He also holds a Six Sigma Yellow Belt certification. In this role, Andrea works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. In this role, Millie works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. 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. 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. While $3,000 happens to be what Advisory Trust charges on the low end, it does seem to be an informal sweet spot within the trust industry. Shannon McGarrity joined the Cumberland Trust team in 2022 as Senior Vice President and Managing Director in Business Development. Leslie earned a B.A. How Can I Protect My 401(k)? All rights reserved. If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply. What are Tennessee Community Property Trusts. She received her J.D. She is a member of the Society of Trust & Estate Practitioners and earned Financial Planning Certificates 1, 2, and 3 from the Chartered Insurance Institute in the UK. Others decide what your client will pay when the business is placed on the table. Rebecca Halvorson joined Cumberland Trust in 2010. Prior to joining Cumberland Trust, he worked as a Portfolio Property Manager at Metropolitan Property Management. Greg Sauers joined Cumberland Trust as a Trust Administrator in 2020. Layla received a B.S. Early on, she developed the Special Needs Trust group, serving the needs of client family members with disabilities. 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. . from Indiana University Maurer School of Law and is licensed to practice law in Tennessee. 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. Matt focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Senior Vice President & Managing Director, Tax Administration. Lorena has years of experience in multiple specialty areas of trust administration and currently serves as Assistant Vice President and Trust Officer in Special Needs Trust Administration. Assistant Vice President & Compliance Officer. Plumbing Permit Application. Cumberland Trust has grown to $5.6 billion in assets under administration and the company continues to deepen its reach in regional markets with additional offices located in Atlanta, Austin . Previously, Helina worked in the banking industry, with experience in data analysis and documenting accounts. Vice President & Director, Special Assets. Other important documents to consider when drafting a will include power of attorney(s). Additionally, she mentors trust officers and their teams, building connections between Cumberland Trusts relationship managers, external advisors, and clients. He also works with the compliance department to help ensure that accounts are opened and documented accurately. Prior to joining Cumberland Trust, Chase worked at Bellhops in Chattanooga as a Business Analyst. Business Started Locally: In this role, Owen works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. "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. Overview. Alex holds a B.S. Trust Fee Schedule. In this role, Zandra provides direct support to the business development team. Prior to joining Cumberland Trust, Meredith worked for over five years with Nike, Inc. in their Tennessee offices. Outside of work, Brianna has enjoyed volunteering at Atlanta Ronald McDonald House where she helped provide meals to patients and families in residence. Our team is experienced in handling specialized trusts, illiquid assets, and navigating complex family dynamics with diplomacy and respect. * Preservation fee added to every recorded . Please contact the Admissions Office at 615-547-1246 locally or 800-467-0562 to speak with your Enrollment Specialist or email admissions@cumberland.edu. 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. in Accounting. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. She has extensive knowledge in the preparation and review of legal correspondence and compliance documents. Outside of work, Stephen enjoys supporting charitable organizations that help raise funds for various non-profits, such as the USO. Each time they were early or on time, fast, and provided excellent service. Andrea holds a B.A. No fee. He is past President of the following organizations: the Estate Planning Council of Nashville, the Tennessee Bankers Association Trust Division, and the Planned Giving Council of Nashville. She received her J.D. Zandra Ribas joined the Cumberland Trust team in 2019. Prior to joining Cumberland Trust, she served as the founding Director of Operations for a Middle Tennessee anti-human trafficking nonprofit organization. As Assistant Vice President and Compliance Officer, Harriet ensures that accounts are opened or closed and documented accurately. 1 Courthouse Square Carlisle, PA 17013. Her experience includes developing and leading an internal middle office team to support attorneys, wealth management advisors and clients with the onboarding and funding of new trust and estate accounts and relationships. Natalicia serves as a Assistant Vice President and Special Assets Officer, working with unique, illiquid, and hard-to-value assets held in trust. 2017 TheTrustAdvisor.com, One thing we discovered: if you just want a no-frills account, Flinn adds, its probably going to cost at least $3,000 a year. The trustee services offered by an individual trustee mirror those offered by a corporate trustee. Lindsay earned a B.A. Her duties include coordinating the purchase and sale of properties held in trust, analyzing appraisals and inspections, overseeing the management of special assets owned in trust, and navigating complicated situations to provide excellent client service to families that have special assets in their trust portfolios. Caitlyn holds a B.S. Owen focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Its never as simple as just lining up the fees, says Mike Flinn, a Phoenix-based trust consultant. Vice President & Director, Legal, Senior Fiduciary Counsel. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. She retired her real estate license after serving the Franklin, Tennessee community for twelve years. Prior to joining Cumberland Trust, Douglas worked as a State & Local Tax Associate at KPMG LLP in Indianapolis, Indiana. Katelynn holds a B.S. It all depends on the size of account theyre courting and what makes economic sense, Christopher Holtby, president of Wealth Advisors Trust Company, told me. Lindsay has a wealth of experience in customer service and provider relations in the healthcare field as well as teaching and communications. Over the past several decades, many states have worked to update trust legislation. In his leisure time Tim enjoys reading and crafting heirloom, hardwood rocking chairs for adults and children. Jared received a B.S. in Communications and English from Hope College in Holland, Michigan. Specialized expertise combined with care and compassion for your family. How Can They Provide Better Service to Families. She has eight years of customer service experience. Carla received a B.A. She continues to volunteer with the Harpeth Conservancy working on the Tennessee rivers. Scott Martin, contributing editor, The Trust Advisor. Previously, Evelyn worked in the banking industry, with experience in audit management, commercial relationship management, and credit analysis. Based in Nashville, TN, Cumberland Trust is a small finance company with only 121 employees and an annual revenue of $2.0M. Trust Fee Schedule. Laura specializes in administration with distinctive care services, an extra level of support for clients. Since 1750, the Recorder of Deeds has maintained a permanent public record of deeds and documents related to the development, transfer, and encumbrance of real estate in Cumberland County. from the University of Memphis Cecil C. Humphreys School of Law. Meg holds an A.B. Prior to joining Cumberland Trust, Laura worked at Blakeford At Home as a Care Manager and Executive Director, providing older adults with information, services, and guidance to maintain the highest level of independence in their home. Fees for managing smaller trusts aren't calculated by percentage because it could eat up a lot of the trust funds. Shelly Donaldson serves as the Vice President and Business Development Officer based in Cumberland Trusts Atlanta office. A corporate executor, with many on-staff professionals, is always available. Gina St. Charles joined Cumberland Trust in 2007 and works with over 350 CPAs to coordinate the preparation and filing of trust tax returns with the IRS and state revenue departments. We will be expanding coverage; please also include any other services offered such as investment management, special purpose trusts, HSAs, etc. 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. For 35+ pages, please contact the County Clerk's office at (304) 264-1927. Leslie is a member of the Tennessee Bar Association and is licensed to practice law in Tennessee. 30 reviews of Moyer & Sons Moving & Storage "My family has been using Moyer & Sons since my folks moved to DC a little less than thirty years ago. In this role, Matt works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Site by Circa Creative Studios. She also studied abroad at the University of Aberdeen in Scotland. To find out where the sizzle hits the steak for various types of trust company, The Trust Advisor conducted a survey below of what theyre charging. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. A corporate executor or co-executor can be especially helpful when modern family dynamics may be involved. Minimum annual fee = $250 Investment Fees: Fees charged by investment managers are passed on to the fund Currently averages less than 25 basis points (1/4 of 1%) Credit Card Fees: While Cumberland Community Foundation does not charge a fee, the credit card processing company charges a processing fee To make sure your institution is included or excludedin theJuly 2nd editionof this survey please let us know. Menu viscount royal caravan. Fee Schedule Fee Schedule The Recorder's Office accepts the following payment methods: Checks* - Checks should be made payable to "Recorder of Deeds". As an independent trust company, we focus on trust and estate administration services, while collaborating withyou. Download the Fee Schedule Personal Trusts - Continual Administration ANNUAL FEE: Based on fair market value of trust assets 0.60% of the first $1,000,000 0.50% of the next $1,000,001 - $2,000,000 0.35% of the next $2,000,001 - $5,000,000 Negotiable over $5,000,000 Minimum Fee: $3,000 Trust Settlements - Outright Distribution Request Information Schedule A Visit You're ready for this. in Political Science from the University of Tennessee, Knoxville and was awarded a J.D. 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. Meet Our Personal Trust Administration Team, Conveniently Headquartered in Trust-Friendly Tennessee. Prior to joining Cumberland Trust, Emily worked at a holistic wellness center working with client families. She received a professional certification in software programming from The University of Texas at Austin. June 3, 2022 . With a connected team of 120+ experts at your service in 10 offices nationwide. He advises the company on trust and estate administration, special assets administration, fiduciary compliance and corporate governance matters. from Quinnipiac University School of Law in Hamden, Connecticut. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. In addition to providing the unique expertise required for estate and post-mortem trust administration, we appreciate the importance of expressing compassion, understanding, and consideration toward your family members during a particularly emotional time. 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. Chris is a chartered Financial Analyst (CFA) and Certified Trust and Financial Advisor (CTFA). Lindsay Phillips joined Cumberland Trust as a Trust Specialist in 2022. Brianna studied Business Administration at Georgia State University. 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. Our team works in conjunction with any external property managers. BBB File Opened: 2/19/2004. Avery Oaks joined Cumberland Trust as a Trust Officer in 2022. Lorena Suarez joined the Cumberland Trust administration team in 2014. It really does depend on what the client wants us to provide, he says. Additional fees may apply for special services. Michelle is a regular speaker for industry-related events nationwide, and she has been published in The Tennessean. with a concentration in Business Transactions from the University of Tennessee College of Law (magna cum laude). The Tennessee Community Property Trust Act. Elsie currently serves as a Business Development Associate in Atlanta, assisting in the onboarding of new trust and estate accounts for families and their professional advisors. Site by Circa Creative Studios. Heather received a B.A. One of the resulting benefits. All rights reserved. She is responsible for overseeing the development team and its new trust opportunities.
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