust administration with clients requiring senior care and special care services. All other documents. Vice President & Director, Special Assets. Quarterly fee of $15.30 per account. Prior to joining Cumberland Trust, Chase worked at Bellhops in Chattanooga as a Business Analyst. Previously, Elsie worked at Mom and Pop Records assisting with artist management and as a youth specialist at the YWCAs Girls, Inc. program. Kim holds a B.S. She is responsible for overseeing the development team and its new trust opportunities. 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. Caroline holds a B.A. 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. Her background also includes experience in federal and state contract management, and insurance defense litigation. The resolution next moves to the Democratic-majority Senate. Laylas background also includes experience in utilities regulation while conducting legal research and writing for the Louisiana Public Service Commission. The Grantor is the creator of the trust. Michelle holds a bachelors degree in Education from Aquinas College. Katrina Martin joined the Cumberland Trust team in 2020. Dayton received his B.A. Once a Northern Trust account grows beyond $30 million, the company will only charge 5 basis points: $500 a year per $1 million.). Robin studied Business Administration at Draughons Junior College of Business in Paducah, KY. Helina Mekuria joined Cumberland Trust in 2018. Safe Deposit Box Rental . Brianna McCray joined Cumberland Trust as a Trust Specialist in 2021. Douglas earned a B.S. She serves as Assistant Vice President and Trust Officer. Zandra Ribas joined the Cumberland Trust team in 2019. She received her Masters degree in Management from Embry-Riddle Aeronautical University. Contact Us; Quick Links. In his leisure time Tim enjoys reading and crafting heirloom, hardwood rocking chairs for adults and children. She focuses on delivering responsive and personalized trust administration services. Comprehensive trust administration, education, and proactive client service for your family. Beth focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Site by Circa Creative Studios. Katelynn Novak joined Cumberland Trust as a Trust Specialist in 2021. She is licensed to practice law in Arkansas and Tennessee. 40 Burton Hills Boulevard Suite 300, Nashville, TN 37215-6292. In this role, she works closely with external and internal auditors, while focusing on Fiduciary Compliance, Corporate Compliance, and Regulatory Compliance. The grantor does not have to be significantly wealthy or have a large number of properties or assets. She also holds an MBA from Bethel University in McKenzie, Tennessee. Shelby holds a B.S. 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. Growth Permit Application - Fillable. Chase holds a Bachelors degree in Finance from the University of Tennessee at Chattanooga. He received his J.D. "Northern Trust in Delaware charges a reasonable, competitive fee and in return provides comprehensive services to our directed trust clients backed by more than 120 years of experience as a fiduciary, Lindley told me. Outside of work, Ryan enjoys volunteering at the St. Philip Legal Clinic in Franklin, TN. Dan Jernigan serves as Corporate Secretary, Senior Vice President, and Managing Director of Compliance and Audits for Cumberland Trust. All rights reserved. Stocks, after a few years of. Previously, Haley worked as a trust specialist in the Distinctive Care Division, specializing in providing assistance to trust officers and administrators, and focusing on supporting clients with special needs. in Accounting. Leslie earned a B.A. As Vice President and Trust Officer, Sara manages personal trust relationships. Prior to joining Cumberland Trust, he was a Financial Consultant at Fidelity Investments in Chesterfield, Missouri. 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 Art History with a minor in French from Sewanee: The University of the South in Sewanee, Tennessee. from Quinnipiac University School of Law in Hamden, Connecticut. Prior to joining Cumberland Trust, she was a Trust Officer at First Tennessee providing account and administration support to families in the areas of personal trust, employee benefits, and investment management. 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. , passed in 2007, allows the creator of a trust to place assets in a Tennessee Investment Services Trust, also known as a self-settled or asset protection trust, to protect them from future lawsuits, creditors, and other predators. from the University of Kentucky College of Law in Lexington, Kentucky. Prior to joining Cumberland Trust, she worked for eight years in Special Education for the Williamson County School District. Depending on your needs, establishing a revocable living trust is another option your attorney might recommend as part of your estate plan. Vice President & Trust Officer, Administration Manager. She assists in the onboarding of new Cumberland Trust clients and their advisors, providing attentive support during times of change. Each time they were early or on time, fast, and provided excellent service. 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. in Business Administration from Auburn University. Based on the west coast of Florida, Bob regularly frequents the major markets across the state. To make sure your institution is included or excludedin theJuly 2nd editionof this survey please let us know. in Psychology from Agnes Scott College in Decatur, Georgia. Business Started Locally: A corporate executor, with many on-staff professionals, is always available. Danielle is currently pursuing an MBA with a concentration in Finance. As Cumberland Trust grew, Michelle developed the blueprint for expansion into regional markets and she worked to open our nine regional offices. We balance any requests against the interest of both the current income and remainder beneficiaries. She is a member of the National Trust Real Estate Association (NTREA), as well as the National Trust Closely Held Business Association (NTCHBA). In this role, Avery works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. Earlier in her career, Lou Anne worked in the Cook County States Attorney Office in Chicago as an Assistant States Attorney and Prosecutor in the Appellate Division and then in the Abuse and Neglect Division of Juvenile Court. Lindsay Hardin joined the Cumberland Trust team in 2015. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. in Family and Consumer Sciences from the University of Georgia. Dudley holds a B.A. No. Prior to joining Cumberland Trust, Emily worked at a holistic wellness center working with client families. Jeiman earned a Bachelors degree in Business and Technology from the University of Connecticut. Provide for the management of an individuals assets should he or she becomeincapacitated. She earned an MBA and B.S. Stephen received a B.S. Cumberland County - Tennessee. Control is non-issue. Plans for recording must have a scheduled appointment. Sara Kate holds a B.A in Journalism and English with a minor in French from Indiana University Bloomington. Creating a trust can protect your assets and make sure those assets are managed for the benefit of your children or loved ones. 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 received a J.D. April is also a graduate of ABA Trust School, as well as Cannons Unique and Hard to Value Assets School. in Education with Majors in Kinesiology and Criminology from The University of Tennessee, Knoxville. Vice President & Director, Special Needs Trust Administration. Prior to joining Cumberland Trust, she held positions at Farmington Mortgage and Franklin Synergy Bank. 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. One of the resulting benefits. Mr. Presley holds a B.A. She also manages a growing team of Special Assets Administration professionals providing specialized administration of these complex trust assets. and M.Ed in Special Education from the College of Charleston. Avery Oaks joined Cumberland Trust as a Trust Officer in 2022. Laura holds a Bachelor of Social Work from the University of Mississippi and a Master of Social Work from St. Louis University. The upshot is that by concentrating on high-end clients, a white-glove firm like Northern Trust can build a lot of sizzle into its steak, even though the cost per dollar of AUM is comparable to what bare-bones vendors charge. Prior to joining Cumberland Trust, he held corporate accounting positions at internet start-ups and Fortune 500 companies. She studied abroad at the University of London through Biederman Entertainment and Media Law Institute. in Accounting from Manhattanville College in New York. Vice President & Director, Special Asset Administration. 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. As with the TISA, this act requires that the trustee is a Tennessee resident or trust company. Natalicia serves as a Assistant Vice President and Special Assets Officer, working with unique, illiquid, and hard-to-value assets held in trust. Request Information Schedule A Visit You're ready for this. Northern Trust doesnt publish its fee scale, but president Dan Lindley was kind enough to give The Trust Advisor a peek. A thoughtful estate plan is one of the best gifts you can leave to your family and loved ones. Even though a 1% or 2% annual fee doesn't seem like much, tax-free municipal bonds yield less than 5%, so a management fee can easily gobble up 20% of the return. Birth certificate certified copy. Ryan earned a Bachelor of Business Administration degree (B.B.A.) Previously, he worked in the music industry for eight yearsspecializing in song licensing and royalty administration with Capitol Christian Music Group (formerly EMI) and Music Services. 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). Tenisha received her masters degree from Ohio University and B.S. Assistant Secretary, Assistant Vice President & Director of Finance. The Playhouse celebrates its 50th . Leslie is a member of the Tennessee Bar Association and is licensed to practice law in Tennessee. Shelly graduated cum laude from the Fredric G. Levin College of Law at the University of Florida, where she also served as an editor of the Law Review. Prior to joining Cumberland Trust, Sloan worked for more than 14 years as a Private Banker and Assistant Vice President with U.S. Trust Private Wealth Management in Nashville, TN. Susan Smith joined the Cumberland Trust team in Atlanta in 2017 to help service the ever-growing Georgia market. Lauren holds a bachelors in business administration and a MBA from the University of Mississippi. Together, she and the Special Needs Trust Administration team support families and individuals with Special Needs and collaborate with their financial, legal, and tax advisors. EMAIL. Prior to joining Cumberland Trust, Avery was an associate attorney at Brazil Clark, PLLC and worked as an Investment Advisor at Valor Financial Services. Sara Kate Nash joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. Rachel Fuqua joined the Estate Administration team as a Trust Officer in 2015. in Communication Studies with an emphasis in Public Communications from Marshall University in Huntington, West Virginia. degree in Sociology and minor in Psychology from the University of Southern Illinois-Edwardsville. in Psychology from Sewanee: The University of the South in Sewanee, Tennessee and an M.B.A. from Concordia University in San Antonio, Texas. She develops and implements marketing initiatives for Cumberland Trusts ten offices. 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. Other important documents to consider when drafting a will include power of attorney(s). Matt Skeens joined Cumberland Trust as a Trust Administrator in 2022. Prior to joining Cumberland Trust, Jennie was Director of Client Strategy and Product Development at Trilliant Health.

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